Verified call record已核验电话会记录 · 2026-07-23

TECK · TECK Q2 FY2026 earnings call record财报电话会记录

Verbatim, receipt-bound excerpts from the earnings-call transcript. This is a source record, not a synthesized analysis or recommendation.来自财报电话会文字记录的原文、可追溯摘录。这是来源记录，不是综合分析或推荐。

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12 exact excerpts 条原文摘录 23 numeric receipts 个数值回执 B governed source tier 治理来源层级 Transcript present电话会文本已具备

The record记录内容

Call language, kept intact.电话会表述，保持原貌。

The excerpts below are selected from the source record under the bounded evidence policy. Wording is not paraphrased; numbers remain the exact spans captured from the call.以下摘录按受限证据策略从来源记录中选出。文字未被改写；数字保持电话会中捕获的精确片段。

performancedemand

“Copper production increased by 25% compared with the second quarter of last year, with higher production across all our copper operations, coupled with continued strong sales volumes.”

Jonathan Price · CEOclaim_d184ef42e7f82a3501171acf0bf1a919

Exact numeric spans精确数值片段25%

margins

“As a result, our profitability continued to strengthen, with adjusted EBITDA margins reaching a record 61%, up from 36% in the second quarter of 2025.”

Jonathan Price · CEOclaim_2555c77bb618b0d07a856b72565433dc

Exact numeric spans精确数值片段61%36%

demand

“These results demonstrate how our continued focus on operational performance is translating into higher volumes, lower costs and improved financial returns.”

Jonathan Price · CEOclaim_c7a613284fe775b2b827ad82c337e73c

guidance

“As a result, QB produced 55,800 tons of copper during the quarter, compared with 52,700 tons in the same period last year, with stable throughput and recoveries and all key operating metrics tracking in line with our full-year guidance.”

Jonathan Price · CEOclaim_d500f31263cfb87a289b99432faa95e0

Exact numeric spans精确数值片段55,80052,700

guidancecapital_allocation

“We invested CAD 254 million of project capital during the quarter, and our capital expenditure guidance remains unchanged at CAD 900 million to CAD 1.2 billion for 2026 and CAD 2.1 billion to CAD 2.4 billion over the life of the project.”

Jonathan Price · CEOclaim_0f743b4182d74652d4e21503c5f78e92

Exact numeric spans精确数值片段254 million900 million1.2 billion20262.1 billion2.4 billion

margins

“Compared with Q2 last year, gross profit before depreciation and amortization more than doubled to CAD 1.8 billion, with margins substantially higher at 65% compared with 46% a year ago.”

Crystal Prystai · CFOclaim_d3fa6fcca7166eb96d2d6d393bdc6099

Exact numeric spans精确数值片段1.8 billion65%46%

guidanceperformancesegment_changes

“Looking ahead, guidance for our Copper segment remains unchanged, and we continue to expect further growth in copper production this year to 455,000 tons-530,000 tons, from 454,000 tons last year.”

Crystal Prystai · CFOclaim_e30715ad59d2c28b82c789601ef78861

Exact numeric spans精确数值片段455,000530,000454,000

performancemargins

“Compared with Q2 last year, gross profit before depreciation and amortization increased 122% to CAD 353 million, with margins significantly higher at 39% compared with 28% previously.”

Crystal Prystai · CFOclaim_2a6e4089d523eb7123e253edf240bc61

Exact numeric spans精确数值片段122%353 million39%28%

demandrisks

“In zinc, total cash unit costs were broadly stable as the impact of lower production volumes has been largely offset by lower smelter processing charges.”

Crystal Prystai · CFOclaim_ec8d993614cddeab0f348157e245b701

performancemarginsdemand

“In copper, our adjusted EBITDA margin increased to 70% compared with 45% in the second quarter of last year, driven by stronger copper prices, higher production and sales volumes, and strong by-product credits.”

Crystal Prystai · CFOclaim_3186fc9a4cc33b81a20f8f02e002ed3e

Exact numeric spans精确数值片段70%45%

risksmanagement_commitments

“I think we have a pretty strong conviction view that this is the direction that we will go in because of that acceleration and de-risking that I mentioned.”

Jonathan Price · CEOclaim_fa45640b676e655c9b24b26af3e83f2a

marginsdemand

“We continue to focus on maximizing profitability over volumes, but there's a couple of things I would note for the second half of the year.”

Crystal Prystai · CFOclaim_234554489be1a49d7d4c478cdb6de3d4

Inspect the source receipts检查来源回执35 bound spans个已绑定片段

Each row identifies the source body, transcript segment and byte span used to verify the visible text.每行标识用于核验可见文本的来源正文、电话会片段和字节范围。

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