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Teck Teck Resources Limited TSX : TECK.A , TECK.B NYSE : TECK www.teck.com For Immediate Release 21-28 - TR News Release Date : July 26 , 2021 Teck Reports Unaudited Second Quarter Results for 2021 Strong quarterly results supported by positive market backdrop and progress on key projects Vancouver , B.C. - Teck Resources Limited ( TSX : TECK.A and TECK.B , NYSE : TECK ) ( " Teck " ) today announced its unaudited second quarter results for 2021 . " Solid performance at our operations and key projects against the backdrop of improving market conditions made for a very positive second quarter of 2021 , with adjusted profit up 281 % compared to the same period last year , " said Don Lindsay , President and CEO . " We managed through the most acute COVID - 19 conditions in Chile since the start of the pandemic while safely achieving our best quarterly progress to date on our flagship QB2 copper growth project . The COVID - 19 situation in Chile has improved in recent weeks and vaccination rates at QB2 are high , which is contributing to strong momentum on the project heading into the third quarter . Our Neptune port upgrade project is operational and ramping up to full capacity , and the new facility is being integrated into our logistics chain , which will reduce costs , enhance flexibility and improve performance . " Highlights • • • Adjusted EBITDA¹ of $ 989 million in Q2 2021 , an increase of 104 % compared to the same period last year . Adjusted profit attributable to shareholders of $ 339 million or $ 0.64 per share in Q2 2021 , an increase of 281 % compared to the same period last year . Profit attributable to shareholders was $ 260 million , or $ 0.49 per share in Q2 2021 . Despite the largest COVID - 19 wave to date in Chile , the construction of our QB2 project continued to advance with the best quarterly progress to date . Our financial results are significantly improved compared to the same period last year supported by the positive market backdrop of improved commodity prices , production in line with plan across our business units and sales meeting our Q2 2021 guidance . Our copper business unit had a strong Q2 2021 with a 198 % increase in gross profit before depreciation and amortization¹ compared to the same period last year , supported by an average realized copper price of US $ 4.39 per pound and copper production of 72,100 tonnes , in line with plan . Our zinc business unit had a strong Q2 2021 operating performance with an increase in zinc production at our Red Dog Operations of 67 % compared to the same period last year , resulting in an increase to our 2021 annual zinc in concentrate production guidance range . Sales of steelmaking coal were 6.2 million tonnes in Q2 2021 , with approximately 2 million tonnes sold to China at significantly higher prices than FOB Australia prices . The FOB Australia and CFR China price assessments increased sharply in the latter half of Q2 , the impact of which will be reflected in our Q3 financial performance . Liquidity of $ 6.1 billion as at July 26 , 2021 . We were named to the Best 50 Corporate Citizens in Canada ranking as one of the top 50 companies in Canada for corporate citizenship for the 15th consecutive year . Note : 1. Non - GAAP Financial Measure . See " Use of Non - GAAP Financial Measures " section of the MD & A for further information and reconciliation . All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted . Reference : Fraser Phillips , Senior Vice President , Investor Relations and Strategic Analysis 604.699.4621 Marcia Smith , Senior Vice President , Sustainability and External Affairs 604.699.4616 Additional corporate information is available at www.teck.com