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    TECK.B   CA8787422044

TECK RESOURCES LIMITED

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Teck Resources : Announces New Collective Agreement at Highland Valley Copper Operations - Form 6-K

01/24/2022 | 01:34pm EDT

Teck Announces New Collective Agreement at

Highland Valley Copper Operations

Vancouver, B.C. - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that members of United Steelworkers (USW) Local 7619, representing 1,048 workers at Teck's Highland Valley Copper (HVC) Operations in B.C., have ratified a new five-year collective agreement, replacing one that expired on September 30, 2021.

"We are pleased to have reached a collective agreement that is fair to employees and supports the long-term success of Highland Valley Copper Operations," said Matt Parrilla, General Manager, Highland Valley Copper Operations.

About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:

Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact:

Chris Stannell

Public Relations Manager

604.699.4368

chris.stannell@teck.com

Disclaimer

Teck Resources Limited published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 18:33:02 UTC.


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Sales 2022 20 040 M 15 688 M 15 688 M
Net income 2022 5 601 M 4 385 M 4 385 M
Net Debt 2022 3 915 M 3 065 M 3 065 M
P/E ratio 2022 4,63x
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Capitalization 27 919 M 21 856 M 21 856 M
EV / Sales 2022 1,59x
EV / Sales 2023 1,53x
Nbr of Employees 10 600
Free-Float 98,6%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 51,71 CAD
Average target price 60,18 CAD
Spread / Average Target 16,4%
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Managers and Directors
Donald R. Lindsay President, Chief Executive Officer & Director
Jonathan Price Chief Financial Officer & Senior Vice President
Sheila A. Murray Chairman
Harry Milton Conger Chief Operating Officer & Executive Vice President
Mayank M. Ashar Independent Director
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