Overview

• The project will extend the Highland Valley Copper Mine’s life to 2046, delivering an average annual output of 132,000 tonnes of copper.
• Teck expects capital expenditures between C$2.1 billion and C$2.4 billion, marking British Columbia’s largest investment in critical minerals.
• Net profit from continuing operations rose to C$206 million for the quarter ended June 30, up from C$21 million a year earlier, while revenue climbed to C$2.02 billion.
• Construction is slated to begin in August after the company obtained environmental assessment certificates and site development permits in June.
• The expansion is projected to create about 2,900 construction jobs, support 1,500 ongoing roles and contribute roughly C$435 million to provincial GDP during its build phase.