泰克资源（Teck Resources） 公布 2026 年第二季度未经审计业绩

稳健的第二季度收益得益于运营的一致性和有纪律的执行

不列颠哥伦比亚省温哥华 – Teck Resources Limited（多伦多证券交易所：TECK.A 和 TECK.B，纽约证券交易所：TECK）（Teck）今日公布了其未经审计的第二季度业绩，报告期为2026年。

“我们交付了又一个运营和财务表现强劲的季度，在铜销量持续强劲、有利的商品价格环境以及各运营环节严格执行的支撑下，实现了可观的盈利和稳健的现金流，”总裁兼首席执行官Jonathan Price表示。“在QB，我们连续第三个季度实现稳定的运营表现，这体现了我们在提升这座全球最重要的新铜矿之一运营的可靠性和一致性方面所取得的进展。这些业绩巩固了我们业务的实力，也使我们处于有利位置，以推进与英美资源（Anglo American）的拟议合并，打造一家全球关键矿产领军企业，凭借财务实力、运营能力和资产组合质量，为股东创造显著价值。”

要点

• Adjusted EBITDA¹ of $2.2 billion in Q2 2026 was $1.5 billion or 204% higher than the same period last year, driven by significantly higher copper production and commodity prices, as well as increased revenue from by-products. Our profit before taxes was $1.5 billion in Q2 2026.

• Adjusted profit attributable to shareholders¹ in Q2 2026 was $948 million, or $1.93 per share, compared to $187 million, or $0.38 per share, in the same period last year. Profit attributable to shareholders was $854 million or $1.74 per share.

• 2026年第二季度，经营活动产生的现金流为17亿美元，使我们的净现金¹头寸增加了7.56亿美元。截至2026年6月30日，我们的流动性为103亿美元，其中包括61亿美元现金。

• Our copper segment generated gross profit before depreciation and amortization¹ of $1.8 billion in Q2 2026 compared to $673 million in the same period last year, primarily driven by record copper prices, which averaged US$6.05 per pound in Q2 2026, and significantly higher copper production. Strong cost performance and increased revenue from by-products reduced copper net cash unit costs¹ to US$1.64 per pound in Q2 2026 compared to US$2.02 per pound in the same period last year. Gross profit from our copper segment was $1.3 billion in Q2 2026.

• 铜产量为135,900吨，较去年同期增长25%，我们所有铜业务部门的产量均有所增加。QB在2026年第二季度连续第三个季度实现强劲产量，反映出持续的运营稳定性。

• Our zinc segment generated gross profit before depreciation and amortization¹ of $353 million in Q2 2026, compared to $159 million in the same period last year driven by higher commodity prices and continued focus on cash flow generation through our optimized feed strategy at our Trail Operations. Gross profit from our zinc segment was $329 million in Q2 2026 of which $202 million related to our Trail Operations.

• 2026年7月7日，Teck、Canada Growth Fund Inc.与加拿大自然资源部的“加拿大关键矿产加速器”宣布签署战略投资协议，以支持Trail Operations可能扩大的锗、镓和锑产能。

注：

1. This is a non-GAAP financial measure or ratio. See “Use ofNon-GAAP Financial Measures and Ratios” for further information.

2026年第二季度财务摘要

关键更新

泰克与英美资源集团（Anglo American plc）对等合并

• 2025年9月9日，Teck与英美资源（Anglo American plc，简称Anglo American）宣布以对等合并方式（下称“本次合并”）组建Anglo Teck，一家总部位于加拿大的全球关键矿产领军企业。英美资源与Teck均认为，本次合并将对其各自股东及利益相关方极具吸引力，可提升资产组合质量、财务与运营韧性以及战略定位。本次合并预计将在自公告之日起原定的12至18个月内完成。

• 该合并预计将带来约8亿美元的年度税前协同效益，其中约80%预计将在交割后第二年年底前按运行率基准实现。Anglo Teck还将与关键利益相关方和合作伙伴合作，优化相邻的Collahuasi和Quebrada Blanca资产的价值，以实现2030-2049年间预计每年平均14亿美元（100%基准）的 underlying EBITDA²提升。QB与Collahuasi的合并为两家运营公司的股东提供了以最低风险和资本密集度实现实质性铜增长的最快路径，并相对于独立备选方案带来最高回报，同时不排除Collahuasi或QB未来进一步扩建的可能性。这些未来机遇共同为智利和全球所有利益相关方的利益提供了数十年铜增长的潜力。

• On December 9, 2025, shareholders of both Teck and Anglo American approved the Merger as required under the arrangement agreement. On December 15, 2025, Teck and Anglo American received regulatory approval from the Government of Canada under the Investment Canada Act (ICA) for the Merger.

• 该合并仍须满足此类交易惯常的成交条件，包括监管批准。双方继续协作，争取获得所需批准、推进整合规划，并推动交易完成。

备注：

1. 这是一项非GAAP财务指标或比率。更多信息请参见“非GAAP财务指标和比率的使用”。
2. 这是一项非GAAP财务指标。更多信息请参见Teck Resources Limited于2025年12月9日召开的股东特别会议的管理委托书，该文件已在SEDAR+（www.sedarplus.ca）上Teck的公司档案下提交。

QB行动计划最新进展及第二季度业绩

• QB在2026年第二季度再次实现强劲的季度业绩，反映出其持续专注于运营稳定性以及尾矿管理设施（TMF）开发工作的推进。

• QB 2026年第二季度铜产量为55,800吨，而去年同期为52,700吨，2026年第一季度为55,500吨。QB继续实现稳定的运营表现，这得益于强劲的资产利用率、稳定的工厂运行表现以及在关键运营改进举措上的持续进展。

• 在5月计划检修期间完成的优化举措之后，本季度处理量表现有所改善。本季度回收率为83.3%，较2026年第一季度略有提升，年内剩余时间将继续推进回收率表现的改善工作。

• 2026年第二季度，QB的钼产量为840吨，反映出又一个季度强劲的运营表现和工艺稳定性，钼产量较去年同期的430吨以及2026年第一季度的640吨有所增加。

• QB 季度铜销量为 57,600 吨，较去年同期增加 11,800 吨，反映出本季度产量提高和物流表现强劲。

• 第二季度QB净现金单位成本¹为每磅1.83美元，较去年同期的每磅2.45美元显著下降，主要受销量增加和副产品抵扣推动。

• 本季度，TMF 的建设持续推进，包括完成 Rock Bench 5，选矿厂未出现与 TMF 相关的停机。旋流站升级完成以及围场可用性提高，改善了尾砂沉积速率，并支持继续朝着计划的 TMF 性能目标推进。随着尾砂沉积速率提高，相关工作持续开展，以优化为适应这些更高沉积速率所需的配套辅助基础设施。二级旋流站的建设预计将于 2026 年第四季度完成，应会进一步改善尾砂沉积表现。

• 与我们 QB 行动计划一致，我们正在推进对永久性 TMF 管道基础设施安装时机和顺序的评估，该基础设施将机械式抬升尾矿管道，支持更高效、更优化的 TMF 性能，以实现稳态运营。作为该评估的一部分，我们正在评估加速某些 TMF 活动的机会，包括可能通过 2026 年建设 Rock Bench 6 来提前推进目前计划于 2027 年进行的物料放置。推进这项工作将使得永久性管道基础设施能够在 2026 年第四季度安装，早于原计划，在砂坝完工期间提供额外的运营灵活性，降低执行风险，并支持在稳定运营基础上持续改善运营绩效。如果推进，Rock Bench 6 将在 2026 年需要约 1 亿美元的额外资本支出。

安全与可持续发展领导力

• 我们2026年第二季度的高潜在事故（HPI）频率率上升至0.08。虽然高于2025年年末的0.06，但频率仍处于低位，与2025年总体一致。

注：

1. 这是一项非GAAP财务指标或比率。更多信息请参见“非GAAP财务指标和比率的使用”。

指引

• 我们此前披露的指引没有变化，其摘要见下文，我们通常的指引表格（包括2027–2028年产量指引）可在下方链接中Teck 2026年第二季度业绩报告的第26–29页查阅。

• Red Dog 的发货季于 2026 年 7 月 12 日开始。我们预计，Red Dog 在 2026 年第三季度的锌精矿销量将在 220,000 至 270,000 吨之间，这反映了 Red Dog 销售的正常季节性。

注：

1. 这是一项非GAAP财务指标或比率。更多信息请参见“非GAAP财务指标和比率的使用”。

本新闻稿中所有美元金额均以加元表示，除非另有说明。

点击此处查看 Teck 2026 年第二季度完整业绩。

网络直播

Teck will host an Investor Conference Call to discuss its Q2/2026 financial results at 11:00 AM Eastern time, 8:00 AM Pacific time, on July 23, 2026. A live audio webcast of the conference call, together with supporting presentation slides, will be available at our website at www.teck.com. The webcast will be archived at www.teck.com.

参考

Edwin Shadeo，投资者关系与财务代理副总裁：+1 604.699.4531

对外传播总监 Dale Steeves：+1 236.987.7405

即时发布日期：2026年7月22日

非公认会计准则财务指标及比率的使用

我们的年度财务报表按照国际会计准则理事会（IASB）发布的《IFRS®会计准则》编制。我们的中期财务业绩按照《IAS 34——中期财务报告》（IAS 34）编制。本文件提及若干非GAAP财务指标和非GAAP比率，这些指标和比率并非《IFRS会计准则》所认可的指标，也不具有《IFRS会计准则》或美国《公认会计原则》（GAAP）所规定的标准化含义。 

下文所述的非GAAP财务指标和非GAAP比率在《国际财务报告准则》会计准则下没有标准化含义，可能与其他发行人使用的不同，也可能无法与其他发行人报告的类似财务指标和比率进行比较。这些财务指标和比率源自我们的财务报表，并在适当情况下按一致的基础应用。我们披露这些财务指标和比率，是因为我们认为它们有助于读者理解我们的经营成果和财务状况，并向投资者提供有关我们财务业绩的进一步信息。这些指标不应被孤立地考虑，也不应被用作替代根据《国际财务报告准则》会计准则编制的其他业绩指标。

调整后归属于股东的利润——对于调整后归属于股东的利润，我们对所报告的归属于股东的利润进行调整，以剔除某些类型交易的税后影响，这些交易反映我们资产负债表上的计量变动，或不能反映我们的正常经营活动。 

EBITDA – EBITDA 是扣除净财务费用、所得税准备以及折旧和摊销前的利润。

调整后EBITDA – 调整后EBITDA是指在进行上述对股东应占调整后利润所作调整的税前影响之前的EBITDA。

归属于股东的调整后利润、EBITDA 和调整后 EBITDA 突出显示的项目，使我们和读者能够更清晰地分析我们其余业绩。我们认为，披露这些指标有助于读者了解我们业务持续产生现金的潜力，从而提供流动性以满足营运资金需求、偿还未偿债务、为未来资本支出和投资机会提供资金以及支付股息。

调整后每股基本收益——调整后每股基本收益为归属于股东的调整后利润除以该期间已发行股份的平均数量。

调整后稀释每股收益——调整后稀释每股收益为归属于股东的调整后利润除以当期平均完全稀释股数。

折旧及摊销前毛利——折旧及摊销前毛利是指加回折旧及摊销费用后的毛利。我们认为，该指标有助于我们和读者评估我们可报告分部或整体业务产生现金流的能力。

总现金单位成本——我们铜和锌业务的总现金单位成本包括下文所述的调整后销售现金成本，加上在确定调整后收入时加回的冶炼和精炼费用。此列报方式可将包括冶炼费用在内的总现金单位成本与铜或锌的基础价格进行比较，以按单位评估矿山的利润率。

净现金单位成本——主要产品的净现金单位成本，是在扣除共产品和副产品利润后计算的，也是行业常用的衡量指标。通过从主要产品单位中扣除共产品和副产品单位利润，可以用单一指标呈现矿山单位利润，以便与其他运营项目进行比较。 

调整后销售现金成本——我们铜和锌业务的调整后销售现金成本定义为交付至装运港的产品成本，不包括折旧和摊销费用、任何一次性集体协议费用或存货减记准备以及副产品销售成本。行业惯例是不计入折旧和摊销，因为这些成本为非现金成本，而行业内使用的折现现金流估值模型会以未来资本支出的预期替代这些金额。 

总债务——总债务为债务加租赁负债之和，包括债务和租赁负债的流动部分。

净债务（净现金）——净债务（净现金）为总债务减去现金及现金等价物。净现金是指我们的现金余额超过总债务余额的金额。

归属于股东的利润及归属于股东的调整后利润

每股基本收益与调整后每股基本收益的调节

摊薄每股收益与调整后摊薄每股收益的调节表

总债务与净债务（现金）的调节

EBITDA与调整后EBITDA的调节

折旧及摊销前毛利润的调节

注

1. 在销售成本中确认的折旧和摊销。

铜单位成本调节

注：

1. 平均期间汇率用于换算为美元/磅当量。

铜单位成本调节，QB

注：

1. 平均期间汇率用于换算为美元/磅当量。

关于前瞻性陈述的警示声明

本新闻稿包含适用证券法所定义的某些前瞻性信息和前瞻性陈述（统称为前瞻性陈述）。这些陈述涉及未来事件或我们未来的业绩。除历史事实陈述外，所有陈述均为前瞻性陈述。使用“预期”、“能够”、“可能”、“计划”、“继续”、“估计”、“预计”、“可以”、“将”、“会”、“预测”、“预判”、“很可能”、“潜在”、“应当”、“认为”等词语及类似表述，旨在识别前瞻性陈述。这些陈述涉及已知和未知的风险、不确定性及其他因素，可能导致实际结果或事件与此类前瞻性陈述所预期的存在重大差异。这些陈述仅截至本新闻稿发布之日。

These forward-looking statements include, but are not limited to, statements concerning: our focus and strategy, including being a pure-play energy transition metals company; anticipated global and regional supply, demand and market outlook for our commodities; our business, assets, and strategy going forward, including with respect to future and ongoing project development; our expectations with respect to a disciplined execution of our business plans and enhanced integration across mine and plant activities; our ability to complete the Merger with Anglo American, including timing of completion, the ability to meet customary closing conditions and our ability to receive applicable approvals; our expectations with respect to the Merger with Anglo American and integration planning; our ability to achieve operational resilience and corporate synergies with Anglo American, including the potential synergies between QB and Collahuasi; our ability to execute our copper growth strategy in a value accretive manner; our expectations with respect to the Strategic Investment Agreement with CGF and NRCan, including the ability to negotiate and execute definitive agreements, and the satisfaction of applicable approvals; the timing and format of any cash returns to shareholders; our expectations regarding cost, timing and completion of HVC MLE; our expectations regarding cost, timing and completion of TMF development initiatives and installation of remaining permanent tailings infrastructure and water management at QB to support steady state operations; our expectations regarding improved sand drainage; our expectations with respect to improved recoveries at QB and achieve design rates in the mine, concentrator and molybdenum plant; the continued consistent production and future optimization of our QB operations; the occurrence and length of any potential downtime at our operations; our expectations with respect to operations at Carmen de Andacollo; our expectations with respect to the impacts from the severe winter storm and inclement weather affecting Chile, including impacts on Teck's operations and their anticipated severity and duration; our expectations with respect to the resumption of full operations at Carmen de Andacollo; our expectations with respect to Teck's updated operating strategy and production at Trail; our expectations with respect to the production and sales volume at Red Dog; our expectations with respect to shipping at our operations; potential raw material constraints on our business; our expectations with respect to the occurrence, timing and length of maintenance shutdowns and equipment replacement; expectations regarding inflationary pressures and our ability to manage controllable operating expenditures, including potential government intervention; the uncertainty surrounding the status of various worldwide tariffs and the impact on the mining industry; expectations with respect to the potential impact of any tariffs, countervailing duties or other trade restrictions, including the impact on trade flows, demand for our products and general economic conditions and our ability to manage our sale arrangements to minimize any impacts or maintain compliance with any exemptions provided; our expectations with respect to geopolitical risk and the impact on trade, commodities and the financial market, including the conflict in the Middle East, the closure of the Strait of Hormuz, supply chain disruptions, government interventions and oil cost increases and supply disruptions; our expectations with respect to future transportation and freight costs; our expectations with respect to execution of our copper growth strategy, including the timing and occurrence of any sanction decisions and prioritization and amount of planned growth capital expenditures; expectations regarding advancement of our copper growth portfolio projects, including advancement of study, permitting, execution planning, detailed engineering and design, risk mitigation, and advanced early works, community and Indigenous engagement, completion of updated cost estimates, tendering processes, and timing for receipt of permits related to QB optimization, QB Asset Expansion, the Red Dog MLE, the HVC MLE, San Nicolás, and Zafranal projects, as applicable; our expectations with respect to the timing of completion and cost of the HVC MLE; the ability of our partners to participate in the funding of the Zafranal project; our expectations and results with respect to the royalties on our operations; expectations with respect to timing and outcome of the regulatory approvals process for our copper growth projects; expectations for copper growth capital expenditures to progress our medium- to long-term projects, including Galore Creek, Schaft Creek, NewRange, and NuevaUnion; our expectations regarding safety rates at our operations; expectations regarding our effective tax rate and potential tax payments; expectations regarding after-tax impairments; liquidity and availability of borrowings under our credit facilities; requirements to post and our ability to obtain additional credit for posting security for reclamation at our sites; expectations for our general and administration and research and innovation costs and costs related to the enterprise resource planning system; profit and loss expectations; our expectations with respect to potential results of any litigation, arbitration or regulatory action; copper price market trends and expectations; our expectations with respect to foreign demand for our materials; our ability to continue to declare dividends; mineral grades; all guidance appearing in this document including but not limited to the production, sales, cost, unit cost, capital expenditure, capitalized stripping, operating outlook, and other guidance under the headings “Guidance” and "Outlook" and as discussed elsewhere in the various reportable segment sections; our expectations regarding inflationary pressures and increased key input costs; and expectations regarding the adoption of new accounting standards and the impact of new accounting developments.

These forward-looking statements are based on the information available at the time those statements are made and are of good faith belief of the officers and directors of Teck as of the time with respect to future events and are subject to a number of assumptions, including, but not limited to, assumptions disclosed elsewhere in this document and assumptions regarding general business and economic conditions, interest rates, commodity and power prices; the completion of the Merger with Anglo American and integration planning with Anglo American; the potential corporate synergies between Anglo American and Teck; geopolitical climate; acts of foreign or domestic governments and the outcome of legal proceedings; the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments; the continued operation of QB in accordance with our expectations; our ability to advance TMF development initiatives as expected and the occurrence and length of any potential maintenance downtime; expectations and assumptions with respect to HVC MLE capital cost estimate and expected project economics; the timing and completion of the HVC MLE; anticipated timing of the resumption of full operations at Carmen de Andacollo; the possibility that our business may not perform as expected or in a manner consistent with historical performance; the supply and demand for, deliveries of, and the level and volatility of prices of copper and zinc and our other metals and minerals, as well as steel, crude oil, natural gas and other petroleum products; the timing of the receipt of permits and other regulatory and governmental approvals for our development projects and other operations, including mine life extensions; positive results from the studies on our expansion and development projects; our ability to secure adequate transportation, including rail and port services, for our products; our costs of production and our production and productivity levels, as well as those of our competitors; continuing availability of water and power resources for our operations; changes in credit market conditions and conditions in financial markets generally; the availability of funding to refinance our borrowings as they become due or to finance our development projects on reasonable terms; availability of letters of credit and other forms of financial assurance acceptable to regulators for reclamation and other bonding requirements; our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; the availability of qualified employees and contractors for our operations, including our new developments and our ability to attract and retain skilled employees; the satisfactory negotiation of collective agreements with unionized employees; our expectations with respect to the HPI frequency rate at Teck-controlled operations; the impact of changes in Canadian-U.S. dollar, Canadian dollar-Chilean Peso and other foreign exchange rates on our costs and results; engineering and construction timetables and capital costs for our development and expansion projects; our ability to develop technology and obtain the benefits of technology for our operations and development projects; closure costs; environmental compliance costs; market competition; the accuracy of our mineral reserve and resource estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based; tax benefits and statutory and effective tax rates; the outcome of our copper, zinc and lead concentrate treatment and refining charge negotiations with customers; favourable weather conditions for shipment and operations; the resolution of environmental, regulatory and other proceedings or disputes; our ability to obtain, comply with and renew permits, licenses and leases in a timely manner; and our ongoing relations with our employees and with our business and joint venture partners.

Statements regarding the availability of our credit facilities are based on assumptions that we will be able to satisfy the conditions for borrowing at the time of a borrowing request and that the facilities are not otherwise terminated or accelerated due to an event of default. Assumptions regarding the costs and benefits of our projects include assumptions that the relevant project is constructed, commissioned and operated in accordance with current expectations. Expectations regarding our operations are based on numerous assumptions regarding the operations. Our Guidance tables include disclosure and footnotes with further assumptions relating to our guidance, and assumptions for certain other forward-looking statements accompany those statements within the document. Statements concerning future production costs or volumes are based on numerous assumptions regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, and that there are no material unanticipated variations in the cost of energy or supplies. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

Factors that may cause actual results to vary materially include, but are not limited to, changes in commodity and power prices; changes in market demand for our products; changes in interest and currency exchange rates; acts of governments and the outcome of legal proceedings, including indemnification claims; ability for Teck to satisfy all conditions precedent for closing of the Merger; ability for Teck to receive necessary approvals to complete the Merger; costs related to the Merger; the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments; geopolitical uncertainty and conflict; industry growth uncertainty; supply chain disruptions, including closure of certain trade routes; commodity supply and supply chain volatility; inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources); operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of labour, materials and equipment); government action or delays in the receipt of government approvals; changes in royalty or tax rates; industrial disturbances or other job action; adverse weather conditions; unanticipated events related to health, safety and environmental matters; union labour disputes; political risk; social unrest; failure of customers or counterparties (including logistics suppliers) to perform their contractual obligations; changes in our credit ratings; unanticipated increases in costs to construct our development projects; difficulty in obtaining permits; inability to address concerns regarding permits or environmental impact assessments; changes in laws and mining regulations; potential changes to CUSMA; changes in Canadian property law and ownership title; and changes or further deterioration in general economic conditions. The amount and timing of capital expenditures is dependent upon, among other matters, being able to secure permits, equipment, supplies, materials and labour on a timely basis and at expected costs. Certain operations and projects are not controlled by us; schedules and costs may be adjusted by our partners, and timing of spending and operation of the operation or project is not in our control. Certain of our other operations and projects are operated through joint arrangements where we may not have control over all decisions, which may cause outcomes to differ from current expectations. Ongoing monitoring may reveal unexpected environmental conditions at our operations and projects that could require additional remedial measures. Production at our QB and Red Dog Operations may also be impacted by water levels at site. Sales to China may be impacted by general and specific port restrictions, Chinese regulation and policies, and normal production and operating risks.

We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2025 filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.

Scientific and technical information in this quarterly report regarding our material properties was reviewed, approved and verified by Jason Sangha, P.Eng., Vice President, Technical & Planning, an officer of Teck and a Qualified Person as defined under National Instrument 43-101.

26-15-TR