Teck Provides Update on Antamina
March 17 2020 - 11:29PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
("Teck”) announced today that Compania Minera Antamina, in which
Teck has a 22.5% interest, continues to operate the Antamina mine
under an exemption from recently announced Peruvian Government
restrictions imposed in response to the COVID-19 pandemic.
Critical operations will be maintained by a reduced workforce
throughout the 15-day national emergency quarantine period.
Appropriate precautions are being taken by Antamina to protect its
workforce during this challenging period. There have been no
confirmed cases of COVID-19 at the mine site. Assuming no further
adverse developments in connection with COVID-19, any temporary
reduction in production is expected to be recovered in line with
existing 2020 guidance.
Forward-Looking StatementsThis press release
contains certain forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and forward-looking information as defined in the Securities Act
(Ontario). Forward-looking statements in this news release include
statements regarding continued operation of Antamina throughout the
15-day quarantine period and expectation that production is
expected to be recovered in line with existing 2020 guidance. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated. These statements speak only as
of the date of this news release.
These statements are based on a number of assumptions,
including, but not limited to, assumptions that operations and
production during the quarantine period and subsequent periods are
not more significantly impacted than anticipated, assumption that
the quarantine period does not last beyond the 15-day period, and
that ramp up to regular operations after the 15-day period are not
delayed. Factors that may cause actual results to vary
include, but are not limited to, extension of duration of the
quarantine period by regulatory authorities or by Antamina, there
being further measures imposed by regulatory authorities or
Antamina that further impact or restrict operations, and
difficulties in ramp-up to full operations following the quarantine
period.
Certain of these risks are described in more detail in the
annual information form of Teck and in its public filings with
Canadian securities administrators and the U.S. Securities and
Exchange Commission. Teck does not assume the obligation to revise
or update these forward-looking statements after the date of this
news release or to revise them to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws.
About TeckTeck 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.
Teck Media Contact:Chad PedersonManager,
Communications Planning604.699.5013chad.pederson@teck.com
Teck Investor Contact:Fraser PhillipsSenior
Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
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