Teck Resources Limited (NYSE:TECK) is one of Goldman Sachs top gold stock picks. On April 22, Teck Resources Ltd (NYSE:TECK) reported a strong start to the year, characterized by record quarterly copper sales, as the company also capitalized on strong commodity prices.
The company achieved an adjusted EBITDA of $2.1 billion in the first quarter, up 125% year over year, driven by record quarterly copper sales. Teck Resources also benefited from increased revenue from byproducts and higher commodity products. Adjusted profit attributable to shareholders totaled $858 million, or $1.75 a share, a significant improvement from $303 million, or $0.60 a share, in the same period last year.
Total revenue increased to $3.9 billion compared to $2.29 billion delivered in the first quarter of 2025. Copper production in the quarter increased to 140,000 tons from 106,100 tons produced in the same quarter last year. Zinc concentrate production totaled 120,300 tons. The first-quarter results affirm exceptional strength across multiple metrics, operational improvements at key assets, and favorable market conditions.
Teck Resources Limited (NYSE:TECK) produces gold primarily as a byproduct of its copper-gold mining operations in Chile, notably at the Carmen de Andacollo mine. While focused on copper and zinc, the company markets gold ore and is developing the NuevaUnión project, a large copper-gold-molybdenum project.
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