Teck Resources (TECK) Bounces Back to 52-Week High on Strong Production Results

We recently published 10 Big Names Leaving Wall Street Behind; 7 Are Hitting Record Highs. Teck Resources Ltd. (NYSE:TECK) was one of the worst performers on Wednesday.

Teck Resources rebounded by as much as 7.5 percent at intra-day trading on Wednesday to hit a new 52-week high of $54, as investors took heart from strong production operations that fell within expectations, alongside a reaffirmed growth outlook for 2026.

At market close, the stock trimmed gains to end the day just up by 5.56 percent at $53 apiece.

In an updated report, Teck Resources Ltd. (NYSE:TECK) said that annual zinc in concentrate production stood at 565,000 tons, hitting the higher end of its guidance of 525,000 to 575,000, with bulk of the resources coming from the Red Dog zinc mine in Alaska.

Copper production, on the other hand, hit 453,500 tons, within the guidance range of 415,000 to 465,000 tons, bulk of which was produced from its Quebrada Blanca site and Highland Valley Copper.

In the fourth quarter alone, copper produced ended at 134,100 tons, higher than the 118,600 copper sold, primarily due to a short-term build-up in inventory at Quebrada Blanca as a result of weather and sea conditions in December, which delayed shipments into early 2026.

Meanwhile, refined zinc was at 229,900 tons, also hitting the higher end of its previous outlook of 190,000 to 230,000 tons, as Teck Resources Ltd. (NYSE:TECK) focuses on processing residues over maximizing refined zinc production.

Official results are scheduled to be announced on February 18, 2026.

For 2026, Teck Resources Ltd. (NYSE:TECK) reaffirmed its copper production guidance of 95,000 to 105,000 tons for its Antamina site.

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Disclosure: None. This article is originally published at Insider Monkey.