TECK

Teck Resources Ltd

39.16
USD
-2.49%
39.16
USD
-2.49%
19.32 44.93
52 weeks
52 weeks

Mkt Cap 20.55B

Shares Out 524.66M

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Strike threatened at Teck Resources' Highland Valley copper mine

Teck Resources (NYSE:TECK) says it received a strike notice from United Steelworkers Local 7619, which represents more than 1,000 workers at the company's Highland Valley Copper operations in British Columbia. Strike action potentially could begin as soon as January 16, following the 72-hour strike notice period. According to the company's website, HVC copper production for 2021 was guided at 128K-133K metric tons, with output during 2022-24 expected at 135K-165K mt/year. Teck Resources is "firing on all cylinders after reporting phenomenal operating cash flow," The Investment Doctor writes in a bullish analysis posted on Seeking Alpha.

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