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Teck Teck Resources Limited TSX : TECK.A , TECK.B NYSE : TECK www.teck.com For Immediate Release 21-45 - TR News Release Date : October 26 , 2021 Teck Reports Unaudited Third Quarter Results for 2021 High commodity prices and strong performance generate record $ 2.1 billion of Adjusted EBITDA¹ and record $ 1.0 billion of Adjusted Profit¹ Vancouver , B.C. - Teck Resources Limited ( TSX : TECK.A and TECK.B , NYSE : TECK ) ( " Teck " ) today announced its unaudited third quarter results for 2021 . " The extremely favourable commodity price environment - particularly for steelmaking coal - combined with solid operational performance resulted in record quarterly adjusted EBITDA and record adjusted profit in the third quarter , ” said Don Lindsay , President and CEO . " Heading into the fourth quarter , we are focused on continuing to optimize sales and production to capitalize on high commodity prices and advancing our priority QB2 copper project . " Highlights • • • • • Adjusted EBITDA¹ was a record $ 2.1 billion in Q3 2021 , more than triple the same period last year . Profit attributable to shareholders was $ 816 million or $ 1.53 per share and adjusted profit attributable to shareholders¹ was $ 1.0 billion or $ 1.91 per share in Q3 2021 , more than 7 times higher than the same period last year . Realized copper , zinc and steelmaking coal prices were US $ 4.25 per pound , US $ 1.38 per pound and US $ 277 per tonne , respectively , in the month of September and as a result , our Adjusted EBITDA¹ for the month of September contributed approximately half of our Q3 2021 Adjusted EBITDA¹ . Overall progress on our QB2 project is now past the two - thirds mark and we continue to expect first production in the second half of 2022 . Our copper business unit gross profit increased 117 % , supported by an average realized copper price of US $ 4.28 per pound and copper production of 70,700 tonnes , in line with plan . Red Dog zinc sales volumes were 162,000 tonnes in Q3 despite a delayed start to the shipping season due to ice conditions and significant weather - related delays . Sales of steelmaking coal were 5.9 million tonnes in Q3 2021 , with approximately 1.9 million tonnes or 32 % sold to China significantly above FOB Australia prices . The FOB Australia prices increased sharply in the latter half of Q2 and continued to increase to unprecedented levels through Q3 . In October , we converted our US $ 4 billion committed facility into a Sustainability - Linked facility and extended its maturity to October 2026. The facility was undrawn as of October 26 , 2021 . We were named to the Forbes World's Best Employers List for the second year in a row . MSCI upgraded Teck's Environmental , Social and Governance rating to ' AA ' from ' A ' , placing Teck in the top 10 % of companies in the Metals and Mining - Non - Precious Metals sector . Note : 1. Non - GAAP Financial Measure . See “ Use of Non - GAAP Financial Measures " section of the attached Management's Discussion and Analysis 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