Teck Provides Steelmaking Coal Sales and Pricing Update

VANCOUVER, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited second quarter 2022 steelmaking coal sales volumes and realized prices.

Our realized second quarter steelmaking coal sales were 6.3 million tonnes, within our previously announced guidance of 6.3 – 6.7 million tonnes. Record steelmaking coal FOB prices resulted in an increase in our average realized steelmaking coal price in the second quarter to US$453 per tonne. We expect to record provisional pricing adjustments of negative $73 million in the quarter due to the decline in coal prices at quarter end.

Our second quarter 2022 financial results are scheduled for release on July 27, 2022.

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.

Teck Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

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