Teck Provides Steelmaking Coal Sales and Pricing Update

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited fourth quarter 2022 steelmaking coal sales volumes and realized prices.

Our fourth quarter steelmaking coal sales were 4.3 million tonnes, below previously disclosed guidance of 5.0 – 5.4 million tonnes. Extreme cold weather during December across western Canada negatively impacted rail performance, rail car unloading and overall port performance, resulting in sales volumes below expectations.

The realized steelmaking coal price in the fourth quarter averaged US$278 per tonne. We expect to report provisional pricing adjustments of negative $10 million in the fourth quarter.

Our fourth quarter 2022 financial results are scheduled for release on February 21, 2023.