Highland Valley Copper

Highland Valley Copper Operations is a copper and molybdenum operation located in south-central British Columbia.

About Highland Valley Copper

Highland Valley Copper (HVC) Operations is located approximately 17 kilometres west of Logan Lake and about 50 kilometres southwest of Kamloops in British Columbia. Teck has a 100% interest in HVC.

HVC produces both copper and molybdenum concentrates through autogenous and semi-autogenous grinding and flotation. Once processed, the metal concentrates are exported overseas, where the majority is sold under long-term sales contracts to smelters.

Copper production in 2022 is anticipated to be between 127,000 and 133,000 tonnes, with a relatively even distribution throughout the year. Copper production from 2023 to 2025 is expected to be between 130,000 and 160,000 tonnes per year.

Highland Valley Copper Operating Results

 

($ in millions)

2021

2020

2019

Revenue

$1,440

$993

$1,005

Gross profit (loss)

$721

$331

$196

Gross profit (loss) before depreciation and amortization1

$883

$476

$395

Production (thousand tonnes)

131

119

121

Sales (thousand tonnes)

124

119

124

Notes:
1 This is a non-GAAP financial measure or ratio. See "Use of Non-GAAP Financial Measures and Ratios" section of the Management's Discussion and Analysis for further information. 

Our Stories