Teck Resources' Guidance Cut Shows Production Growth Further Away Than Expected -- Market Talk

Dow Jones
Oct 09

0946 GMT - Teck Resources' operational update and revised production guidance could stymie calls from its shareholders for an improved offer from Anglo American, Berenberg analysts Richard Hatch and William Dalby write. The two miners have agreed to merge in one of the mining industry's largest ever deals. Teck's guidance cut shows that expected production growth will take longer to achieve than first thought, they write. Anglo American backed Teck's update, saying it is broadly in line with its due diligence and said it has addressed a similar issue to Teck's at Quebrada Blanca, Chile. This is a good start and will help assuage market concerns, they add. Anglo American shares trade up 1.8% at 2,951 pence while Tech's shares closed at 60.6 Canadian dollars Wednesday. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

October 09, 2025 05:47 ET (09:47 GMT)

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