Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s): TCKRF | TECK | T.TECK.B

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.

TSX:TECK.A - Post by User

Teck Resources Ord Shs Class A

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Comment by Braincells13on Feb 10, 2015 9:36pm

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Post# 23416524

RE:RE:RE:RE:RE:RE:Great Dividend

I am a lot more pessimistic about Teck. To be fully transparent, I bought puts last Thursday and yesterday. The yield looks good right now, but is it sustainable? When you factor in China slowdown (so likely less demand), the recent slump in metals, commodities, and energy and future commitment (for example, the $700M a year for the next three year for Fort Hills), will Teck generate enough cash flow to cover the dividend? Cash & cash equivalents have been decreasing a lot over the past quarters.. so I wouldn't be surprised to see a dividend reduction over the next year.

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