Teck Files Audited Annual Financial Statements for 2019
February 26 2020 - 9:31PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today filed its annual audited financial statements for
the year ended December 31, 2019. As previously disclosed on
February 23, 2020, subsequent to the release of Teck’s unaudited
financial results for the fourth quarter of 2019, Teck withdrew the
regulatory application for the Frontier Project. As a consequence,
under IFRS, Teck was required to assess the carrying value of the
Frontier Project as at December 31, 2019. In light of the
withdrawal, as noted previously, Teck has recorded a non-cash
pre-tax impairment of $1.13 billion in relation to the Frontier
Project as at December 31, 2019.
About Teck Teck is a diversified
resource company committed to responsible mining and mineral
development with major business units focused on copper,
steelmaking coal, zinc and energy. Headquartered in Vancouver,
Canada, its 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.
Investor Contact:Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621 fraser.phillips@teck.com
Media Contact:Chris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
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