Teck Resources Limited
(NYSE:TECK)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include steelmaking coal; copper concentrates and refi...

Website: http://www.teck.com

Founded: 1906

Full Time Employees: 10,100

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Materials

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

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Income Statements:

Quarterly

Annual

Unit: USD	2025-10-21	2025-07-23	2025-04-23	2025-02-19	2024-10-23	2024-07-23	2024-04-24	2024-02-22	2023-10-23	2023-07-26	2023-04-25	2023-04-03	2023-02-21	2022-10-27	2022-07-28	2022-04-27	2021-10-27	2021-07-27	2021-04-28	2021-02-18	2020-10-27	2020-09-17	2020-04-21	2020-03-20	2020-02-21	2019-10-24	2019-07-25	2019-04-23	2019-02-12	2018-10-25	2018-07-25	2018-04-24	2018-03-07	2018-02-14	2017-10-26	2017-07-27	2017-04-25	2017-02-15	2016-10-27	2016-07-28	2016-04-26	2016-02-11	2015-12-31	2015-10-22	2015-09-30	2015-07-23	2015-04-21	2015-02-12	2014-12-31	2014-10-29	2014-09-30	2014-07-24	2014-06-30	2014-04-22	2014-03-31	2014-02-13	2013-12-31	2013-10-24	2013-09-30	2013-07-25	2013-06-30	2013-04-23	2013-03-31	2013-02-07	2012-10-24	2012-09-30	2012-07-25	2012-06-30	2012-04-24	2012-02-09	2011-12-31	2011-10-27	2011-09-30	2011-07-29	2011-06-30	2011-04-18	2011-02-08	2010-12-31	2010-11-04	2010-10-26	2010-09-30	2010-08-10	2010-07-28	2010-06-30	2010-04-20	2010-03-31	2010-02-04	2009-12-31	2009-11-12	2009-10-29	2009-09-30	2009-07-31	2009-07-23	2009-06-30	2009-05-04	2009-04-22	2009-02-17	2008-11-03	2008-10-23	2008-09-30	2008-05-06	2008-04-21	2007-10-29	2007-09-30	2007-08-13	2006-05-22	2006-03-31

revenue	3,385,000,000	2,023,000,000	2,290,000,000	2,786,000,000	2,858,000,000	3,873,000,000	3,988,000,000	4,108,000,000	3,599,000,000	3,519,000,000	3,785,000,000		3,140,000,000	4,669,000,000	5,787,000,000	5,032,000,000																											2,256,000,000			1,999,000,000	2,024,000,000	2,256,000,000
yoy	18.44%	-47.77%	-42.58%	-32.18%	-20.59%	10.06%	5.36%	NaN%	14.62%	-24.63%	-34.59%	NaN%																															11.46%
qoq	67.33%	-11.66%	-17.80%	-2.52%	-26.21%	-2.88%	-2.92%	14.14%	2.27%	-7.03%	NaN%	NaN%	-32.75%	-19.32%	15.00%																															-1.24%	-10.28%
cost of sales	-2,725,000,000	-1,552,000,000	-1,754,000,000	-2,244,000,000	-2,380,000,000	-2,711,000,000	-2,699,000,000	-2,872,000,000	-2,768,000,000	-2,109,000,000	-2,119,000,000		-1,986,000,000	-2,788,000,000	-2,499,000,000	-2,464,000,000	-2,308,000,000	-1,869,000,000	-1,893,000,000	-2,055,000,000	-2,000,000,000	-1,581,000,000	-1,979,000,000		-2,195,000,000	-2,248,000,000	-2,087,000,000	-2,064,000,000	-2,236,000,000	-2,200,000,000	-1,775,000,000	-1,732,000,000	-7,419,000,000	-1,923,000,000	-2,037,000,000	-1,752,000,000	-1,707,000,000	-1,980,000,000	-1,853,000,000	-1,528,000,000	-1,543,000,000	-1,854,000,000	-1,840,000,000	-1,762,000,000	-1,762,000,000	-1,688,000,000	-1,676,000,000	-1,840,000,000	-1,830,000,000	-1,838,000,000	-1,838,000,000	-1,714,000,000	-1,714,000,000	-1,679,000,000	-1,679,000,000	-1,830,000,000	-2,011,000,000	-1,927,000,000	-1,927,000,000	-1,570,000,000	-1,570,000,000	-1,629,000,000	-1,629,000,000	-2,011,000,000	-1,811,000,000	-1,811,000,000	-1,826,000,000	-1,826,000,000	-1,629,000,000	-1,760,000,000		-1,809,000,000	-1,809,000,000	-1,599,000,000	-1,599,000,000	-1,469,000,000
gross profit	660,000,000	471,000,000	536,000,000	542,000,000	478,000,000	1,162,000,000	1,289,000,000	1,236,000,000	831,000,000	1,410,000,000	1,666,000,000		1,154,000,000	1,881,000,000	3,288,000,000	2,568,000,000	1,662,000,000	689,000,000	654,000,000	505,000,000	291,000,000	139,000,000	398,000,000		460,000,000	787,000,000	1,051,000,000	1,042,000,000	1,011,000,000	1,009,000,000	1,241,000,000	1,360,000,000	4,629,000,000	1,284,000,000	1,092,000,000	1,066,000,000	1,187,000,000	1,577,000,000	452,000,000	212,000,000	155,000,000	281,000,000	416,000,000	339,000,000	339,000,000	311,000,000	348,000,000	416,000,000	546,000,000	412,000,000	412,000,000	295,000,000	295,000,000	405,000,000	405,000,000	546,000,000	719,000,000	597,000,000	597,000,000	582,000,000	582,000,000	701,000,000	701,000,000	719,000,000	694,000,000	694,000,000	735,000,000	735,000,000	918,000,000	1,212,000,000		1,571,000,000	1,571,000,000	1,197,000,000	1,197,000,000	897,000,000
yoy	38.08%	-59.47%	-58.42%	-56.15%	-42.48%	-17.59%	-22.63%	NaN%	-27.99%	-25.04%	-49.33%	NaN%	-30.57%	173.00%	402.75%	408.51%	471.13%	395.68%	64.32%		-36.74%	-82.34%	-62.13%		-54.50%	-22.00%	-15.31%	-23.38%	-78.16%	-21.42%	13.64%	27.58%	289.97%	-18.58%	141.59%	402.83%	665.81%	461.21%	8.65%	-37.46%	-54.28%	-9.65%	19.54%	-18.51%	-37.91%	-24.51%	-15.53%	41.02%	85.08%	1.73%	1.73%	-45.97%	-58.97%	-32.16%	-32.16%	-6.19%	23.54%	-14.84%	-14.84%	-19.05%	-16.14%	1.01%	-4.63%	-2.18%	-24.40%	-42.74%		-53.21%	-41.57%	1.25%		75.14%
qoq	40.13%	-12.13%	-1.11%	13.39%	-58.86%	-9.85%	4.29%	48.74%	-41.06%	-15.37%	NaN%	NaN%	-38.65%	-42.79%	28.04%	54.51%	141.22%	5.35%	29.50%	73.54%	109.35%	-65.08%			-41.55%	-25.12%	0.86%	3.07%	0.20%	-18.69%	-8.75%	-70.62%	260.51%	17.58%	2.44%	-10.19%	-24.73%	248.89%	113.21%	36.77%	-44.84%	-32.45%	22.71%	0.00%	9.00%	-10.63%	-16.35%	-23.81%	32.52%	0.00%	39.66%	0.00%	-27.16%	0.00%	-25.82%	-24.06%	20.44%	0.00%	2.58%	0.00%	-16.98%	0.00%	-2.50%	3.60%	0.00%	-5.58%	0.00%	-19.93%	-24.26%			0.00%	31.24%	0.00%	33.44%
gross margin %	19.50%	23.28%	23.41%	19.45%	16.72%	30.00%	32.32%	30.09%	23.09%	40.07%	44.02%	NaN%	36.75%	40.29%	56.82%	51.03%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	18.44%	Infinity%	Infinity%	15.56%	17.19%	18.44%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
other operating income	-50,000,000	-60,000,000	73,000,000	-142,000,000	49,000,000	-65,000,000	-188,000,000	-171,000,000	-128,000,000	-214,000,000	307,000,000		-411,000,000	-435,000,000	-373,000,000	117,000,000	-59,000,000	-71,000,000	27,000,000	-299,000,000	-127,000,000	-262,000,000	-37,000,000		-185,000,000	-107,000,000	-198,000,000	-15,000,000	-82,000,000	732,000,000	-117,000,000	-83,000,000			-61,000,000	-45,000,000	12,000,000	-98,000,000	-81,000,000	-28,000,000	10,000,000	-73,000,000	-101,000,000	-174,000,000	-174,000,000	-21,000,000	-67,000,000	-101,000,000	-80,000,000	-41,000,000	-41,000,000	-35,000,000	-35,000,000	-104,000,000	-104,000,000	-80,000,000	-54,000,000	-36,000,000	-36,000,000	-82,000,000	-82,000,000	-18,000,000	-18,000,000	-54,000,000	57,000,000	57,000,000	-107,000,000	-107,000,000	80,000,000	-117,000,000		-141,000,000	-141,000,000	96,000,000	96,000,000	-27,000,000
general and administration	-68,000,000	-69,000,000	-75,000,000	-59,000,000	-72,000,000	-87,000,000	-66,000,000	-95,000,000	-73,000,000	-82,000,000	-67,000,000		-83,000,000	-54,000,000	-50,000,000	-50,000,000	-39,000,000	-35,000,000	-41,000,000	-51,000,000	-26,000,000	-24,000,000	-31,000,000		-43,000,000	-35,000,000	-43,000,000	-40,000,000	-50,000,000	-32,000,000	-29,000,000	-31,000,000	-116,000,000	-37,000,000	-23,000,000	-24,000,000	-32,000,000	-32,000,000	-21,000,000	-21,000,000	-25,000,000	-30,000,000	-36,000,000	-29,000,000	-29,000,000	-24,000,000	-25,000,000	-36,000,000	-31,000,000	-22,000,000	-22,000,000	-30,000,000	-30,000,000	-31,000,000	-31,000,000	-31,000,000	-41,000,000	-30,000,000	-30,000,000	-34,000,000	-34,000,000	-34,000,000	-34,000,000	-41,000,000	-33,000,000	-33,000,000	-34,000,000	-34,000,000	-28,000,000	-35,000,000	-103,000,000	-28,000,000	-28,000,000	-32,000,000	-32,000,000	-15,000,000	-103,000,000	-51,000,000	-75,000,000	-75,000,000	-75,000,000	-15,000,000	-15,000,000	-15,000,000	-70,000,000	-70,000,000	-51,000,000		-57,000,000	-57,000,000	-57,000,000	-49,000,000	-49,000,000	-49,000,000	-31,000,000	-31,000,000		-15,000,000	-15,000,000	-15,000,000	-30,000,000	-30,000,000
exploration	-23,000,000	-23,000,000	-23,000,000	-24,000,000	-24,000,000	-21,000,000	-18,000,000	-35,000,000	-19,000,000	-19,000,000	-13,000,000		-27,000,000	-27,000,000	-19,000,000	-17,000,000	-18,000,000	-12,000,000	-12,000,000	-10,000,000	-12,000,000	-11,000,000	-12,000,000		-17,000,000	-20,000,000	-15,000,000	-15,000,000	-24,000,000	-18,000,000	-13,000,000	-14,000,000	-58,000,000	-20,000,000	-16,000,000	-12,000,000	-10,000,000	-14,000,000	-15,000,000	-11,000,000	-11,000,000	-21,000,000	-20,000,000	-27,000,000	-27,000,000	-15,000,000	-13,000,000	-20,000,000	-20,000,000	-14,000,000	-14,000,000	-14,000,000	-14,000,000	-12,000,000	-12,000,000	-20,000,000	-8,000,000	-27,000,000	-27,000,000	-25,000,000	-25,000,000	-14,000,000	-14,000,000	-8,000,000	-36,000,000	-36,000,000	-34,000,000	-34,000,000	-24,000,000	-33,000,000	-19,000,000	-33,000,000	-33,000,000	-23,000,000	-23,000,000	-16,000,000	-19,000,000		-12,000,000	-12,000,000	-12,000,000	-15,000,000	-15,000,000	-15,000,000	-10,000,000	-10,000,000		-45,000,000	-12,000,000	-12,000,000	-12,000,000				-11,000,000	-11,000,000		-44,000,000	-44,000,000	-44,000,000	-19,000,000	-19,000,000		-34,000,000	-25,000,000
research and innovation	-5,000,000	-7,000,000	-10,000,000	-12,000,000	-6,000,000	-23,000,000	-24,000,000	-36,000,000	-50,000,000	-40,000,000	-38,000,000		-44,000,000	-40,000,000	-34,000,000	-39,000,000	-41,000,000	-32,000,000	-25,000,000	-46,000,000	-15,000,000	-14,000,000	-22,000,000		-22,000,000
asset impairment					-1,053,000,000									-1,234,000,000									-647,000,000				-171,000,000																																																			-27,000,000									-27,000,000	-577,000,000
profit from operations	514,000,000	312,000,000	501,000,000	305,000,000	-628,000,000	966,000,000	993,000,000	899,000,000	561,000,000	1,055,000,000	1,855,000,000		589,000,000	91,000,000	2,812,000,000	2,579,000,000	1,505,000,000	539,000,000	603,000,000	-498,000,000	111,000,000	-172,000,000	-351,000,000		-1,197,000,000	601,000,000	613,000,000	962,000,000	804,000,000	1,682,000,000	1,074,000,000	1,224,000,000	4,333,000,000	1,239,000,000	977,000,000	972,000,000	1,145,000,000	1,158,000,000	303,000,000	146,000,000	118,000,000	-590,000,000	254,000,000	-2,802,000,000	-2,802,000,000	238,000,000	236,000,000	254,000,000	407,000,000	330,000,000	330,000,000	212,000,000	212,000,000	252,000,000	252,000,000	407,000,000	611,000,000	500,000,000	500,000,000	437,000,000	437,000,000	633,000,000	633,000,000	611,000,000	677,000,000	677,000,000	556,000,000	556,000,000	941,000,000	1,024,000,000		1,363,000,000	1,363,000,000	1,237,000,000	1,237,000,000	832,000,000
finance income	54,000,000	68,000,000	91,000,000	97,000,000	93,000,000	27,000,000	28,000,000	21,000,000	32,000,000	28,000,000	31,000,000		29,000,000	16,000,000	6,000,000	2,000,000	2,000,000	1,000,000	1,000,000	1,000,000	2,000,000	2,000,000	5,000,000		7,000,000	9,000,000	20,000,000	12,000,000	10,000,000	10,000,000	7,000,000	6,000,000	17,000,000	6,000,000	7,000,000	1,000,000	3,000,000	3,000,000	3,000,000	2,000,000	8,000,000	1,000,000	1,000,000	3,000,000	3,000,000		1,000,000	1,000,000	10,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	10,000,000	44,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	44,000,000	27,000,000	27,000,000	33,000,000	33,000,000	31,000,000	35,000,000		27,000,000	27,000,000	26,000,000	26,000,000	25,000,000
finance expense	-229,000,000	-233,000,000	-220,000,000	-238,000,000	-246,000,000	-280,000,000	-259,000,000	-75,000,000	-71,000,000	-67,000,000	-61,000,000		-52,000,000	-67,000,000	-52,000,000	-51,000,000	-57,000,000	-52,000,000	-52,000,000	-45,000,000	-65,000,000	-116,000,000	-52,000,000		-53,000,000	-65,000,000	-82,000,000	-66,000,000	-68,000,000	-84,000,000	-55,000,000	-45,000,000	-229,000,000	-45,000,000	-46,000,000	-59,000,000	-79,000,000	-85,000,000	-89,000,000	-84,000,000	-96,000,000	-80,000,000	-81,000,000	-79,000,000	-79,000,000	-78,000,000	-79,000,000	-81,000,000	-81,000,000	-79,000,000	-79,000,000	-75,000,000	-75,000,000	-69,000,000	-69,000,000	-81,000,000	-118,000,000	-83,000,000	-83,000,000	-87,000,000	-87,000,000	-88,000,000	-88,000,000	-118,000,000	-143,000,000	-143,000,000	-151,000,000	-151,000,000	-165,000,000	-169,000,000		-160,000,000	-160,000,000	-135,000,000	-135,000,000	-131,000,000
non-operating income	-52,000,000	-23,000,000	76,000,000	89,000,000	20,000,000	-56,000,000	-18,000,000	-153,000,000	71,000,000		27,000,000		23,000,000	-116,000,000	-100,000,000	-82,000,000	-93,000,000	-20,000,000	-51,000,000	-10,000,000	-3,000,000	34,000,000	22,000,000		8,000,000	1,000,000	-181,000,000	75,000,000	-40,000,000	12,000,000	-12,000,000	-12,000,000	-151,000,000	-25,000,000	23,000,000	-4,000,000	-145,000,000	25,000,000	131,000,000	-7,000,000	90,000,000	-21,000,000	-6,000,000	-44,000,000	-44,000,000	-2,000,000	-22,000,000	-6,000,000	40,000,000	-16,000,000	-16,000,000	14,000,000	14,000,000	-13,000,000	-13,000,000	40,000,000	-314,000,000	4,000,000	4,000,000	-37,000,000	-37,000,000	-13,000,000	-13,000,000	-314,000,000	-179,000,000	-179,000,000	-8,000,000	-8,000,000	-347,000,000	81,000,000		82,000,000	82,000,000	19,000,000	19,000,000	15,000,000
share of profit of joint venture and associate	2,000,000
profit from continuing operations before taxes	289,000,000	125,000,000	450,000,000	256,000,000	-759,000,000	658,000,000	741,000,000	694,000,000	589,000,000	805,000,000	1,856,000,000		594,000,000
provision for income taxes from continuing operations	-156,000,000	-24,000,000			-87,000,000	-273,000,000	-309,000,000	-298,000,000
profit from continuing operations	133,000,000	101,000,000		244,000,000									257,000,000
profit from discontinued operations				14,000,000	54,000,000						-26,000,000		19,000,000
profit for the period	133,000,000	101,000,000	313,000,000	258,000,000	-792,000,000	385,000,000	432,000,000	396,000,000	268,000,000	469,000,000	1,175,000,000		276,000,000	-222,000,000	1,686,000,000	1,558,000,000	840,000,000	260,000,000	292,000,000	-473,000,000	25,000,000	-185,000,000	-311,000,000		-911,000,000	373,000,000	250,000,000	644,000,000	445,000,000	1,290,000,000	644,000,000	766,000,000		768,000,000	607,000,000	583,000,000	580,000,000	705,000,000	229,000,000	12,000,000	95,000,000	-469,000,000	135,000,000	-2,155,000,000	-2,155,000,000	68,000,000	72,000,000	135,000,000	243,000,000	85,000,000	85,000,000	85,000,000	85,000,000	77,000,000	77,000,000	243,000,000	156,000,000	276,000,000	276,000,000	162,000,000	162,000,000	329,000,000	329,000,000	156,000,000	191,000,000	191,000,000	282,000,000	282,000,000	241,000,000			839,000,000	839,000,000	783,000,000	783,000,000	487,000,000
profit from continuing operations attributable to:
shareholders of the company	281,000,000	206,000,000	370,000,000	385,000,000	-748,000,000	363,000,000	343,000,000	483,000,000	276,000,000	510,000,000	1,166,000,000		247,000,000	-195,000,000	1,675,000,000	1,571,000,000	816,000,000	260,000,000	305,000,000	-464,000,000	61,000,000	-149,000,000	-312,000,000		-891,000,000	369,000,000	231,000,000	630,000,000	433,000,000	1,281,000,000	634,000,000	759,000,000	2,509,000,000	760,000,000	600,000,000	577,000,000	572,000,000	697,000,000	234,000,000	15,000,000	94,000,000	-459,000,000	129,000,000	-2,146,000,000	-2,146,000,000	63,000,000	68,000,000	129,000,000	232,000,000	84,000,000	84,000,000	80,000,000	80,000,000	69,000,000	69,000,000	232,000,000	145,000,000	267,000,000	267,000,000	143,000,000	143,000,000	319,000,000	319,000,000	145,000,000	180,000,000	180,000,000	268,000,000	268,000,000	218,000,000	637,000,000	361,000,000	814,000,000	814,000,000	756,000,000	756,000,000	461,000,000	361,000,000		331,000,000	331,000,000	331,000,000	260,000,000	260,000,000	260,000,000	908,000,000	908,000,000
non-controlling interests	-148,000,000	-105,000,000	-57,000,000	-141,000,000	-98,000,000	22,000,000	89,000,000	-87,000,000	-8,000,000	-41,000,000	35,000,000		10,000,000	-27,000,000	11,000,000	-13,000,000	24,000,000		-13,000,000	-9,000,000	-36,000,000	-36,000,000	1,000,000		-20,000,000	4,000,000	19,000,000	14,000,000	12,000,000	9,000,000	10,000,000	7,000,000	29,000,000	8,000,000	7,000,000	6,000,000	8,000,000	8,000,000	-5,000,000	-3,000,000	1,000,000	-10,000,000	6,000,000	-9,000,000	-9,000,000	5,000,000	4,000,000	6,000,000	11,000,000	1,000,000	1,000,000	5,000,000	5,000,000	8,000,000	8,000,000	11,000,000	11,000,000	9,000,000	9,000,000	19,000,000	19,000,000	10,000,000	10,000,000	11,000,000	11,000,000	11,000,000	14,000,000	14,000,000	23,000,000	22,000,000	36,000,000	25,000,000	25,000,000	27,000,000	27,000,000	26,000,000	36,000,000	-26,000,000	24,000,000	24,000,000	24,000,000	26,000,000	26,000,000	26,000,000	29,000,000	29,000,000	-26,000,000		-19,000,000	-19,000,000	-19,000,000	-13,000,000	-13,000,000	-13,000,000	-11,000,000	-11,000,000
profit attributable to:
earnings per share from continuing operations
basic	0.58	0.42	0.74	0.75	-1.45	0.7	0.66	0.93	0.53	0.98	2.27		0.48	-0.37	3.12	2.93	1.53	0.49	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.11	0.75	2.23	1.1	1.32	4.34	1.32	1.04	1	0.99	1.21	0.41	0.03	0.16	-0.8	0.23	-3.73	-3.73	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08	0.61	1.38	1.38	1.28	1.28	0.78	0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.54	1.54	0.7	-1.28	1.07	1.07	1.07	1.17	1.17	1.17	0.5	0.5		0.95	0.95	0.95	0.78	0.78		1.15	1.14
diluted	0.57	0.41	0.73	0.75	-1.45	0.69	0.65	0.92	0.52	0.97	2.23		0.47	-0.37	3.07	2.87	1.51	0.48	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.1	0.75	2.2	1.09	1.3	4.28	1.3	1.02	0.98	0.97	1.19	0.4	0.03	0.16	-0.8	0.23	-3.72	-3.72	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08		1.37	1.37	1.28	1.28	0.78
earnings per share from discontinued operations
earnings per share																																																																																																	0.95
weighted-average shares outstanding	488.4	495.3	503.3	510.2	517.4	518.8	517.7	519.6	519.8	517.8	514.1		512.6	522.4	536.4	535.8	532.5	532	531.3	531.1	531	531	544.4		551.7	556.7	563.2	567.7	573.3	574.7	573.9	573.7	577.5	577	578	577.7	577.2	576.6	576.4	576.3	576.3	576.2	576.1	576.2	576.2	576.2	576.2	576.1	576.2	576.1	576.1	576.2	576.2	576.3	576.3	576.2	584.1	576.2	576.2	578.7	578.7	582.1	582.1	584.1	586	586	585.9	585.9	586	589.4	589.9	590.8	590.8	590.8	590.8	590.7	589.9	588.8	589.5	589.5	589.5	589.4	589.4	589.4	589.2	589.2	588.8	474.8	572	572	572	487.1	487.1	487.1	486.9	486.9		447	447	447	442	442		428	425.3	203.5	203.5
weighted-average diluted shares outstanding	489.8	496.8	505.3	512.4	519.8	523.8	524.1	526.4	527.1	525.6	522.3		520.9	522.4	545.9	546.9	540.3	539.6	538.4	531.1	534.6	531	544.4		551.7	561.9	569.6	574.4	580.1	582.3	582.6
shares outstanding at end of period	488.1	490.6	500.3	506.3	513.7	519.6	518	517.3	520	519.7	514.7		513.7	512.2	529.5	539.6	533	532.4	531.6	531.1	531.1	531	531		547.3	554.1	560.7	565.4	570.7	574.9	574.6	573.6		573.3	578.3	577.8	577.6	576.9	576.4	576.3	576.3	576.3	576.1	576.2	576.2	576.2	576.2	576.1	576.3	576.1	576.1	576.1	576.1	576.3	576.3	576.3	582.3	576.2	576.2	576.2	576.2	581.5	581.5	582.3	586	586	586	586	585.9	586.6	590.6	590.8	590.8	590.8	590.8	590.8	590.6	589.1	589.6	589.6	589.6	589.5	589.5	589.5	589.4	589.4	589.1		588.7	588.7	588.7	487.1	487.1	487.1	486.9	486.9		449.4	449.4	449.4	442.2	442.2		441.8	419.3	203.8	203.8
share of profit of joint venture		1,000,000	2,000,000	3,000,000	2,000,000	1,000,000	-3,000,000	2,000,000
recovery of (provision for) income taxes from continuing operations			-137,000,000	-12,000,000
profit from continuing operations for the period			313,000,000			385,000,000	432,000,000	396,000,000	268,000,000	469,000,000	1,201,000,000		257,000,000
loss from continuing operations for the period					-846,000,000
loss from discontinued operations
earnings per share from discontinued operations
basic and diluted											-0.05		0.04
loss per share from discontinued operations
basic and diluted
share of profit of associates and joint ventures									-4,000,000		4,000,000		5,000,000		-3,000,000	2,000,000
provision for income taxes									-321,000,000	-336,000,000	-655,000,000		-337,000,000	-146,000,000	-977,000,000	-892,000,000										-171,000,000	-120,000,000	-339,000,000	-261,000,000	-329,000,000	-368,000,000	-407,000,000	-1,438,000,000	-408,000,000	-355,000,000	-330,000,000	-345,000,000			-47,000,000	-26,000,000					-90,000,000	-63,000,000	-32,000,000
non-operating expense										-211,000,000
cost of sales as reported												4,042,000,000
less:
transportation												36,000,000
depreciation and amortization																																																																							-234,000,000						-234,000,000	-258,000,000	-223,000,000	-223,000,000	-223,000,000	-244,000,000	-244,000,000	-244,000,000	-239,000,000	-239,000,000	-258,000,000	-170,000,000	-275,000,000	-275,000,000	-275,000,000	-205,000,000	-205,000,000	-205,000,000	-199,000,000	-199,000,000		-130,000,000	-130,000,000	-130,000,000	-108,000,000	-108,000,000		-93,000,000	-68,000,000
inventory provision (write-down) reversal
labour settlement
elkview shutdown												1,000,000
adjusted site cost of sales												2,013,000,000
tonnes sold												22,200,000
per unit amounts – cad/tonne
transportation costs												47,000,000
unit costs – cad/tonne												139,000,000
us amounts												1,300,000
average exchange rate
per unit amounts – us/tonne
unit costs – us/tonne												106,000,000
other operating expenses
other operating expense																																	-230,000,000	-136,000,000
foreign exchange gain
remeasurement of royalty
profit before taxes														-76,000,000	2,663,000,000	2,450,000,000	1,354,000,000	469,000,000	501,000,000	-549,000,000	44,000,000	-251,000,000	-380,000,000		-1,236,000,000	544,000,000	370,000,000	983,000,000	706,000,000	1,619,000,000	1,012,000,000	1,173,000,000	3,976,000,000	1,176,000,000	962,000,000	913,000,000	925,000,000	1,100,000,000	348,000,000	59,000,000	121,000,000
recovery of (provision for) income taxes																	-514,000,000	-209,000,000	-209,000,000	76,000,000	-19,000,000	66,000,000	69,000,000		325,000,000													-395,000,000	-119,000,000			222,000,000		767,000,000
earnings per share																																																																																																	0.95
basic	0.58	0.42	0.74	0.75	-1.45	0.7	0.66	0.93	0.53	0.98	2.27		0.48	-0.37	3.12	2.93	1.53	0.49	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.11	0.75	2.23	1.1	1.32	4.34	1.32	1.04	1	0.99	1.21	0.41	0.03	0.16	-0.8	0.23	-3.73	-3.73	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08	0.61	1.38	1.38	1.28	1.28	0.78	0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.54	1.54	0.7	-1.28	1.07	1.07	1.07	1.17	1.17	1.17	0.5	0.5		0.95	0.95	0.95	0.78	0.78		1.15	1.14
diluted	0.57	0.41	0.73	0.75	-1.45	0.69	0.65	0.92	0.52	0.97	2.23		0.47	-0.37	3.07	2.87	1.51	0.48	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.1	0.75	2.2	1.09	1.3	4.28	1.3	1.02	0.98	0.97	1.19	0.4	0.03	0.16	-0.8	0.23	-3.72	-3.72	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08		1.37	1.37	1.28	1.28	0.78
shares outstanding at end of year																																	573.3
impairment reversal																													-41,000,000
share of loss of associates and joint ventures																	-3,000,000				-1,000,000		-4,000,000		-1,000,000	-2,000,000
revenues																	3,970,000,000	2,558,000,000	2,547,000,000	2,560,000,000	2,291,000,000	1,720,000,000	2,377,000,000		2,655,000,000	3,035,000,000	3,138,000,000	3,106,000,000	3,247,000,000	3,209,000,000	3,016,000,000	3,092,000,000	12,048,000,000	3,207,000,000	3,129,000,000	2,818,000,000	2,894,000,000	3,557,000,000	2,305,000,000	1,740,000,000	1,698,000,000	2,135,000,000		2,101,000,000	2,101,000,000				2,376,000,000	2,250,000,000	2,250,000,000	2,009,000,000	2,009,000,000	2,084,000,000	2,084,000,000	2,376,000,000	2,730,000,000	2,524,000,000	2,524,000,000	2,152,000,000	2,152,000,000	2,330,000,000	2,330,000,000	2,730,000,000	2,505,000,000	2,505,000,000	2,561,000,000	2,561,000,000	2,547,000,000	2,972,000,000	2,809,000,000	3,380,000,000	3,380,000,000	2,796,000,000	2,796,000,000	2,366,000,000	2,809,000,000	2,167,000,000	2,520,000,000	2,520,000,000	2,520,000,000	2,110,000,000	2,110,000,000	2,110,000,000	1,900,000,000	1,900,000,000	2,167,000,000	1,663,000,000	2,131,000,000	2,131,000,000	2,131,000,000	1,707,000,000	1,707,000,000	1,707,000,000	1,708,000,000	1,708,000,000	1,800,000,000	1,800,000,000	1,800,000,000	1,800,000,000	1,571,000,000	1,571,000,000		1,932,000,000	1,561,000,000	1,273,000,000	1,273,000,000
share of gain of associates and joint ventures																		1,000,000		3,000,000		1,000,000
asset impairments																				-597,000,000					-1,390,000,000													-268,000,000	-26,000,000			-736,000,000		-2,895,000,000	-2,895,000,000
mayank m. ashar, 64
calgary, alberta, canada
independent
director since: 2007
other public company directorships:
none
2019 agm voting results
for:																								1,053,259,367
withheld:																								3,758,280
securities held
class a
0																								70,000
quan chong, 67
beijing, china
director since: 2016
edward c. dowling, 64
denver, colorado, u.s.a.
director since: 2012
alacer gold corp.
polyus public joint stock company
eiichi fukuda, 56
vancouver, b.c., canada
toru higo, 58
tokyo, japan
director since: 2019
2019 agm voting results: n/a
norman b. keevil, iii, 56
victoria, b.c., canada
not independent
director since: 1997
lupaka gold corp.
donald r. lindsay, 61
director since: 2005
manulife financial corporation
tracey l. mcvicar, 51
director since: 2014
sheila a. murray, 64
toronto, ontario, canada
director since: 2018
ci financial corp.
granite reit
kenneth w. pickering, 72
chemainus, b.c., canada
santiago, chile
endeavour silver corporation
northern dynasty minerals ltd.
taseko mines limited
una m. power, 55
director since: 2017
bank of nova scotia
tc energy corporation
timothy r. snider, 69
tucson, arizona, united states
director since: 2015
iamgold corporation
total class a common shares
aggregate value of class a common shares
total class b subordinate voting shares
aggregate value of class b subordinate voting shares
the main objective of our director compensation program is to attract and retain directors with a broad range of relevant skills and knowledge and the ability to carry out the board’s mandate successfully. directors are required to devote significant time and energy to the performance of their duties, including preparing for and attending board and committee meetings and ensuring that they stay informed about our business and the global mining industry. the board believes that we must offer a competitive compensation package in order to attract and retain directors who meet these expectations.
component
cash retainer
non-executive director
chair
vice chair
committee chair – audit
committee chair – compensation
other committee chair
committee member
share-based retainer
additional fees
travel fee
qb2 sub-committee meeting fee
name
m.m. ashar																								2,007
d.s. barton
q. chong																								2,016
l.l. dottori-attanasio																								2,014
e.c. dowling																								2,012
e. fukuda																								2,016
t. higo																								2,019
n.b. keevil, iii																								1,997
t. kubota
t.l. mcvicar																								2,014
s.a. murray																								2,018
k.w. pickering																								2,015
u.m. power																								2,017
t.r. snider																								2,015
report of the audit committee
members
members’ qualifications
meetings in 2019
key responsibilities
key activities in 2019
report of the reserves committee
report of the corporate governance & nominating committee
member qualifications
the governance committee welcomes input from shareholders on governance matters. email: [email protected].
report of the compensation, talent & technology committee
report of the safety & sustainability committee
for information on our sustainability strategy, please see our most recent sustainability report, which is available on our website.
governance topic
dual class share structure
read more about our dual class share structure on page 33
director independence
meetings of independent directors
independent chair
read more about director independence on page 31 and about our chair selection process on page 34
position descriptions
the position description for the independent chair of the board and other governance related documents are available on teck’s website at www.teck.com/corporate-governance
ceo position description
director nominations
board renewal
read more about board renewal on page 34
majority voting
diversity - board
diversity - executives
read more about diversity on page 36
mandatory shareholdings
read more about mandatory shareholdings for directors on page 20 and for executives on page 58
board evaluations
shareholder engagement
read more about shareholder engagement on page 39
director orientation
continuing education
read more about director education on page 38
director compensation
read more about director compensation beginning on page 16
board interlocks
over-boarding policy
code of ethics
conflicts of interest
ethical business culture
claw-back policy
read more about teck’s clawback policy on page 50
anti hedging policy
social and environmental policies
area of expertise
corporate governance sophisticated understanding of corporate governance practices and stakeholder engagement
strategic planning executive or board experience in strategy development, execution, analysis, and or oversight
international business executive or board experience with entities operating in multiple jurisdictions with diverse political, cultural, regulatory, and business environments
mining executive or board experience at a major public or private mining company with operating and mineral processing experience
oil & gas experience with oil and gas development and operations, including production and marketing
transactions & projects experience with acquisitions, divestitures, joint ventures, m&a transactions, or large scale project execution
commodities business executive or board experience in a commodities-based business, including marketing and logistics
human resources & compensation direct experience in compensation practices, talent management and retention, and succession planning
finance & financial reporting technical expertise on financial statements and reporting matters, critical accounting policies, issues related to internal and external audits, and internal controls
environment & sustainability direct experience with environmental, health, community relations, and/or safety policy, practices and management
legal experience as a lawyer either in private practice or in-house with a publicly listed company or other large organization
risk management experience identifying, assessing, managing, and reporting on corporate risk
technology experience with technology development or application, which may include emerging technologies, information technology systems and/or cyber security
years on teck board																								12
age																								64
presented by
management
mckinsey
queen’s university
university of arizona
harvard president’s university
blakes’ business class
institute of corporate directors
national association of corporate directors
bank of america merrill lynch, bmo, pdac, globe
various
feedback on our governance policies and practices is welcome and may be sent to: [email protected] or [email protected]
leading practice
advisory vote on executive compensation
•																								81
compensation philosophy
compensation mix
clawback policy
share ownership guidelines
anti-hedging policy
performance based equity
disciplined bonus plan
business unit
base metal sites																								113
coal sites																								115
all operations																								114
functional groups																								114
meridian																								85,765
agnico eagle mines limited																								7.9
alcoa corporation																								15.9
anglo american plc																								52.2
barrick gold corporation																								22.6
cameco corporation																								5.9
canadian natural resources limited																								52.4
cleveland-cliffs inc.																								3.5
first quantum minerals ltd.																								23.5
freeport mcmoran inc.																								42.2
goldcorp inc.																								17
kinross gold corporation																								8.1
the mosaic company																								20.1
newmont mining corporation																								20.7
nutrien ltd.																								45.5
suncor energy inc.																								65.6
teck resources limited																								29
teck percentile positioning																								67
compensation component
base salary
annual incentive bonus
long-term incentives: stock options and performance linked
share units
leading indicators
lagging indicators
ceo																								125
svp, finance & cfo svp, commercial and legal affairs																								80
svp, corporate development svp, sustainability and external affairs																								70
svp, finance & cfo
svp, commercial & legal affairs
svp, corporate development
svp, sustainability & external affairs
named executive officer
d. r. lindsay
president and ceo
r. a. millos
svp, finance and cfo
p. c. rozee svp, commercial and legal affairs																								399,513
a.j. golding																								70,000
m.m. smith, svp, sustainability and external affairs
change in ebitda / change in commodity price index
<0.75
0.75-1.25
1.25 or more
d.r. lindsay																								403,976
r.a. millos																								7,726
p.c. rozee																								31,418
m.m. smith																								1,500
name and principal position
d.r. lindsay president and ceo																								1,644,300
r. a. millos svp, finance and cfo																								701,250
p.c. rozee svp, commercial and legal affairs																								701,250
a.j. golding svp, corporate development																								665,000
m.m. smith svp, sustainability & external affairs																								665,000
compensation fair value
grant date fair value																								41.5
share price volatility																								50
dividend yield																								2.1
expected life																								6.5
risk-free rate																								2.1
option value																								15.69
see pensions section on page 64 for details.
perquisites provided to the neos do not reach the prescribed disclosure threshold of the lesser of 50,000 and 10% of total salary for the financial year.
year
2015																								5,953,000
2016																								5,060,000
2017																								5,947,800
2018																								5,941,000
2019																								5,142,600
includes actual base salary and bonus, pension, other compensation, and grant date fair value of long term incentive compensation.
dividends are assumed to be reinvested at relevant dividend payment dates.
d. r. lindsay president and ceo																								58.8
m. m. smith svp, sustainability & external affairs																								109,819
includes share units credited as dividend equivalents.
the amount represents the aggregate dollar value that would have been realized if the options had been exercised on the vesting date, based on the difference between the closing price of the class b subordinate voting shares on the tsx and the exercise price on such vesting date.
grant date
comp. element
salary
stock options
pension, benefits & perquisites
includes treatment in the event of resignation for good reason, as defined above.
unvested options awarded in the 12-month period prior to retirement are forfeited.
see "stock option plans" on schedule b for description of "early retirement" and "normal retirement".
the executive retirement agreement with the ceo described on page 66 specifies that the projected pension is payable at the normal retirement date if the ceo is at least age 55 at the date of termination of employment without cause.
p. c. rozee
m. m. smith
includes treatment in the event of resignation for good reason, as defined above, within 12 months of a change of control.
plan category
equity compensation plans approved by shareholders																								1,759,503
equity compensation plans not approved by shareholders
total																								1,759,503
2010 plan																								0.36
annual burn rate is expressed as a percentage and is calculated by dividing the number of securities granted under the specific plan during the applicable fiscal year by the weighted-average number of securities outstanding for the applicable fiscal year.
by order of the board of directors
“amanda robinson”
amanda robinson corporate secretary
a.
1.
2.
3.
4.
5.
6.
b.
7.
8.
9.
10.
total initially reserved for issuance under 2001 plan																								18,000,000
reserved under options that have been granted																								699,729
available for future grants																								1,759,503
total reserved for issuance under 2010 plan																								28,000,000
reason for termination
death
retirement
resignation
cause
any other reason
plan
dsu
psu
pdsu
rsu
dsu plan																								2,462,946
rsu plan																								891,984
psu plan																								741,038
pdsu plan																								177,132
signature of shareholder
☐
- - - -
signature of beneficial shareholder
financial statements election notice
to:
po box 700
station b
montreal, qc h3b 3k3
canada
fax: 1-888-249-6189 or 1-514-985-8843
electronically:
https://ca.astfinancial.com/investorservices/edelivery
➢
when:
tuesday, april 21, 2020
12:00 p.m.
1)
2)
3)
4)
5)
6)
have questions about notice-and-access or want to obtain free paper copies? registered shareholders: email: [email protected] phone: 1 888 433 6443 non-registered shareholders: phone: 1 855 887 2244 not sure if you’re a registered shareholder? see page 7 for more information.
by order of the board of directors,
corporate secretary and legal counsel
research and development																										-24,000,000	-11,000,000	-10,000,000	-10,000,000	-9,000,000	-8,000,000	-8,000,000	-55,000,000	-15,000,000	-15,000,000	-13,000,000	-12,000,000	-7,000,000	-6,000,000	-6,000,000	-11,000,000	-11,000,000	-5,000,000	-16,000,000	-16,000,000	-13,000,000	-7,000,000	-5,000,000	-8,000,000	-5,000,000	-5,000,000	-4,000,000	-4,000,000	-6,000,000	-6,000,000	-8,000,000	-5,000,000	-4,000,000	-4,000,000	-4,000,000	-4,000,000	-2,000,000	-2,000,000	-5,000,000	-5,000,000	-5,000,000	-4,000,000	-4,000,000	-5,000,000	-3,000,000	-8,000,000	-6,000,000	-6,000,000	-1,000,000	-1,000,000	-7,000,000	-8,000,000		-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000											-6,000,000	-6,000,000								-7,000,000
share of income of associates and joint ventures																														-1,000,000	-2,000,000		6,000,000	1,000,000	1,000,000
impairment reversal and																																	163,000,000	163,000,000
profit for the year																																	2,538,000,000
share of income (losses) of associates and joint ventures																																				3,000,000	1,000,000	-1,000,000		2,000,000	1,000,000
share of losses of associates and joint ventures																																										-1,000,000					-1,000,000
profit before tax																																										-691,000,000	167,000,000	-2,922,000,000	-2,922,000,000	158,000,000	135,000,000	167,000,000	377,000,000	236,000,000	236,000,000	151,000,000	151,000,000	170,000,000	170,000,000	377,000,000	222,000,000	420,000,000	420,000,000	314,000,000	314,000,000	532,000,000	532,000,000	222,000,000	377,000,000	377,000,000	429,000,000	429,000,000	457,000,000	970,000,000		1,309,000,000	1,309,000,000	1,149,000,000	1,149,000,000	738,000,000
share of (losses) income of associates and joint ventures																																											-1,000,000					-1,000,000
benefit from income taxes																																											-32,000,000
recovery of income taxes																																													767,000,000
share of (losses) income of associates																																																	1,000,000							1,000,000
benefit from income and resource taxes																																																	-134,000,000		-151,000,000		-66,000,000		-93,000,000		-66,000,000		-144,000,000		-152,000,000		-203,000,000			-186,000,000		-147,000,000			-309,000,000		-470,000,000		-366,000,000						-222,000,000			-198,000,000		-203,000,000					-180,000,000			-175,000,000						-233,000,000
share of losses of associates																																																				-1,000,000	-1,000,000	-1,000,000	-1,000,000		-1,000,000	-2,000,000	-2,000,000			-1,000,000	-1,000,000	-1,000,000	-5,000,000	-5,000,000			-3,000,000	-1,000,000		-3,000,000	-3,000,000			-3,000,000
provision for income and resource taxes																																																		-151,000,000		-66,000,000		-93,000,000		-134,000,000		-144,000,000		-152,000,000		-203,000,000		-66,000,000	-186,000,000		-147,000,000		-216,000,000	-311,000,000		-470,000,000		-366,000,000		-251,000,000	-309,000,000		-222,000,000	-222,000,000		-198,000,000	-198,000,000		-203,000,000				-180,000,000	-180,000,000		-175,000,000	-175,000,000		-141,000,000	-141,000,000		-233,000,000	-233,000,000		-174,000,000	-174,000,000		-275,000,000	-251,000,000
share of profit (losses) of associates																																																																			-1,000,000	-1,000,000						2,000,000	2,000,000
profit																																																																						659,000,000		839,000,000	839,000,000	783,000,000	783,000,000
operating expenses																																																																							-1,371,000,000						-1,371,000,000	-1,132,000,000	-1,292,000,000	-1,292,000,000	-1,292,000,000	-1,125,000,000	-1,125,000,000	-1,125,000,000	-1,056,000,000	-1,056,000,000	-1,132,000,000	-1,291,000,000	-1,162,000,000	-1,162,000,000	-1,162,000,000	-866,000,000	-866,000,000	-866,000,000	-873,000,000	-873,000,000		-983,000,000	-983,000,000	-983,000,000	-849,000,000	-849,000,000		-945,000,000	-729,000,000
operating profit																																																																							1,204,000,000						1,204,000,000	777,000,000	1,005,000,000	1,005,000,000	1,005,000,000	741,000,000	741,000,000	741,000,000	605,000,000	605,000,000	777,000,000	202,000,000	694,000,000	694,000,000	694,000,000	636,000,000	636,000,000	636,000,000	636,000,000	636,000,000	687,000,000	687,000,000	687,000,000	687,000,000	614,000,000	614,000,000		894,000,000	764,000,000	624,000,000	624,000,000
yoy																																																																													19.80%	4.86%	35.63%	35.63%	66.12%	22.48%	-4.63%	266.83%	-12.82%	-12.82%	11.96%	-68.24%	9.12%	9.12%	9.12%	0.00%	-7.42%	-7.42%	-7.42%	-7.42%	11.89%	11.89%		-23.15%	-19.63%	-1.60%
qoq																																																																													54.95%	-22.69%	0.00%	0.00%	35.63%	0.00%	0.00%	22.48%	0.00%	-22.14%	284.65%	-70.89%	0.00%	0.00%	9.12%	0.00%	0.00%	0.00%	0.00%	-7.42%	0.00%	0.00%	0.00%	11.89%	0.00%			17.02%	22.44%	0.00%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	NaN%	NaN%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%
other incomes
interest and financing																																																																							-126,000,000						-126,000,000	-174,000,000	-136,000,000	-136,000,000	-136,000,000	-142,000,000	-142,000,000	-142,000,000	-161,000,000	-161,000,000	-174,000,000	-128,000,000	-172,000,000	-172,000,000	-172,000,000	-172,000,000	-172,000,000	-172,000,000	-137,000,000	-137,000,000
other income																																																																							-238,000,000						-238,000,000	167,000,000	-201,000,000	-201,000,000	-201,000,000	-80,000,000	-80,000,000	-80,000,000	784,000,000	784,000,000	167,000,000	-27,000,000	393,000,000	393,000,000	393,000,000	323,000,000	323,000,000	323,000,000	-69,000,000	-69,000,000		25,000,000	25,000,000	25,000,000				-11,000,000	55,000,000	120,000,000	120,000,000
earnings before the undernoted items																																																																							710,000,000						710,000,000	689,000,000	578,000,000	578,000,000	578,000,000	486,000,000	486,000,000	486,000,000	1,141,000,000	1,141,000,000	689,000,000	-580,000,000	842,000,000	842,000,000	842,000,000	726,000,000	726,000,000	726,000,000	382,000,000	382,000,000		630,000,000	630,000,000	630,000,000	535,000,000	535,000,000
equity loss																																																																							-4,000,000						-4,000,000		-1,000,000	-1,000,000	-1,000,000	-2,000,000	-2,000,000	-2,000,000
earnings from continuing operations																																																																							397,000,000						397,000,000		355,000,000	355,000,000	355,000,000	286,000,000	286,000,000	286,000,000	937,000,000	937,000,000
earnings from discontinued operations
earnings																																																																							397,000,000						397,000,000		355,000,000	355,000,000	355,000,000	286,000,000	286,000,000	286,000,000	937,000,000	937,000,000
attributable to:
earnings per share																																																																																																	0.95
basic	0.58	0.42	0.74	0.75	-1.45	0.7	0.66	0.93	0.53	0.98	2.27		0.48	-0.37	3.12	2.93	1.53	0.49	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.11	0.75	2.23	1.1	1.32	4.34	1.32	1.04	1	0.99	1.21	0.41	0.03	0.16	-0.8	0.23	-3.73	-3.73	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08	0.61	1.38	1.38	1.28	1.28	0.78	0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.54	1.54	0.7	-1.28	1.07	1.07	1.07	1.17	1.17	1.17	0.5	0.5		0.95	0.95	0.95	0.78	0.78		1.15	1.14
basic from continuing operations																																																																							0.61						0.61	0.71	0.56	0.56	0.56	0.44	0.44	0.44	1.54	1.54	0.71	-1.27	1.02	1.02	1.02	1.07	1.07	1.07	0.47	0.47		0.97	0.97	0.97	0.78	0.78		1.16	1.13
diluted																																																																							0.61						0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.53	1.53	0.7	-1.28	1.06	1.06	1.06	1.17	1.17	1.17	0.5	0.5		0.95	0.95	0.95	0.78	0.78		1.14	1.13
diluted from continuing operations																																																																							0.61						0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.53	1.53	0.7	-1.27	1.02	1.02	1.02	1.07	1.07	1.07	0.47	0.47		0.96	0.96	0.96	0.77	0.77		1.15	1.12
other expenses
recovery (provision) for income and resource taxes																																																																														-199,000,000									-199,000,000	78,000,000
equity earnings																																																																														-48,000,000									-48,000,000	-100,000,000	-60,000,000	-60,000,000	-60,000,000	-17,000,000	-17,000,000	-17,000,000	-1,000,000	-1,000,000		58,000,000	58,000,000	58,000,000	9,000,000	9,000,000
net earnings from continuing operations																																																																														416,000,000									416,000,000	-602,000,000	583,000,000	583,000,000	583,000,000	521,000,000	521,000,000	521,000,000	229,000,000	229,000,000		432,000,000	432,000,000	432,000,000	343,000,000	343,000,000		495,000,000	480,000,000
net earnings from discontinued operations																																																																																									26,000,000	26,000,000	26,000,000	49,000,000	49,000,000	49,000,000	12,000,000	12,000,000					2,000,000	2,000,000		-5,000,000
net earnings																																																																														411,000,000									411,000,000	-607,000,000	609,000,000	609,000,000	609,000,000	570,000,000	570,000,000	570,000,000	241,000,000	241,000,000	424,000,000	424,000,000	424,000,000	424,000,000	345,000,000	345,000,000		490,000,000	485,000,000	448,000,000	448,000,000
yoy																																																																																							-32.51%	-206.49%	6.84%	6.84%	152.70%	136.51%	34.43%	34.43%	-43.16%	-43.16%	22.90%	22.90%		-13.47%	-28.87%	-22.99%
qoq																																																																																							-167.71%	-199.67%	0.00%	0.00%	6.84%	0.00%	0.00%	136.51%	0.00%	-43.16%	0.00%	0.00%	0.00%	22.90%	0.00%			1.03%	8.26%	0.00%
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	NaN%	NaN%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%
net income from discontinued operations
q4
ebitda																																																																																																	808,000,000
cash flow from operations																																																																																																	873
net loss from discontinued operations
basic	0.58	0.42	0.74	0.75	-1.45	0.7	0.66	0.93	0.53	0.98	2.27		0.48	-0.37	3.12	2.93	1.53	0.49	0.57	-0.87	0.11	-0.28	-0.57		-1.62	0.66	0.41	1.11	0.75	2.23	1.1	1.32	4.34	1.32	1.04	1	0.99	1.21	0.41	0.03	0.16	-0.8	0.23	-3.73	-3.73	0.11	0.12	0.23	0.4	0.14	0.14	0.14	0.14	0.12	0.12	0.4	0.25	0.46	0.46	0.25	0.25	0.55	0.55	0.25	0.31	0.31	0.46	0.46	0.37	1.08	0.61	1.38	1.38	1.28	1.28	0.78	0.61	0.7	0.56	0.56	0.56	0.44	0.44	0.44	1.54	1.54	0.7	-1.28	1.07	1.07	1.07	1.17	1.17	1.17	0.5	0.5		0.95	0.95	0.95	0.78	0.78		1.15	1.14
interest on long-term debt																																																																																																		-17,000,000	-17,000,000	-17,000,000	-20,000,000	-20,000,000		-21,000,000	-21,000,000
asset impairment charge
minority interests																																																																																																		-23,000,000	-23,000,000	-23,000,000	-27,000,000	-27,000,000		-18,000,000
net loss from discontinued operations
basic pro forma earnings per share computation
numerator
pro forma net earnings from continuing operations																																																																																																							2,398
less interest on convertible debentures, net of taxes																																																																																																							-3
pro forma net earnings from discontinued operation																																																																																																							36
pro forma net earnings available to shareholders																																																																																																							2,431
denominator
teck weighted-average shares outstanding																																																																																																							421,156
shares issued to aur shareholders																																																																																																							21,972
pro forma weighted-average shares outstanding																																																																																																							443,128
basic pro forma earnings per share																																																																																																							5.49
basic pro forma earnings per share from continuing operations																																																																																																							5.4
diluted pro forma earnings per share computation
pro forma net earnings available to shareholders, assuming dilution																																																																																																							2,434
pro forma net earnings available to shareholders from continuing operations, assuming dilution																																																																																																							2,398
dilutive effect of securities for teck
share options																																																																																																							3,318
convertible debentures																																																																																																							9,574
diluted pro forma earnings per share																																																																																																							5.34
diluted pro forma earnings per share from continuing operations																																																																																																							5.26
general and administrative																																																																																																								-33,000,000	-34,000,000
earnings before income taxes and minority interests																																																																																																								788,000,000
net earnings from discontinued operation																																																																																																									5,000,000
the accompanying notes are an integral part of these financial statements. see note 9(e) for additional information on share split.
earnings before income and resource taxes																																																																																																										681,000,000	681,000,000
basic earnings per share																																																																																																										2.19	2.19
diluted earnings per share																																																																																																										2.06	2.06

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-10	2025-10-21	2025-07-23	2025-04-23	2024-10-23	2024-07-23	2024-04-24	2023-10-23	2023-07-26	2023-04-25	2022-12-31	2022-10-27	2022-07-28	2022-04-27	2021-10-27	2021-07-27	2021-04-28	2020-10-27	2020-09-17	2020-04-21	2019-12-31	2019-10-24	2019-07-25	2019-04-23	2018-10-25	2018-07-25	2018-04-24	2018-03-07	2017-12-31	2017-10-26	2017-07-27	2017-04-25	2016-10-27	2016-09-30	2016-07-28	2016-04-26	2015-10-22	2015-07-23	2015-04-21	2014-12-31	2014-10-29	2014-09-30	2014-07-24	2014-06-30	2014-04-22	2014-03-31	2013-12-31	2013-10-24	2013-09-30	2013-07-25	2013-06-30	2013-04-23	2013-03-31	2012-12-31	2012-10-24	2012-09-30	2012-07-25	2012-06-30	2012-04-24	2012-03-31	2011-12-31	2011-10-27	2011-09-30	2011-07-29	2011-06-30	2011-04-18	2011-03-31	2011-02-08	2010-12-31	2010-11-04	2010-10-26	2010-09-30	2010-08-10	2010-07-28	2010-06-30	2010-04-20	2010-03-31	2010-02-04	2009-12-31	2009-09-30	2009-07-31	2009-07-23	2009-06-30	2009-05-04	2008-12-31	2008-11-14	2008-11-03	2008-10-23	2008-09-30	2008-07-30	2008-07-24	2008-06-30	2008-05-06	2008-04-21	2007-09-30	2007-08-13	2006-05-22	2006-03-31

assets
non-current assets
intangible assets	1,479	178,000,000	185,000,000	193,000,000	205,000,000
property, plant and equipment	43,949	29,657,000,000	29,201,000,000	30,521,000,000	28,756,000,000	47,355,000,000	46,782,000,000	43,986,000,000	42,483,000,000	42,254,000,000		39,060,000,000	38,408,000,000	37,451,000,000	36,309,000,000	35,009,000,000	33,868,000,000	32,792,000,000	32,191,000,000	31,653,000,000	32,484,000,000	33,041,000,000	32,210,000,000	31,882,000,000	30,142,000,000	29,853,000,000	29,545,000,000	29,045,000,000	29,045,000,000	27,690,000,000	27,573,000,000	27,913,000,000	27,385,000,000	27,385,000,000	26,859,000,000	26,680,000,000	27,071,000,000	29,787,000,000	29,912,000,000	28,925,000,000	28,760,000,000	28,760,000,000	28,409,000,000	28,409,000,000	28,317,000,000	28,317,000,000	27,811,000,000	25,840,000,000	25,840,000,000	25,579,000,000	25,579,000,000	25,186,000,000	25,186,000,000	24,377,000,000	23,884,000,000	23,884,000,000	23,786,000,000	23,786,000,000	23,089,000,000	23,089,000,000	23,150,000,000	22,755,000,000	22,755,000,000	22,235,000,000	22,235,000,000	22,223,000,000	22,223,000,000	21,886,000,000	21,886,000,000	21,743,000,000	21,743,000,000	21,743,000,000	21,884,000,000	21,884,000,000	21,884,000,000	21,735,000,000	21,735,000,000	22,426,000,000	22,426,000,000	22,656,000,000	23,236,000,000	23,236,000,000	23,236,000,000	24,020,000,000	23,909,000,000		9,064,000,000	9,064,000,000	9,064,000,000	8,063,000,000	8,063,000,000	8,063,000,000	8,026,000,000	8,026,000,000	8,149,000,000	3,812,000,000	3,527,000,000	3,527,000,000
environmental rehabilitation trusts	108
investments in associates and joint ventures	1,066											1,148,000,000	1,079,000,000	1,052,000,000	1,064,000,000	1,038,000,000	1,053,000,000	1,114,000,000	1,135,000,000	1,180,000,000	1,079,000,000	1,090,000,000	1,058,000,000	1,064,000,000	1,005,000,000	1,009,000,000	979,000,000	943,000,000	943,000,000	918,000,000	950,000,000	958,000,000	981,000,000	981,000,000	966,000,000	896,000,000	43,000,000	38,000,000	35,000,000	32,000,000
financial asset investments	391
inventories	847	2,640,000,000	2,839,000,000	2,666,000,000	2,429,000,000	3,390,000,000	3,059,000,000	2,958,000,000	2,946,000,000	2,779,000,000		2,583,000,000	2,407,000,000	2,331,000,000	2,335,000,000	2,176,000,000	1,974,000,000	1,898,000,000	1,979,000,000	1,875,000,000	1,981,000,000	2,104,000,000	2,059,000,000	2,046,000,000	2,010,000,000	1,995,000,000	1,815,000,000	1,637,000,000	1,637,000,000	1,608,000,000	1,670,000,000	1,634,000,000	1,659,000,000	1,659,000,000	1,561,000,000	1,483,000,000	1,833,000,000	1,886,000,000	1,814,000,000	1,752,000,000	1,835,000,000	1,835,000,000	1,703,000,000	1,703,000,000	1,742,000,000	1,742,000,000	1,695,000,000	1,756,000,000	1,756,000,000	1,788,000,000	1,788,000,000	1,760,000,000	1,760,000,000	1,880,000,000	1,937,000,000	1,937,000,000	1,846,000,000	1,846,000,000	1,800,000,000	1,800,000,000	1,641,000,000	1,657,000,000	1,657,000,000	1,553,000,000	1,553,000,000	1,390,000,000	1,390,000,000	1,380,000,000	1,380,000,000	1,391,000,000	1,391,000,000	1,391,000,000	1,335,000,000	1,335,000,000	1,335,000,000	1,299,000,000	1,299,000,000	1,375,000,000	1,375,000,000	1,411,000,000	1,451,000,000	1,451,000,000	1,451,000,000	1,415,000,000	1,339,000,000		1,041,000,000	1,041,000,000	1,041,000,000	993,000,000	993,000,000	993,000,000	967,000,000	967,000,000	1,152,000,000	857,000,000	684,000,000	684,000,000
trade and other receivables	467
deferred tax assets	262
derivative financial assets	238
pension asset surplus and other non-current assets	410
total non-current assets	49,217
current assets
current tax assets	170
current financial asset investments	48
cash and cash equivalents	6,088	4,756,000,000	4,767,000,000	6,214,000,000	7,230,000,000	918,000,000	1,295,000,000	1,343,000,000	1,773,000,000	2,265,000,000		2,638,000,000	2,702,000,000	2,465,000,000	390,000,000	312,000,000	369,000,000	403,000,000	336,000,000	219,000,000	1,026,000,000	1,619,000,000	1,529,000,000	2,446,000,000	1,483,000,000	1,631,000,000	1,209,000,000	952,000,000	952,000,000	889,000,000	846,000,000	536,000,000	1,113,000,000	1,113,000,000	1,271,000,000	1,485,000,000	1,487,000,000	1,327,000,000	1,567,000,000	2,029,000,000	1,853,000,000	1,853,000,000	2,131,000,000	2,131,000,000	2,386,000,000	2,386,000,000	2,772,000,000	2,250,000,000	2,250,000,000	2,799,000,000	2,799,000,000	2,950,000,000	2,950,000,000	3,267,000,000	3,930,000,000	3,930,000,000	3,641,000,000	3,641,000,000	3,800,000,000	3,800,000,000	4,405,000,000	4,260,000,000	4,260,000,000	1,314,000,000	1,314,000,000	1,046,000,000	1,046,000,000	832,000,000	832,000,000	1,177,000,000	1,177,000,000	1,177,000,000	758,000,000	758,000,000	758,000,000	774,000,000	774,000,000	1,329,000,000	1,329,000,000	1,082,000,000	750,000,000	750,000,000	750,000,000	1,632,000,000	850,000,000		1,247,000,000	1,247,000,000	1,247,000,000	1,162,000,000	1,162,000,000	1,162,000,000	1,060,000,000	1,060,000,000	1,768,000,000	4,008,000,000	1,390,000,000	1,390,000,000
total current assets	17,327
total assets	66,544										1
liabilities
current liabilities
trade and other payables	-6,511
short term borrowings	-1,740
provisions for liabilities and charges	-684
current tax liabilities	-326
derivative financial liabilities	-94
total current liabilities	-9,355
non-current liabilities
medium and long term borrowings	-15,172
royalty liability	-578
retirement benefit obligations	-531																																														479,000,000							743,000,000	820,000,000	820,000,000	767,000,000	767,000,000	683,000,000	683,000,000	691,000,000	760,000,000	760,000,000	566,000,000	566,000,000	520,000,000	520,000,000
deferred tax liabilities	-5,580
total non-current liabilities	-25,572
total liabilities	-34,927
net assets	31,617
equity
called-up share capital	734
share premium account	2,558
own shares	-6,275
other reserves	-12,820
retained earnings	40,860
equity attributable to equity shareholders of the company	25,057
non-controlling interests	6,560																																																																													91,000,000	91,000,000	81,000,000	90,000,000	90,000,000	90,000,000	105,000,000	104,000,000
total equity	31,617	25,805,000,000	25,350,000,000	26,966,000,000	25,892,000,000	31,221,000,000	30,777,000,000	28,323,000,000	27,625,000,000	27,480,000,000	1	26,145,000,000	26,293,000,000	24,971,000,000	22,252,000,000	21,219,000,000	21,014,000,000	21,506,000,000	21,598,000,000	22,085,000,000		24,216,000,000	23,955,000,000	24,019,000,000	22,466,000,000	21,373,000,000	20,818,000,000	19,525,000,000		19,125,000,000	18,624,000,000	18,210,000,000	16,812,000,000		16,578,000,000	16,628,000,000	17,059,000,000	19,047,000,000	19,026,000,000		18,884,000,000		18,750,000,000		18,983,000,000			18,706,000,000		18,432,000,000		18,618,000,000			18,053,000,000		18,140,000,000		18,206,000,000			17,707,000,000		16,858,000,000		16,340,000,000
current income taxes receivable		187,000,000	179,000,000	281,000,000	191,000,000	152,000,000	199,000,000	107,000,000	92,000,000	92,000,000		88,000,000	41,000,000		45,000,000	12,000,000	5,000,000	45,000,000	65,000,000	70,000,000	95,000,000	109,000,000	99,000,000	85,000,000	45,000,000	59,000,000	40,000,000	48,000,000	48,000,000	58,000,000	62,000,000	84,000,000	92,000,000	92,000,000	150,000,000		144,000,000	72,000,000	97,000,000	100,000,000
trade and settlement receivables		2,434,000,000	1,404,000,000	1,668,000,000	2,080,000,000	1,986,000,000	2,134,000,000	1,736,000,000	1,300,000,000	1,709,000,000		1,697,000,000	2,020,000,000	2,265,000,000	1,791,000,000	1,222,000,000	1,316,000,000	1,075,000,000	678,000,000	1,014,000,000	1,062,000,000	1,296,000,000	1,357,000,000	1,547,000,000	1,272,000,000	1,268,000,000	1,429,000,000
prepaids and other current assets		498,000,000	524,000,000	523,000,000	474,000,000	655,000,000	615,000,000	605,000,000	527,000,000	512,000,000		506,000,000	492,000,000	595,000,000	284,000,000	334,000,000	368,000,000	354,000,000	350,000,000	338,000,000	331,000,000	290,000,000	690,000,000	673,000,000
financial assets		907,000,000	814,000,000	773,000,000	766,000,000
investment in joint venture and associate		1,254,000,000	1,200,000,000
deferred income tax assets		862,000,000	747,000,000	655,000,000	39,000,000	65,000,000	65,000,000	75,000,000	75,000,000	75,000,000		161,000,000	161,000,000	161,000,000	132,000,000	132,000,000	271,000,000	211,000,000	211,000,000	211,000,000	211,000,000	160,000,000	160,000,000	160,000,000	133,000,000	133,000,000	154,000,000	154,000,000	154,000,000	112,000,000	112,000,000	112,000,000	107,000,000	107,000,000	107,000,000	107,000,000	335,000,000	347,000,000	363,000,000	361,000,000
goodwill		428,000,000	419,000,000	442,000,000	415,000,000	1,122,000,000	1,118,000,000	1,117,000,000	1,108,000,000	1,117,000,000		1,123,000,000	1,098,000,000	1,086,000,000	1,093,000,000	1,082,000,000	1,088,000,000	1,111,000,000	1,120,000,000	1,137,000,000	1,101,000,000	1,109,000,000	1,104,000,000	1,112,000,000	1,099,000,000	1,106,000,000	1,098,000,000	1,087,000,000	1,087,000,000	1,085,000,000	1,100,000,000	1,110,000,000	1,104,000,000	1,104,000,000	1,099,000,000	1,101,000,000	1,111,000,000	1,749,000,000	1,756,000,000	1,710,000,000	1,692,000,000	1,692,000,000	1,669,000,000	1,669,000,000	1,686,000,000	1,686,000,000	1,668,000,000	1,653,000,000	1,653,000,000	1,662,000,000	1,662,000,000	1,646,000,000	1,646,000,000	1,637,000,000	1,632,000,000	1,632,000,000	1,648,000,000	1,648,000,000	1,639,000,000	1,639,000,000	1,647,000,000	1,661,000,000	1,661,000,000	1,624,000,000	1,624,000,000	1,627,000,000	1,627,000,000	1,637,000,000	1,637,000,000	1,652,000,000	1,652,000,000	1,652,000,000	1,668,000,000	1,668,000,000	1,668,000,000	1,647,000,000	1,647,000,000	1,662,000,000	1,662,000,000	1,671,000,000	1,711,000,000	1,711,000,000	1,711,000,000	1,754,000,000	1,724,000,000	12,900,000	748,000,000	748,000,000	748,000,000	717,000,000	717,000,000	717,000,000	752,000,000	752,000,000
other assets		749,000,000	688,000,000	726,000,000	754,000,000																																																									543,000,000	543,000,000	473,000,000	473,000,000	477,000,000	477,000,000	1,009,000,000	1,009,000,000	903,000,000	903,000,000	903,000,000	874,000,000	874,000,000	874,000,000	825,000,000	825,000,000	857,000,000	857,000,000	722,000,000	740,000,000	740,000,000	740,000,000	882,000,000	853,000,000	19,600,000	559,000,000	559,000,000	559,000,000	534,000,000	534,000,000	534,000,000	572,000,000	572,000,000	739,000,000	412,000,000	334,000,000	334,000,000
liabilities and equity
trade accounts payable and other liabilities		2,869,000,000	2,029,000,000	2,334,000,000	2,738,000,000	3,699,000,000	3,951,000,000	4,067,000,000	3,604,000,000	4,438,000,000		3,914,000,000	3,404,000,000	3,314,000,000	2,951,000,000	2,652,000,000	2,870,000,000	2,508,000,000	1,995,000,000	2,177,000,000	2,498,000,000	2,327,000,000	2,090,000,000	2,046,000,000	2,025,000,000	2,144,000,000	2,056,000,000	2,313,000,000	2,313,000,000	1,829,000,000	1,787,000,000	1,598,000,000	1,583,000,000	1,583,000,000	1,438,000,000	1,368,000,000	1,443,000,000	1,451,000,000	1,452,000,000	1,663,000,000	1,465,000,000	1,465,000,000	1,461,000,000	1,461,000,000	1,454,000,000	1,454,000,000	1,784,000,000	1,279,000,000	1,279,000,000	1,216,000,000	1,216,000,000	1,192,000,000	1,192,000,000	1,468,000,000	1,366,000,000	1,366,000,000	1,324,000,000	1,324,000,000	1,223,000,000	1,223,000,000
current portion of debt		409,000,000	401,000,000	423,000,000	397,000,000	567,000,000	545,000,000	538,000,000	480,000,000	493,000,000		350,000,000	329,000,000	135,000,000	191,000,000	297,000,000	301,000,000	83,000,000	48,000,000	198,000,000	29,000,000	30,000,000	29,000,000																																						359,000,000	368,000,000	368,000,000
current portion of lease liabilities		142,000,000	135,000,000	145,000,000	144,000,000	222,000,000	216,000,000	141,000,000	132,000,000	128,000,000		129,000,000	125,000,000	125,000,000	121,000,000	113,000,000	119,000,000	143,000,000	151,000,000	163,000,000	160,000,000	122,000,000	133,000,000	132,000,000
current income taxes payable		149,000,000	57,000,000	288,000,000	841,000,000	324,000,000	202,000,000	865,000,000	917,000,000	698,000,000		156,000,000	362,000,000	410,000,000	172,000,000	152,000,000	192,000,000	81,000,000	52,000,000	65,000,000	89,000,000	120,000,000	72,000,000	123,000,000	132,000,000	144,000,000	284,000,000	273,000,000	273,000,000	267,000,000	178,000,000	292,000,000	108,000,000	108,000,000	18,000,000	23,000,000	10,000,000	10,000,000	57,000,000	59,000,000
current portion of provisions		209,000,000	178,000,000	187,000,000	130,000,000
debt		3,758,000,000	3,680,000,000	4,086,000,000	4,114,000,000	6,037,000,000	6,171,000,000	6,347,000,000	6,211,000,000	6,542,000,000		6,920,000,000	6,529,000,000	7,262,000,000	7,086,000,000	6,915,000,000	6,392,000,000	5,778,000,000	5,383,000,000	4,576,000,000	4,133,000,000	4,214,000,000	4,164,000,000	5,078,000,000	32,000,000	29,000,000	28,000,000	55,000,000	55,000,000	53,000,000	82,000,000	83,000,000	162,000,000	162,000,000	64,000,000	413,000,000	439,000,000	419,000,000	462,000,000	428,000,000	80,000,000	80,000,000	81,000,000	81,000,000	69,000,000	69,000,000	59,000,000	46,000,000	46,000,000	39,000,000	39,000,000	31,000,000	31,000,000	35,000,000	65,000,000	65,000,000	343,000,000	343,000,000	345,000,000	345,000,000	6,676,000,000	6,879,000,000	6,879,000,000	62,000,000	62,000,000	63,000,000	63,000,000
lease liabilities		754,000,000	762,000,000	796,000,000	754,000,000	898,000,000	874,000,000	470,000,000	435,000,000	443,000,000		563,000,000	551,000,000	560,000,000	570,000,000	567,000,000	573,000,000	608,000,000	575,000,000	542,000,000	512,000,000	563,000,000	539,000,000	542,000,000
qb advances from smm/sc		4,571,000,000	4,441,000,000	4,480,000,000	3,988,000,000	3,972,000,000
deferred income tax liabilities		2,358,000,000	2,315,000,000	2,357,000,000	1,815,000,000	6,439,000,000	6,524,000,000	6,449,000,000	6,242,000,000	6,593,000,000		6,767,000,000	6,724,000,000	6,402,000,000	5,591,000,000	5,341,000,000	5,457,000,000	5,573,000,000	5,664,000,000	5,780,000,000	6,087,000,000	6,433,000,000	6,448,000,000	6,502,000,000	6,128,000,000	5,999,000,000	5,820,000,000	5,398,000,000	5,398,000,000	5,192,000,000	5,114,000,000	5,013,000,000	4,716,000,000	4,716,000,000	4,730,000,000	4,787,000,000	5,262,000,000	6,153,000,000	6,124,000,000	6,091,000,000
retirement benefit liabilities		366,000,000	367,000,000	379,000,000	383,000,000	427,000,000	427,000,000	401,000,000	437,000,000	439,000,000		418,000,000	407,000,000	460,000,000	516,000,000	510,000,000	502,000,000	556,000,000	562,000,000	481,000,000	505,000,000	508,000,000	502,000,000	522,000,000	519,000,000	540,000,000	549,000,000	552,000,000	552,000,000	648,000,000	685,000,000	654,000,000	718,000,000	718,000,000	671,000,000	624,000,000	591,000,000	577,000,000	620,000,000	572,000,000	551,000,000	551,000,000	537,000,000	537,000,000	517,000,000	517,000,000		547,000,000	547,000,000	568,000,000	568,000,000	659,000,000	659,000,000
provisions		2,206,000,000	2,351,000,000	2,459,000,000	2,294,000,000
other liabilities		954,000,000	901,000,000	993,000,000	993,000,000																																																															1,187,000,000	1,187,000,000	1,015,000,000	1,015,000,000	1,015,000,000	998,000,000	998,000,000	998,000,000	993,000,000	993,000,000	1,029,000,000	1,029,000,000	1,132,000,000	1,168,000,000	1,168,000,000	1,168,000,000	1,202,000,000	1,184,000,000		932,000,000	932,000,000	932,000,000	935,000,000	935,000,000	935,000,000	996,000,000	996,000,000	938,000,000	856,000,000	667,000,000	667,000,000
attributable to shareholders of the company		24,923,000,000	24,380,000,000	25,821,000,000	24,863,000,000	26,509,000,000	26,184,000,000	27,018,000,000	26,415,000,000	26,316,000,000		25,215,000,000	25,438,000,000	24,205,000,000	21,530,000,000	20,557,000,000	20,372,000,000	20,778,000,000	20,814,000,000	21,223,000,000	22,248,000,000	23,402,000,000	23,136,000,000	23,204,000,000	22,339,000,000	21,245,000,000	20,678,000,000	19,383,000,000	19,383,000,000	18,985,000,000	18,476,000,000	18,039,000,000	16,649,000,000	16,649,000,000	16,362,000,000	16,407,000,000	16,825,000,000	18,797,000,000	18,774,000,000	18,606,000,000	18,662,000,000	18,662,000,000	18,534,000,000	18,534,000,000	18,759,000,000	18,759,000,000	18,597,000,000	18,506,000,000	18,506,000,000	18,228,000,000	18,228,000,000	18,424,000,000	18,424,000,000	17,801,000,000	17,880,000,000	17,880,000,000	17,949,000,000	17,949,000,000	18,022,000,000	18,022,000,000	17,721,000,000	17,540,000,000	17,540,000,000	16,715,000,000	16,715,000,000	16,216,000,000	16,216,000,000	16,052,000,000	16,052,000,000	15,824,000,000	15,824,000,000	15,824,000,000	15,518,000,000	15,518,000,000	15,518,000,000	15,376,000,000	15,376,000,000
attributable to non-controlling interests		882,000,000	970,000,000	1,145,000,000	1,029,000,000	4,712,000,000	4,593,000,000	1,305,000,000	1,210,000,000	1,164,000,000		930,000,000	855,000,000	766,000,000	722,000,000	662,000,000	642,000,000	728,000,000	784,000,000	862,000,000	770,000,000	814,000,000	819,000,000	815,000,000	127,000,000	128,000,000	140,000,000	142,000,000	142,000,000	140,000,000	148,000,000	171,000,000	163,000,000	163,000,000	216,000,000	221,000,000	234,000,000	250,000,000	252,000,000	230,000,000	222,000,000	222,000,000	216,000,000	216,000,000	224,000,000	224,000,000	214,000,000	200,000,000	200,000,000	204,000,000	204,000,000	194,000,000	194,000,000	176,000,000	173,000,000	173,000,000	191,000,000	191,000,000	184,000,000	184,000,000	172,000,000	167,000,000	167,000,000	143,000,000	143,000,000	124,000,000	124,000,000	124,000,000	124,000,000	108,000,000	108,000,000	108,000,000	101,000,000	101,000,000	101,000,000	98,000,000	98,000,000
class a common shares		6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000		6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000		6,000,000	6,000,000	6,000,000								7,000,000	7,000,000		7,000,000	7,000,000	7,000,000	7,000,000	7,000,000		7,000,000		7,000,000		7,000,000			7,000,000		7,000,000		7,000,000			7,000,000		7,000,000		7,000,000			7,000,000		7,000,000		7,000,000
class b subordinate voting shares																																				6,627,000,000			6,502,000,000
beginning of period		6,435,000,000	6,435,000,000	6,435,000,000	6,458,000,000	6,458,000,000	6,458,000,000	6,133,000,000	6,133,000,000	6,133,000,000		6,201,000,000	6,201,000,000	6,201,000,000	6,134,000,000	6,134,000,000	6,134,000,000	6,323,000,000	6,323,000,000	6,323,000,000		6,595,000,000	6,595,000,000	6,595,000,000	6,000,000	6,000,000	6,000,000			7,000,000	7,000,000	6,637,000,000	6,627,000,000		6,627,000,000	9,174,000,000	6,502,000,000	6,502,000,000	11,723,000,000		6,503,000,000		6,503,000,000		6,503,000,000			6,699,000,000		6,699,000,000		6,699,000,000			6,743,000,000		6,743,000,000		6,743,000,000			6,795,000,000		6,795,000,000		6,795,000,000
share repurchases		-246,000,000	-211,000,000	-84,000,000	-154,000,000	-72,000,000	-18,000,000	-20,000,000	-20,000,000			-374,000,000	-161,000,000	-22,000,000				-190,000,000	-190,000,000	-190,000,000		-204,000,000	-128,000,000	-67,000,000	-19,000,000	-19,000,000	-19,000,000	-69,000,000																				-73,000,000							-2,000,000		-2,000,000
issued on exercise of options		23,000,000	15,000,000	11,000,000	225,000,000	216,000,000	72,000,000	74,000,000	65,000,000	25,000,000		264,000,000	260,000,000	221,000,000	36,000,000	21,000,000	8,000,000					13,000,000	11,000,000	8,000,000	63,000,000	58,000,000	36,000,000	34,000,000		19,000,000	11,000,000	10,000,000	1,000,000		1,000,000						1,000,000		1,000,000					1,000,000		1,000,000					2,000,000		2,000,000		1,000,000			5,000,000		4,000,000		3,000,000
end of period		6,212,000,000	6,239,000,000	6,362,000,000	6,529,000,000	6,602,000,000	6,512,000,000	6,489,000,000	6,480,000,000	6,158,000,000		6,091,000,000	6,300,000,000	6,400,000,000	6,170,000,000	6,155,000,000	6,142,000,000	6,133,000,000	6,133,000,000	6,133,000,000		6,404,000,000	6,478,000,000	6,536,000,000	6,000,000	6,000,000	6,000,000			6,000,000	6,000,000	10,781,000,000	6,628,000,000		6,628,000,000	9,213,000,000	6,626,000,000	6,502,000,000	11,781,000,000		6,502,000,000		6,502,000,000		6,503,000,000			6,503,000,000		6,627,000,000		6,685,000,000			6,743,000,000		6,743,000,000		6,742,000,000			6,800,000,000		6,799,000,000		6,798,000,000
profit for the period attributable to shareholders of the company		857,000,000	576,000,000	370,000,000	7,000,000	706,000,000	343,000,000	1,926,000,000	1,650,000,000	1,140,000,000		3,051,000,000	3,246,000,000	1,571,000,000	1,381,000,000	565,000,000	305,000,000	-400,000,000	-461,000,000	-312,000,000		1,230,000,000	861,000,000	630,000,000	2,674,000,000	1,393,000,000	759,000,000			1,749,000,000	1,149,000,000	572,000,000	343,000,000		109,000,000	94,000,000	-2,015,000,000	131,000,000	68,000,000		233,000,000		149,000,000		69,000,000			729,000,000		462,000,000		319,000,000			666,000,000		486,000,000		218,000,000			2,031,000,000		1,217,000,000		461,000,000
dividends paid		-185,000,000	-124,000,000	-63,000,000	-451,000,000	-129,000,000	-65,000,000	-451,000,000	-386,000,000	-321,000,000		-468,000,000	-404,000,000	-337,000,000	-80,000,000	-53,000,000	-27,000,000	-80,000,000	-53,000,000	-27,000,000		-84,000,000	-56,000,000	-28,000,000	-86,000,000	-57,000,000	-29,000,000
sale of steelmaking coal business					-1,485,000,000
remeasurements of retirement benefit plans		20,000,000	-11,000,000	7,000,000	47,000,000	29,000,000	23,000,000	106,000,000	3,000,000	5,000,000		-173,000,000	-181,000,000	-54,000,000	147,000,000	128,000,000	110,000,000	-34,000,000	-63,000,000	-38,000,000		55,000,000	48,000,000	38,000,000	-20,000,000	43,000,000	21,000,000	129,000,000		30,000,000	14,000,000	26,000,000	-72,000,000		-95,000,000	-55,000,000	9,000,000	34,000,000	-10,000,000		-6,000,000		3,000,000		4,000,000
contributed surplus
share option compensation expense		13,000,000	8,000,000	4,000,000	16,000,000	12,000,000	6,000,000	21,000,000	14,000,000	8,000,000		19,000,000	13,000,000	6,000,000	21,000,000	13,000,000	6,000,000	17,000,000	11,000,000	5,000,000		14,000,000	9,000,000	4,000,000	13,000,000	8,000,000	4,000,000	17,000,000		13,000,000	8,000,000	4,000,000	16,000,000		11,000,000	5,000,000	18,000,000	11,000,000	5,000,000		13,000,000		8,000,000		4,000,000
transfer to class b subordinate voting shares on exercise of options		-6,000,000	-4,000,000	-3,000,000	-55,000,000	-53,000,000	-18,000,000	-18,000,000	-16,000,000	-6,000,000		-62,000,000	-61,000,000	-52,000,000	-8,000,000		-2,000,000					-3,000,000	-3,000,000	-2,000,000	-14,000,000	-12,000,000	-8,000,000	-8,000,000		-4,000,000		-3,000,000																-1,000,000							-1,000,000		-1,000,000					-1,000,000		-1,000,000
accumulated other comprehensive income attributable to shareholders of the company
other comprehensive income		-831,000,000	-1,285,000,000	-186,000,000	387,000,000	611,000,000	417,000,000	78,000,000	-300,000,000			798,000,000	41,000,000	-119,000,000	141,000,000	-23,000,000	43,000,000	144,000,000	220,000,000	460,000,000		-109,000,000	-201,000,000	-81,000,000	55,000,000	221,000,000	123,000,000	-29,000,000		-147,000,000	-74,000,000	14,000,000	-102,000,000		-137,000,000	-99,000,000	178,000,000	135,000,000	95,000,000		81,000,000		42,000,000		89,000,000			247,000,000		117,000,000		61,000,000			-2,000,000
remeasurements of retirement benefit plans recorded in retained earnings		-20,000,000	11,000,000	-7,000,000								173,000,000	181,000,000
profit for the period attributable to non-controlling interests		-310,000,000	-162,000,000	-57,000,000	18,000,000	111,000,000	89,000,000			35,000,000		-29,000,000			11,000,000	-13,000,000	-13,000,000	-71,000,000	-35,000,000	1,000,000		37,000,000	33,000,000	14,000,000	26,000,000	17,000,000	7,000,000			21,000,000	14,000,000	8,000,000	-7,000,000		-2,000,000	1,000,000		9,000,000	4,000,000
other comprehensive income attributable to non-controlling interests		100,000,000	53,000,000	183,000,000	15,000,000	20,000,000	15,000,000	-3,000,000	-20,000,000			71,000,000			1,000,000	-23,000,000	-11,000,000	29,000,000	49,000,000	90,000,000		-11,000,000	-8,000,000	-2,000,000	6,000,000	7,000,000	3,000,000			-9,000,000	-4,000,000	-1,000,000	-2,000,000		-3,000,000	-3,000,000	12,000,000	7,000,000	8,000,000
change from nsc/posco transaction						-1,479,000,000	-1,479,000,000
contributions from non-controlling interests		77,000,000	64,000,000		151,000,000	122,000,000	30,000,000	326,000,000	233,000,000	104,000,000		197,000,000	118,000,000	41,000,000	70,000,000	39,000,000
distributions to non-controlling interests		-4,000,000	-4,000,000		-353,000,000			-42,000,000	-35,000,000	-12,000,000		-77,000,000	-44,000,000	-18,000,000	-29,000,000	-10,000,000
investment in joint venture				1,231,000,000	1,144,000,000	1,156,000,000	1,143,000,000	1,139,000,000	1,120,000,000	1,144,000,000
issued on dual class amendment								302,000,000	302,000,000
shares issued on dual class amendment								-302,000,000	-302,000,000
less remeasurements of retirement benefit plans recorded in retained earnings					-47,000,000	-29,000,000	-23,000,000	-106,000,000	-3,000,000	-5,000,000				54,000,000	-147,000,000	-128,000,000	-110,000,000	34,000,000	63,000,000	38,000,000		-55,000,000	-48,000,000	-38,000,000	20,000,000	-43,000,000	-21,000,000	-129,000,000		-30,000,000	-14,000,000	-26,000,000	72,000,000		95,000,000	55,000,000	-9,000,000	-34,000,000	10,000,000		6,000,000		-3,000,000		-4,000,000
change from the nsc/posco transaction					3,155,000,000
financial and other assets						1,988,000,000	1,916,000,000	1,721,000,000	1,666,000,000	1,635,000,000		1,157,000,000	1,227,000,000	1,418,000,000	1,493,000,000	1,462,000,000	1,400,000,000	1,264,000,000	1,173,000,000	1,077,000,000	1,109,000,000	999,000,000	949,000,000	1,091,000,000	952,000,000	1,029,000,000	1,045,000,000	1,051,000,000	1,051,000,000	996,000,000	1,068,000,000	1,067,000,000	986,000,000	986,000,000	873,000,000	908,000,000	813,000,000	943,000,000	938,000,000	894,000,000	807,000,000	807,000,000	811,000,000	811,000,000	783,000,000	783,000,000	746,000,000	1,092,000,000	1,092,000,000	883,000,000	883,000,000	928,000,000	928,000,000	973,000,000	1,040,000,000	1,040,000,000	1,235,000,000	1,235,000,000	1,393,000,000	1,393,000,000	1,138,000,000
provisions and other liabilities						4,981,000,000	4,970,000,000	3,944,000,000	4,103,000,000	3,918,000,000		2,984,000,000	3,275,000,000	3,820,000,000	4,343,000,000	3,991,000,000	3,369,000,000	2,469,000,000	2,228,000,000	1,710,000,000	2,536,000,000	2,379,000,000	2,389,000,000	2,242,000,000
qb2 advances from smm/sc							3,669,000,000	3,242,000,000	2,904,000,000	2,586,000,000		1,978,000,000	1,636,000,000	1,365,000,000	1,143,000,000	1,022,000,000	923,000,000	962,000,000	982,000,000	997,000,000	912,000,000
assets held for sale												163,000,000														350,000,000	350,000,000	350,000,000	350,000,000	350,000,000	350,000,000
non-current assets held for sale										176,000,000
liabilities associated with assets held for sale
loss for the period attributable to non-controlling interests								-14,000,000	-6,000,000				-2,000,000	-13,000,000
other comprehensive loss										-3,000,000																																															-1,000,000		-3,000,000
other comprehensive loss attributable to non-controlling interests										-1,000,000				-12,000,000														-8,000,000
cash											1
share capital											1
balance, incorporation on july 20, 2022
share issued on incorporation											1
balance, december 31, 2022											1
other comprehensive income (loss) attributable to non-controlling interests													15,000,000
contributions																	-3,000,000			1,000,000
ifrs 16 transition adjustment on january 1, 2019																						-43,000,000	-43,000,000	-43,000,000
adjustment from smm/sc transaction																						4,000,000	4,000,000	4,000,000
adjustments from smm/sc transaction																						675,000,000	675,000,000	675,000,000
distributions
advances from smm/sc																						905,000,000	894,000,000	900,000,000
ifrs 9 transition adjustment on january 1, 2018																									34,000,000	34,000,000	34,000,000
purchase of non-controlling interests																									-159,000,000	-159,000,000		-63,000,000
dividends or distributions																						-21,000,000	-15,000,000	-6,000,000	-31,000,000	-22,000,000	-12,000,000	-56,000,000					-6,000,000		-2,000,000	-1,000,000	-26,000,000	-5,000,000	-2,000,000		-17,000,000		-11,000,000		-7,000,000			-34,000,000		-25,000,000		-9,000,000			-39,000,000		-17,000,000		-6,000,000			-41,000,000		-28,000,000		-21,000,000
other current assets																									232,000,000	201,000,000	230,000,000
other liabilities and provisions																									1,868,000,000	1,815,000,000	1,864,000,000	1,977,000,000	1,977,000,000	1,630,000,000	1,438,000,000	1,489,000,000	1,096,000,000	1,096,000,000	759,000,000	605,000,000	605,000,000	852,000,000	1,081,000,000	918,000,000	1,237,000,000	1,237,000,000	1,354,000,000	1,354,000,000	1,221,000,000	1,221,000,000	1,158,000,000	1,087,000,000	1,087,000,000	1,091,000,000	1,091,000,000	1,260,000,000	1,260,000,000	1,470,000,000	1,465,000,000	1,465,000,000	1,406,000,000	1,406,000,000	1,495,000,000	1,495,000,000	1,495,000,000	1,066,000,000	1,066,000,000	1,107,000,000	1,107,000,000	1,105,000,000	1,105,000,000
class a shares conversion																												1,000,000		-1,000,000	-1,000,000
acquisition of aqm copper inc.																												18,000,000		18,000,000	18,000,000	18,000,000
class a share conversion																												-1,000,000
other																															-1,000,000		-6,000,000		-7,000,000	-6,000,000	18,000,000	9,000,000	12,000,000		7,000,000				5,000,000			4,000,000		6,000,000		2,000,000			-6,000,000				-2,000,000			6,000,000		-3,000,000		-2,000,000
trade accounts receivable																												1,791,000,000	1,791,000,000	1,762,000,000	1,167,000,000	1,437,000,000	1,025,000,000	1,025,000,000	1,025,000,000	962,000,000	951,000,000	1,099,000,000	1,084,000,000	1,036,000,000	1,028,000,000	1,028,000,000	1,033,000,000	1,033,000,000	992,000,000	992,000,000	1,232,000,000	1,167,000,000	1,167,000,000	1,015,000,000	1,015,000,000	1,126,000,000	1,126,000,000	1,285,000,000	1,265,000,000	1,265,000,000	1,148,000,000	1,148,000,000	1,267,000,000	1,267,000,000
deferred consideration																												651,000,000	651,000,000	655,000,000	687,000,000	711,000,000	715,000,000	715,000,000	713,000,000	727,000,000
beginning of year																												7,000,000
end of year																												6,000,000				6,647,000,000
profit for the year attributable to shareholders of the company																												2,509,000,000
dividends declared																												-344,000,000		-87,000,000	-58,000,000		-29,000,000		-29,000,000		-86,000,000	-86,000,000			-259,000,000		-259,000,000					-259,000,000		-259,000,000					-234,000,000		-234,000,000					-177,000,000		-177,000,000
profit for the year attributable to non-controlling interests																												29,000,000
gain on purchase of non-controlling interest																																	13,000,000
dividends or net distributions																														-49,000,000	-38,000,000	-13,000,000
transfer to class b subordinate voting shares on exercise options																															-2,000,000
accumulated other comprehensive income																																																																																						-9,000,000
reversal of tax provision																																					124,000,000
purchase of non-controlling interest																																	-46,000,000
current income tax receivable																																				193,000,000
project corridor assets																																					866,000,000
dividends payable																																						86,000,000		259,000,000			259,000,000	259,000,000			259,000,000			259,000,000	259,000,000			262,000,000			234,000,000	234,000,000			235,000,000			177,000,000	177,000,000			177,000,000	177,000,000				118,000,000	118,000,000	118,000,000															221,000,000	221,000,000	221,000,000				210,000,000
share repurchase																																									-2,000,000		-2,000,000							-73,000,000		-14,000,000							-2,000,000
current income and resource taxes receivable																																									63,000,000	63,000,000	70,000,000	70,000,000	29,000,000	29,000,000	71,000,000	47,000,000	47,000,000	96,000,000	96,000,000	134,000,000	134,000,000	141,000,000	103,000,000	103,000,000	118,000,000	118,000,000	143,000,000	143,000,000
investments in associates																																									31,000,000	31,000,000	24,000,000	24,000,000	24,000,000	24,000,000	24,000,000	1,043,000,000	1,043,000,000	973,000,000	973,000,000	898,000,000	898,000,000	828,000,000	774,000,000	774,000,000	743,000,000	743,000,000	722,000,000	722,000,000	715,000,000	705,000,000	705,000,000	666,000,000	666,000,000	662,000,000	662,000,000
deferred income and resource tax assets																																									378,000,000	378,000,000	413,000,000	413,000,000	422,000,000	422,000,000	164,000,000	71,000,000	71,000,000	176,000,000	176,000,000	155,000,000	155,000,000	229,000,000	194,000,000	194,000,000	189,000,000	189,000,000	185,000,000	185,000,000	180,000,000	375,000,000	375,000,000	252,000,000	252,000,000	300,000,000	300,000,000
current income and resource taxes payable																																									52,000,000	52,000,000	5,000,000	5,000,000	3,000,000	3,000,000	61,000,000	59,000,000	59,000,000	61,000,000	61,000,000	67,000,000	67,000,000	55,000,000	37,000,000	37,000,000	40,000,000	40,000,000	122,000,000	122,000,000		158,000,000	158,000,000	104,000,000	104,000,000	150,000,000	150,000,000																												80,000,000	43,000,000	218,000,000	218,000,000
deferred income and resource tax liabilities																																									6,129,000,000	6,129,000,000	6,149,000,000	6,149,000,000	6,169,000,000	6,169,000,000	5,908,000,000	5,772,000,000	5,772,000,000	5,736,000,000	5,736,000,000	5,643,000,000	5,643,000,000	5,447,000,000	5,412,000,000	5,412,000,000	5,422,000,000	5,422,000,000	5,421,000,000	5,421,000,000	5,342,000,000	5,359,000,000	5,359,000,000	5,051,000,000	5,051,000,000	4,928,000,000	4,928,000,000
provision for tax benefit																																																-124,000,000
profit for the period attributed to non-controlling interests																																									14,000,000		13,000,000		8,000,000			38,000,000		29,000,000		10,000,000			48,000,000		37,000,000		23,000,000
remeasurements for retirement benefit plans																																																185,000,000		161,000,000		74,000,000
share-based payment expense																																																13,000,000		7,000,000		3,000,000			13,000,000		7,000,000		3,000,000			10,000,000		7,000,000		3,000,000
less remeasurements for retirement benefit plans recorded in retained earnings																																																-185,000,000		-161,000,000		-74,000,000
actuarial loss on retirement benefit obligations																																																							-106,000,000		-57,000,000					-185,000,000		-22,000,000
other comprehensive income before actuarial loss on retirement benefit obligations																																																							-175,000,000		31,000,000		98,000,000			84,000,000
actuarial gain on retirement benefit obligations																																																											-13,000,000							24,000,000
trade accounts receivable and other																																																													1,343,000,000	1,437,000,000	1,437,000,000	1,379,000,000	1,379,000,000	1,060,000,000	1,060,000,000
trade accounts payable and accrued liabilities																																																													1,528,000,000	1,343,000,000	1,343,000,000	1,240,000,000	1,240,000,000	1,297,000,000	1,297,000,000
investments																																																														247,000,000	247,000,000	369,000,000	369,000,000	341,000,000	341,000,000	1,371,000,000	1,371,000,000	1,325,000,000	1,325,000,000	1,325,000,000	1,328,000,000	1,328,000,000	1,328,000,000	1,348,000,000	1,348,000,000	1,252,000,000	1,252,000,000	1,256,000,000	1,272,000,000	1,272,000,000	1,272,000,000	1,235,000,000	948,000,000		1,752,000,000	1,752,000,000	1,752,000,000	1,815,000,000	1,815,000,000	1,815,000,000	1,664,000,000	1,664,000,000	1,376,000,000	682,000,000	681,000,000	681,000,000
total comprehensive income																																																														80,000,000		52,000,000		25,000,000
subsequent event
other comprehensive loss before actuarial loss on retirement benefit obligations																																																																-86,000,000
other comprehensive loss before actuarial gain on retirement benefit obligations																																																																		-48,000,000
restricted cash																																																																														91,000,000	91,000,000	165,000,000
accounts and settlements receivable and other																																																																				1,094,000,000	1,094,000,000	1,221,000,000	1,221,000,000	1,221,000,000	723,000,000	723,000,000	723,000,000	784,000,000	784,000,000
liabilities and shareholders' equity
accounts payable and accrued liabilities																																																																				1,498,000,000	1,498,000,000	1,409,000,000	1,409,000,000	1,409,000,000	1,083,000,000	1,083,000,000	1,083,000,000	1,230,000,000	1,230,000,000	1,252,000,000	1,252,000,000	1,320,000,000	1,061,000,000	1,061,000,000	1,061,000,000	1,018,000,000	1,506,000,000	111,500,000	950,000,000	950,000,000	950,000,000	775,000,000	775,000,000	775,000,000	871,000,000	871,000,000	983,000,000	556,000,000	432,000,000	432,000,000
current portion of long-term debt																																																																				65,000,000	65,000,000	323,000,000	323,000,000	323,000,000	61,000,000	61,000,000	61,000,000	182,000,000	182,000,000	1,121,000,000	1,121,000,000	862,000,000	770,000,000	770,000,000	770,000,000	1,851,000,000	1,336,000,000	1,600,000				32,000,000	32,000,000	32,000,000	32,000,000	32,000,000	31,000,000		38,000,000	38,000,000
long-term debt																																																																				4,883,000,000	4,883,000,000	5,620,000,000	5,620,000,000	5,620,000,000	5,617,000,000	5,617,000,000	5,617,000,000	5,611,000,000	5,611,000,000	6,883,000,000	6,883,000,000	7,631,000,000	10,471,000,000	10,471,000,000	10,471,000,000	4,849,000,000	5,102,000,000	280,900,000	1,538,000,000	1,538,000,000	1,538,000,000	1,508,000,000	1,508,000,000	1,508,000,000	1,521,000,000	1,521,000,000	1,499,000,000	1,366,000,000	1,488,000,000	1,488,000,000
future income and resource taxes																																																																				5,223,000,000	5,223,000,000	5,113,000,000	5,113,000,000	5,113,000,000	5,074,000,000	5,074,000,000	5,074,000,000	4,927,000,000	4,927,000,000	5,007,000,000	5,007,000,000	4,845,000,000	4,923,000,000	4,923,000,000	4,923,000,000	5,106,000,000	4,965,000,000		2,598,000,000	2,598,000,000	2,598,000,000	2,204,000,000	2,204,000,000	2,204,000,000	2,121,000,000	2,121,000,000	1,781,000,000	986,000,000	847,000,000	847,000,000
contingencies
subsequent events
income taxes receivable																																																																												5,000,000	5,000,000	38,000,000	38,000,000	59,000,000	84,000,000	84,000,000	84,000,000	258,000,000	1,130,000,000
accounts and settlements receivable																																																																														843,000,000	843,000,000						769,000,000		765,000,000	765,000,000	765,000,000	902,000,000	902,000,000	902,000,000	765,000,000	765,000,000	724,000,000	651,000,000	537,000,000	537,000,000
short-term debt																																																																																				6,577,000,000	6,436,000,000
shareholders' equity																																																																														14,490,000,000	14,490,000,000	14,040,000,000	11,740,000,000	11,740,000,000	11,740,000,000		10,900,000,000		9,082,000,000	9,082,000,000	9,082,000,000	8,435,000,000	8,435,000,000	8,435,000,000	8,163,000,000	8,163,000,000		6,478,000,000
accounts receivable and other assets																																																																																889,000,000	967,000,000	967,000,000	967,000,000
temporary and short term investments																																																																																	12,000,000	12,000,000	12,000,000
temporary and short-term investments																																																																																				139,000,000
accounts receivable																																																																																				635,000,000		72,400,000
liabilities and shareholders’ equity
shareholders’ equity																																																																																				11,262,000,000											7,901,000,000		4,840,000,000	4,840,000,000
temporary investments																																																																																					11,000,000										33,000,000	166,000,000	1,775,000,000	1,775,000,000
basic pro forma earnings per share computation
numerator
pro forma net earnings from continuing operations																																																																																						899,000,000
pro forma net earnings from discontinued operation
pro forma net earnings available to shareholders																																																																																						894,000,000
denominator
teck weighted-average shares outstanding																																																																																						442,200,000,000
shares issued to fording unitholders																																																																																						36,481,000,000
pro forma weighted-average shares outstanding																																																																																						478,681,000,000
basic pro forma earnings per share																																																																																						1,870,000
basic pro forma earnings per share from continuing operations																																																																																						1,880,000
diluted pro forma earnings per share computation
pro forma net earnings available to shareholders, assuming dilution																																																																																						894,000,000
pro forma net earnings available to shareholders from continuing operations, assuming dilution																																																																																						899,000,000
dilutive effect of teck share options																																																																																						1,774,000,000
cash and cash equivalents *																																																																																						151,500,000
fair value of foreign exchange forward contracts																																																																																						38,700,000
inventory																																																																																						134,000,000
prepaid expenses																																																																																						4,900,000
nyco assets held for sale																																																																																						-23,900,000
capital assets																																																																																						652,800,000
income taxes payable																																																																																						18,300,000
distributions payable																																																																																						78,600,000
nyco liabilities held for sale																																																																																						-4,400,000
other long-term liabilities																																																																																						157,200,000
future income taxes																																																																																						126,900,000
commitments and contingencies
unitholders' equity
trust units																																																																																						399,300,000
accumulated earnings																																																																																						2,005,900,000
accumulated cash distributions																																																																																						-2,093,400,000
minority interests																																																																																							76,000,000	76,000,000	76,000,000	76,000,000	76,000,000	76,000,000	102,000,000	102,000,000	86,000,000
cash held in trust																																																																																																7,000,000
amount due for purchase of fording canadian coal trust																																																																																															599,000,000
current portion of future income and resource taxes																																																																																															43,000,000	93,000,000	150,000,000	150,000,000
exchangeable debentures																																																																																																7,000,000	248,000,000	248,000,000
the accompanying notes are an integral part of these financial statements. see note 9(e) for additional information on share split.

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-11-10	2025-10-21	2025-07-23	2025-04-23	2025-02-19	2024-10-23	2024-07-23	2024-04-24	2024-02-22	2023-10-23	2023-07-26	2023-04-25	2023-04-03	2023-02-21	2022-10-27	2022-04-27	2021-10-27	2021-07-27	2021-04-28	2021-02-18	2020-10-27	2020-09-17	2020-04-21	2020-02-21	2019-10-24	2019-07-25	2019-04-23	2019-02-12	2018-10-25	2018-07-25	2018-04-24	2018-03-07	2017-12-31	2017-10-26	2017-07-27	2017-04-25	2017-02-15	2016-10-27	2016-07-28	2016-04-26	2016-02-11	2015-10-22	2015-07-23	2015-04-21	2014-12-31	2014-09-30	2014-06-30	2014-04-22	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-04-23	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-04-24	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-04-18	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-04-20	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-05-04	2009-04-22	2008-11-14	2008-09-30	2008-06-30	2008-05-06	2008-04-21	2007-10-29	2007-09-30	2007-08-13	2006-05-22	2006-03-31

profit for the financial year	1,344
items that will not be reclassified to the income statement
remeasurement of net retirement benefit obligation	-53
net revaluation gain on equity investments	-40
items that have been or may subsequently be reclassified to the income statement
net exchange differences:
net loss	-938
cumulative loss transferred to the income statement on disposal of foreign operations	9
revaluation of cash flow hedges:
net revaluation loss	-11
other comprehensive loss for the financial year	-1,033
total comprehensive income for the financial year	311
attributable to:
non-controlling interests	850																																																																								11,000,000	11,000,000						109,423,000
equity shareholders of the company	-539
us million
assets
non-current assets
intangible assets	11
property, plant and equipment	12																													115,000,000	-460,000,000	-1,621,000,000	-156,000,000	-61,000,000	27,000,000	-356,000,000																			-130,000,000	-74,000,000				-10,000,000	-92,000,000				-98,000,000	-41,000,000	-14,000,000	-147,000,000	-147,000,000	-88,000,000	22,000,000	-16,000,000	-132,000,000	-132,000,000		-159,000,000	-86,000,000	-132,000,000	-132,000,000	-54,006,000	5,000,000
environmental rehabilitation trusts	16
investments in associates and joint ventures	14
financial asset investments	15
inventories	18
trade and other receivables	19
deferred tax assets	17
derivative financial assets	24
pension asset surplus and other non-current assets
total non-current assets
current assets
current tax assets
current financial asset investments	15
cash and cash equivalents	21
total current assets
total assets
liabilities
current liabilities
trade and other payables	20
short term borrowings	21
provisions for liabilities and charges	16
current tax liabilities
derivative financial liabilities	24
total current liabilities
non-current liabilities
medium and long term borrowings	21
royalty liability	24
retirement benefit obligations	29
deferred tax liabilities	17
total non-current liabilities
total liabilities
net assets
equity
called-up share capital	26
share premium account
own shares	26
other reserves
retained earnings
equity attributable to equity shareholders of the company
total equity
cash flows from operating activities
profit before tax
net finance costs including financing special items and remeasurements	4
net income from associates and joint ventures	14
non-operating special items	9
operating profit	1
revenue and operating special items and remeasurements	9
cash element of special items
depreciation and amortisation	1
share-based payment charges
increase in provisions and net retirement benefit obligations
decrease in inventories
increase in operating receivables
increase in operating payables
other adjustments
cash flows from operations
dividends from associates and joint ventures	14
dividends from financial asset investments
income tax paid
net cash inflows from operating activities
cash flows from investing activities
expenditure on property, plant and equipment	13
cash flows from derivatives related to capital expenditure	13
proceeds from disposal of property, plant and equipment	13
expenditure on intangible assets
net issuance of financial asset investments	15
interest received and other investment income
net cash outflow on acquisitions
net cash inflow on disposals	34
other investing activities
net cash from investing activities
cash flows from financing activities
interest paid																																																												-38,000,000
cash flows from derivatives related to financing activities	21
dividends paid to company shareholders	6
distributions paid to non-controlling interests	27
proceeds from issuance of bonds
proceeds from other borrowings
capital repayment of lease obligations
repayments of bonds and borrowings
purchase of shares by group companies
other financing activities
net cash from financing activities
net decrease in cash and cash equivalents
cash and cash equivalents at start of year	21
cash movements in the year
effects of changes in foreign exchange rates
cash and cash equivalents at end of year	21																															952,000,000
operating activities
profit from continuing operations		32,000,000	-212,000,000	313,000,000
depreciation and amortization		176,000,000	-34,000,000	412,000,000	25,000,000	-168,000,000	36,000,000	630,000,000	19,000,000	98,000,000	8,000,000	423,000,000	962,000,000	-109,000,000	41,000,000	449,000,000	61,000,000	-8,000,000	378,000,000	-6,000,000	98,000,000	-64,000,000	378,000,000	-21,000,000	41,000,000	22,000,000	373,000,000	20,000,000	27,000,000	3,000,000	350,000,000	1,467,000,000	-22,000,000	37,000,000	17,000,000	341,000,000	22,000,000	41,000,000	15,000,000	309,000,000	2,000,000	-34,000,000	28,000,000	337,000,000	3,000,000	0	11,000,000	327,000,000	327,000,000	7,000,000	33,000,000	-4,000,000	293,000,000	293,000,000	3,000,000	-18,000,000	44,000,000	213,000,000	213,000,000	-21,000,000	13,000,000	14,000,000	216,000,000	216,000,000	11,000,000	-21,000,000							199,000,000	199,000,000				108,000,000	108,000,000	31,190,000			57,000,000	57,000,000
provision for income taxes from continuing operations		132,000,000				-186,000,000	-36,000,000	309,000,000
asset impairment																							647,000,000
net finance expense		10,000,000	36,000,000	129,000,000	-12,000,000	-100,000,000	22,000,000	231,000,000	15,000,000	0	9,000,000	30,000,000		-28,000,000	5,000,000	49,000,000	4,000,000	0	51,000,000	-19,000,000	-51,000,000	67,000,000	47,000,000	-10,000,000	-6,000,000	8,000,000	54,000,000
income taxes paid		42,000,000	523,000,000	-697,000,000	164,000,000	-147,000,000	1,199,000,000	-1,325,000,000	12,000,000	187,000,000	-120,000,000	-254,000,000	-658,000,000	202,000,000	303,000,000	-144,000,000	-65,000,000	-146,000,000	-69,000,000	-23,000,000	-31,000,000	52,000,000	-76,000,000	79,000,000	64,000,000	-54,000,000	-160,000,000	26,000,000	186,000,000	-173,000,000	-176,000,000	-879,000,000	-119,000,000	129,000,000	-174,000,000	-124,000,000	-177,000,000	39,000,000	1,000,000	-44,000,000	61,000,000
expenditures on decommissioning and restoration provisions
qb variable consideration to imsa and codelco				-84,000,000	92,000,000
foreign exchange losses		-35,000,000	27,000,000	-1,000,000	-291,000,000																			-7,000,000	-19,000,000								13,000,000				-2,000,000	13,000,000	94,000,000	-88,000,000	-15,000,000			21,000,000	-7,000,000			10,000,000	10,000,000				5,000,000	5,000,000				7,000,000	7,000,000
other		124,000,000	2,000,000	-112,000,000	11,000,000	-56,000,000	-20,000,000	28,000,000	-187,000,000	67,000,000	106,000,000	-56,000,000	-36,000,000	-133,000,000	63,000,000	109,000,000	50,000,000	-54,000,000	98,000,000	139,000,000	0	25,000,000	-53,000,000	52,000,000	1,000,000	-60,000,000	50,000,000	-256,000,000	35,000,000	-8,000,000	22,000,000	233,000,000	-44,000,000	136,000,000	-45,000,000	35,000,000	33,000,000	56,000,000	30,000,000	24,000,000	76,000,000	-22,000,000	-37,000,000	33,000,000	27,000,000	-59,000,000	34,000,000	1,000,000	1,000,000	28,000,000	11,000,000	-10,000,000	-9,000,000	-9,000,000	-33,000,000	-38,000,000	57,000,000	-18,000,000	-18,000,000	91,000,000	-26,000,000	18,000,000	-5,000,000	-5,000,000	-8,000,000	-66,000,000							23,000,000	23,000,000				17,000,000	17,000,000				6,000,000	6,000,000
net change in non-cash working capital items		28,000,000	307,000,000	-607,000,000	1,225,000,000	-289,000,000	64,000,000	-243,000,000	49,000,000	-314,000,000	735,000,000	-654,000,000	281,000,000	-461,000,000	-11,000,000	-606,000,000	-95,000,000	126,000,000	-326,000,000	-30,000,000	-150,000,000	215,000,000	-139,000,000	21,000,000	50,000,000	837,000,000	-698,000,000	638,000,000	-196,000,000	314,000,000	-304,000,000	94,000,000	645,000,000	-800,000,000	479,000,000	-97,000,000	-330,000,000	163,000,000	-80,000,000	-29,000,000	1,000,000	457,000,000	-61,000,000	-138,000,000	159,000,000	146,000,000	-159,000,000	75,000,000	75,000,000	124,000,000	-97,000,000	119,000,000	-13,000,000	-13,000,000	228,000,000	-197,000,000	394,000,000	-351,000,000	-351,000,000	-130,000,000	667,000,000	-466,000,000	-120,000,000	-120,000,000	147,000,000	13,000,000	-169,000,000	68,000,000	68,000,000	-164,000,000	235,000,000	-614,000,000	567,000,000	567,000,000		513,000,000	24,000,000	-274,000,000	-274,000,000	39,325,000	528,000,000
net cash from continuing operating activities		559,000,000	603,000,000	-515,000,000	1,121,000,000	-1,164,000,000	1,284,000,000	42,000,000	390,000,000	-394,000,000	38,000,000	1,092,000,000
net cash from discontinued operating activities					33,000,000
investing activities
expenditures on property, plant and equipment		-133,000,000	-23,000,000	-332,000,000	121,000,000	415,000,000	-175,000,000	-783,000,000	-29,000,000	207,000,000	7,000,000	-1,271,000,000	-550,000,000	-276,000,000	-49,000,000	-867,000,000	10,000,000	-179,000,000	-869,000,000	-341,000,000	203,000,000	26,000,000	-818,000,000	-59,000,000	-225,000,000	-117,000,000	-482,000,000	-269,000,000
capitalized stripping costs																																														54,000,000	5,000,000	-204,000,000	-204,000,000
expenditures on investments and other assets		44,000,000	-79,000,000	-19,000,000	1,000,000	9,000,000	-10,000,000	-17,000,000	-12,000,000	15,000,000	7,000,000	-44,000,000		4,000,000	49,000,000	-39,000,000	10,000,000	-6,000,000	-44,000,000	-1,000,000	-2,000,000	-23,000,000	-29,000,000	-12,000,000	5,000,000	-16,000,000	-32,000,000	108,000,000
net proceeds from sale of steelmaking coal business
proceeds from sale of assets
proceeds from interest and dividend income		-11,000,000	10,000,000	61,000,000
net cash from continuing investing activities		-112,000,000	-107,000,000	-307,000,000	-9,609,000,000	10,263,000,000	-127,000,000	-1,079,000,000	46,000,000	97,000,000	-917,000,000	-558,000,000
net cash from discontinued investing activities												-14,000,000
financing activities
proceeds from debt							-23,000,000	50,000,000	-17,000,000	-10,000,000	13,000,000	57,000,000		86,000,000	-74,000,000	370,000,000	39,000,000	-279,000,000	577,000,000	-866,000,000	-1,278,000,000	2,238,000,000	446,000,000
redemption, purchase or repayment of debt			-486,000,000	-22,000,000	1,748,000,000	-1,813,000,000	-181,000,000	-32,000,000	-241,000,000	256,000,000	-91,000,000	-177,000,000		-76,000,000	885,000,000	-236,000,000	-87,000,000
repayment of lease liabilities		-1,000,000	-2,000,000	-26,000,000	-5,000,000	22,000,000	0	-39,000,000	-14,000,000	-7,000,000	4,000,000	-36,000,000	-76,000,000	4,000,000	2,000,000	-34,000,000	-1,000,000	1,000,000	-33,000,000	2,000,000	-1,000,000	3,000,000	-43,000,000	-6,000,000	2,000,000	-8,000,000	-31,000,000
qb advances from smm/sc		-150,000,000			159,000,000	-195,000,000
sale of minority interest in steelmaking coal business
interest and finance charges paid		241,000,000	-234,000,000	-55,000,000	-233,000,000	231,000,000	-228,000,000	-106,000,000	-223,000,000	153,000,000	-152,000,000	-95,000,000	-11,000,000	-60,000,000	15,000,000	-111,000,000	-43,000,000	36,000,000	-113,000,000	40,000,000	-26,000,000	31,000,000	-109,000,000	33,000,000	-3,000,000	9,000,000	-110,000,000
issuance of class b subordinate voting shares		3,000,000	-5,000,000	8,000,000	-5,000,000	-102,000,000	55,000,000	54,000,000	0	-23,000,000	11,000,000	19,000,000		29,000,000	-27,000,000	169,000,000	2,000,000	4,000,000	6,000,000						0	-4,000,000	6,000,000	1,000,000	-13,000,000	-11,000,000	28,000,000	26,000,000	4,000,000	6,000,000	-6,000,000	7,000,000																											3,000,000	3,000,000	24,000,000	1,000,000	-3,000,000	4,000,000	4,000,000	-1,652,000,000	1,658,000,000						1,000,000	2,000,000	2,000,000		0	-2,000,000	6,000,000	6,000,000
purchase and cancellation of class b subordinate voting shares		343,000,000	-107,000,000	-380,000,000	-88,000,000	-116,000,000	-208,000,000	-74,000,000							-158,000,000	-90,000,000							-207,000,000	32,000,000	-27,000,000	27,000,000	-180,000,000				-58,000,000	-175,000,000																				-106,000,000	-35,000,000	-35,000,000				-6,000,000	-6,000,000
dividends paid		0	2,000,000	-63,000,000	259,000,000	-258,000,000	1,000,000	-65,000,000	1,000,000	0	256,000,000	-321,000,000		0	3,000,000	-337,000,000	-1,000,000	1,000,000	-27,000,000	1,000,000	-1,000,000	1,000,000	-27,000,000	1,000,000	0	0	-28,000,000	-57,000,000	-1,000,000	1,000,000	-29,000,000	-344,000,000	-228,000,000	29,000,000							57,000,000			-259,000,000				-259,000,000	-259,000,000				-262,000,000	-262,000,000				-235,000,000	-235,000,000				-177,000,000	-177,000,000														-221,000,000	-221,000,000
contributions from non-controlling interests		-51,000,000			83,000,000	-63,000,000	62,000,000	30,000,000	20,000,000	-36,000,000	25,000,000	104,000,000		31,000,000	2,000,000	41,000,000	-7,000,000
distributions to non-controlling interests									-5,000,000	16,000,000	-11,000,000	-12,000,000	-78,000,000	32,000,000	-7,000,000	-18,000,000								1,000,000	3,000,000	-3,000,000	-6,000,000	0	1,000,000	2,000,000	-12,000,000	-56,000,000	4,000,000	14,000,000	-12,000,000	-13,000,000	-11,000,000	-3,000,000	0	-1,000,000	20,000,000	-18,000,000	-1,000,000	-2,000,000	0	-2,000,000	3,000,000	-7,000,000	-7,000,000	5,000,000	7,000,000	-7,000,000	-9,000,000	-9,000,000	11,000,000	-11,000,000	-5,000,000	-6,000,000	-6,000,000	0	-6,000,000	14,000,000	-21,000,000	-21,000,000	-24,000,000	25,000,000	-21,000,000	-13,000,000	-13,000,000				-13,000,000	-13,000,000
settlement of other liabilities		2,000,000	-2,000,000	-5,000,000
net cash from continuing financing activities		591,000,000	-276,000,000	-543,000,000	1,918,000,000	-2,256,000,000	-2,074,000,000	1,564,000,000	-576,000,000	329,000,000	32,000,000	-161,000,000
net cash from discontinued financing activities												-3,000,000
increase in cash and cash equivalents		1,038,000,000	220,000,000	-1,365,000,000	-6,485,000,000	6,763,000,000	-917,000,000	527,000,000	-140,000,000	32,000,000	-830,000,000	356,000,000		-625,000,000	-301,000,000	1,038,000,000	135,000,000			-20,000,000	-50,000,000	924,000,000	-807,000,000	-683,000,000	1,007,000,000	-1,629,000,000	712,000,000	399,000,000	-570,000,000	165,000,000	257,000,000		20,000,000	-267,000,000							240,000,000									1,071,000,000			-317,000,000	-317,000,000	-952,000,000	448,000,000	446,000,000	-605,000,000	-605,000,000	-2,801,000,000	2,678,000,000	54,000,000	214,000,000	214,000,000	-764,000,000			-555,000,000	-555,000,000	-85,000,000	1,214,000,000	-1,664,000,000	782,000,000	782,000,000	-78,100,000	-17,000,000	450,000,000	-348,000,000	-348,000,000		-2,287,000,000
effect of exchange rate changes on cash and cash equivalents		398,000,000	-294,000,000	-8,000,000	530,000,000	-74,000,000	-11,000,000	24,000,000	-29,000,000	36,000,000	-21,000,000	-3,000,000		-195,000,000	86,000,000	-33,000,000			-5,000,000	-10,000,000	11,000,000	-61,000,000	44,000,000	-38,000,000	69,000,000	-15,000,000	-36,000,000	111,000,000	-54,000,000	2,000,000	26,000,000	-49,000,000	34,000,000	-2,000,000	-25,000,000	-1,000,000	4,000,000	28,000,000	88,000,000	-97,000,000	-12,000,000	114,000,000	-180,000,000	157,000,000	-16,000,000	163,000,000	-181,000,000	105,000,000	105,000,000	129,000,000	-145,000,000	35,000,000	59,000,000	59,000,000	172,000,000	-188,000,000	143,000,000	-77,000,000	-77,000,000	-423,000,000	314,000,000	18,000,000	-21,000,000	-21,000,000
cash and cash equivalents at beginning of period		-1,447,000,000	-1,373,000,000	7,587,000,000	6,312,000,000	-377,000,000	551,000,000	744,000,000	-430,000,000	-492,000,000	382,000,000	1,883,000,000		-64,000,000	237,000,000	1,427,000,000	-57,000,000	-81,000,000	450,000,000	67,000,000	117,000,000	-807,000,000	1,026,000,000	90,000,000	-917,000,000	712,000,000	1,734,000,000	-148,000,000	422,000,000	257,000,000	952,000,000		43,000,000	310,000,000	-871,000,000	1,407,000,000	-158,000,000	-214,000,000	-402,000,000	1,887,000,000	160,000,000	-240,000,000	-462,000,000	2,029,000,000	-278,000,000	-255,000,000	-386,000,000	2,772,000,000	2,772,000,000	-549,000,000	-151,000,000	-317,000,000	3,267,000,000	3,267,000,000	289,000,000	-159,000,000	-605,000,000	4,405,000,000	4,405,000,000	2,946,000,000	268,000,000	214,000,000	832,000,000	832,000,000	419,000,000	-16,000,000	-555,000,000	1,329,000,000	1,329,000,000	332,000,000	-882,000,000	782,000,000	850,000,000	850,000,000		102,000,000	-348,000,000	1,408,000,000	1,408,000,000		47,000,000	1,863,000,000	2,098,000,000	2,098,000,000
cash and cash equivalents at end of period		-11,000,000	-1,447,000,000	6,214,000,000	357,000,000	6,312,000,000	-377,000,000	1,295,000,000	-599,000,000	-430,000,000	-492,000,000	2,265,000,000		-755,000,000	-64,000,000	2,465,000,000	78,000,000	-57,000,000	369,000,000	47,000,000	67,000,000	117,000,000	219,000,000	-593,000,000	90,000,000	-917,000,000	2,446,000,000	251,000,000	-148,000,000	422,000,000	1,209,000,000		63,000,000	43,000,000	310,000,000	536,000,000	294,000,000	-158,000,000	-214,000,000	1,485,000,000	400,000,000	160,000,000	-240,000,000	1,567,000,000	176,000,000	-278,000,000	-255,000,000	2,386,000,000	2,386,000,000	522,000,000	-549,000,000	-151,000,000	2,950,000,000	2,950,000,000	-663,000,000	289,000,000	-159,000,000	3,800,000,000	3,800,000,000	145,000,000	2,946,000,000	268,000,000	1,046,000,000	1,046,000,000	-345,000,000	419,000,000	-16,000,000	774,000,000	774,000,000	247,000,000	332,000,000	-882,000,000	1,632,000,000	1,632,000,000		85,000,000	102,000,000	1,060,000,000	1,060,000,000		-2,240,000,000	2,618,000,000	1,390,000,000	1,390,000,000
gain on disposal of assets			-1,000,000	-5,000,000
remeasurement of decommissioning and restoration provisions for closed operations					-50,000,000	10,000,000	35,000,000	-32,000,000	179,000,000	-42,000,000	-12,000,000	11,000,000		219,000,000	77,000,000	-83,000,000	-30,000,000	103,000,000	-47,000,000	142,000,000	-60,000,000
capitalized production stripping costs			13,000,000	-61,000,000	2,000,000	175,000,000	59,000,000	-318,000,000	91,000,000	-90,000,000	75,000,000	-310,000,000	-617,000,000	-136,000,000	46,000,000	-233,000,000	3,000,000	-41,000,000	-134,000,000	-10,000,000	-13,000,000	75,000,000	-172,000,000	7,000,000	11,000,000	29,000,000	-199,000,000	-11,000,000	13,000,000	22,000,000	-197,000,000	-678,000,000	-3,000,000	-2,000,000	-21,000,000	-152,000,000	-20,000,000	34,000,000	37,000,000	-159,000,000	-30,000,000	29,000,000	-9,000,000	-166,000,000
proceeds from sale of assets and other			-28,000,000	44,000,000
provision for (recovery of) income taxes from continuing operations				137,000,000
recovery of (provision for) income taxes from continuing operations
loss on disposal or contribution of assets
net proceeds (outflows) from sale of discontinued operations and other
change in cash classified as held for sale											-23,000,000	29,000,000
loss from continuing operations for the period
gain on disposal or contribution of assets						-2,000,000	2,000,000	-8,000,000
impairment of intangible assets
proceeds from sale of fort hills												1,014,000,000
proceeds from investments and other assets
other liabilities						65,000,000	-58,000,000	-14,000,000	10,000,000	-1,000,000	-8,000,000	-8,000,000		-9,000,000	43,000,000	3,000,000
profit from continuing operations for the period							-47,000,000	432,000,000				1,201,000,000
qb variable consideration to imsa and enami
proceeds from investments and assets							-1,000,000	39,000,000	-4,000,000	-35,000,000	8,000,000	53,000,000		11,000,000	-6,000,000	9,000,000	17,000,000	-1,000,000	11,000,000	-60,000,000	59,000,000	-52,000,000	61,000,000	-6,000,000	-13,000,000	20,000,000	13,000,000
acquisition of non-controlling interest in evr by nsc								1,675,000,000
qb2 variable consideration to imsa and enami								20,000,000	190,000,000	-189,000,000	112,000,000	2,000,000		-53,000,000	-22,000,000	99,000,000
qb2 advances from smm/sc								85,000,000	58,000,000	-104,000,000	70,000,000	308,000,000		98,000,000	1,000,000	121,000,000	-19,000,000
profit for the period from continuing operations									128,000,000	-201,000,000
loss on debt redemption or purchase
provision for income taxes										-15,000,000	-319,000,000	655,000,000	2,052,000,000	191,000,000	-831,000,000	892,000,000									51,000,000	-219,000,000	339,000,000	-68,000,000	-39,000,000	-39,000,000	407,000,000	1,438,000,000		25,000,000	-15,000,000	345,000,000			21,000,000	26,000,000
gain on sale or contribution of assets											251,000,000	-266,000,000
profit for the year													3,945,000,000																			2,538,000,000
finance expense													77,000,000																29,000,000	10,000,000	45,000,000	229,000,000	-1,000,000	-13,000,000	-20,000,000	79,000,000	-4,000,000	5,000,000	-12,000,000	96,000,000	1,000,000	1,000,000	-1,000,000	79,000,000	2,000,000	4,000,000	6,000,000	69,000,000	69,000,000	-2,000,000	-4,000,000	-1,000,000	88,000,000	88,000,000	-25,000,000	-8,000,000	-14,000,000	165,000,000	165,000,000	9,000,000	25,000,000	4,000,000	131,000,000	131,000,000
foreign exchange gain													-35,000,000
decommissioning and restoration provisions settled													-26,000,000
retirement benefit													25,000,000
net funding (to) by owner													-3,254,000,000
distributions to owner													-2,005,000,000
proceeds from other liabilities													30,000,000
repayment of other liabilities													-19,000,000
increase in cash													5,000,000
cash at beginning of year													2,000,000
cash at end of year													7,000,000
impairment reversal
revolving credit facilities																	-697,000,000	381,000,000	-44,000,000
cash balance related to assets held for sale
profit for the period															-1,908,000,000	1,558,000,000	580,000,000	-32,000,000	292,000,000	-498,000,000	210,000,000	126,000,000	-311,000,000	-1,284,000,000	123,000,000	-394,000,000	644,000,000	-845,000,000	646,000,000	-122,000,000	766,000,000		161,000,000	24,000,000	3,000,000	580,000,000	476,000,000	217,000,000	-83,000,000	95,000,000	1,686,000,000	-2,223,000,000	-4,000,000	72,000,000									329,000,000	329,000,000				241,000,000	241,000,000				487,000,000	487,000,000
share issued for cash
cash at beginning of period
cash at end of period
cash
share capital
provision for (recovery of) income taxes																	305,000,000	0	209,000,000	-95,000,000	85,000,000	3,000,000	-69,000,000														276,000,000				545,000,000
gain on sale of investments and assets																			-1,000,000				-20,000,000	-4,000,000			-7,000,000	888,000,000			-2,000,000	-51,000,000	7,000,000	-22,000,000	10,000,000	-11,000,000	-5,000,000	57,000,000	-47,000,000	-16,000,000			29,000,000	-35,000,000											23,000,000	-2,000,000	-20,000,000	-3,000,000	-3,000,000		89,000,000	-116,000,000	-10,000,000	-10,000,000	140,000,000	-139,000,000							-205,000,000	-205,000,000
contributions from (distributions to) non-controlling interests																			-3,000,000				1,000,000
decrease in cash and cash equivalents																			-81,000,000													-455,000,000				-871,000,000		56,000,000	188,000,000	-402,000,000			222,000,000	-462,000,000		-23,000,000	131,000,000	-386,000,000	-386,000,000
asset impairments																																					242,000,000				-2,159,000,000
gain on debt prepayment option
redemption or purchase and repayment of debt																				836,000,000	930,000,000
qb2 equity contributions by smm/sc
qb2 partnering and financing transaction costs paid																						6,000,000	-7,000,000
foreign exchange gains																							-8,000,000				-5,000,000					-5,000,000			2,000,000	-12,000,000																											-10,000,000	-10,000,000	6,000,000
gain on debt prepayment options																																-51,000,000	33,000,000	3,000,000	-2,000,000	-21,000,000	83,000,000
remeasurement of drp1 liability for closed operations																							-117,000,000
repayment of debt																							-226,000,000											354,000,000	1,129,000,000	-1,511,000,000	-142,000,000	1,230,000,000	-1,618,000,000	-6,000,000	-393,000,000	29,000,000	-27,000,000	-15,000,000	0	8,000,000	-10,000,000	-14,000,000	-14,000,000	-9,000,000	0	6,000,000	-12,000,000	-12,000,000	339,000,000	-1,018,000,000	1,274,000,000	-1,288,000,000	-1,288,000,000	4,000,000	-4,000,000	56,000,000	-67,000,000	-67,000,000	257,000,000	-992,000,000	1,583,000,000	-2,019,000,000	-2,019,000,000	1,612,000,000	3,708,000,000	-5,590,000,000	-82,000,000	-82,000,000
qb22 advances from smm/sc3
loss on debt prepayment options																										35,000,000	-70,000,000	56,000,000	-43,000,000	8,000,000	12,000,000
qb21 advances from smm/sc2
loss on debt redemption
redemption and repayment of debt
advances from smm/sc1																										-887,000,000	900,000,000
equity contributions by smm/sc																											391,000,000
qb22 partnering and financing transaction costs paid																									15,000,000
qb22 partnering transaction costs paid																											-14,000,000
asset impairments and																																-163,000,000
foreign exchange loss																												22,000,000																											-3,000,000	-14,000,000
loss on debt repurchase																																216,000,000			-140,000,000	178,000,000																			75,000,000			414,000,000	414,000,000
repurchase and repayment of debt																												1,302,000,000	-1,326,000,000	28,000,000	-36,000,000	-1,929,000,000
debt interest and finance charges paid																												58,000,000	-63,000,000	59,000,000	-129,000,000	-495,000,000	42,000,000	-50,000,000	89,000,000	-176,000,000	62,000,000	-101,000,000	135,000,000	-209,000,000
proceeds from the sale of investments and assets																																																																	146,000,000	-8,000,000	-1,073,000,000	1,082,000,000	1,082,000,000	159,000,000	-129,000,000	37,000,000	95,000,000	95,000,000		8,000,000
loss on sale of investments and assets																																									-71,000,000
expenditures on financial investments and other assets																														-88,000,000	-31,000,000	-309,000,000	-82,000,000	-46,000,000	7,000,000	-39,000,000		-23,000,000	-3,000,000	-22,000,000	2,000,000	-4,000,000	32,000,000	-43,000,000	-6,000,000	12,000,000	-10,000,000	-8,000,000	-8,000,000		26,000,000	-29,000,000	-82,000,000	-82,000,000
proceeds from the sale of investments and other assets																														-10,000,000	35,000,000	109,000,000	-3,000,000	-2,000,000	-64,000,000	77,000,000	-44,000,000	-35,000,000	72,000,000	17,000,000	504,000,000	305,000,000	-20,000,000	42,000,000	5,000,000	9,000,000	1,000,000	2,000,000	2,000,000			0	2,000,000	2,000,000	-17,000,000	30,000,000	-4,000,000	5,000,000	5,000,000	8,000,000	-71,000,000	113,000,000	21,000,000	21,000,000
issuance of debt																																																12,000,000	12,000,000						-1,710,000,000			983,000,000	983,000,000						-1,423,000,000	1,457,000,000
cash and cash equivalents at beginning of year																																1,407,000,000
benefit from income taxes
gain on debt repurchase																																					22,000,000
purchase of property, plant and equipment																																						-51,000,000	-27,000,000	-298,000,000	-183,000,000	-20,000,000	42,000,000	-371,000,000	-77,000,000	-8,000,000	65,000,000	-400,000,000	-400,000,000		-43,000,000	-55,000,000	-388,000,000	-388,000,000				-319,000,000	-319,000,000				-226,000,000	-226,000,000
items not affecting operating cash flows:
debt interest paid																																									148,000,000	-149,000,000	138,000,000	-177,000,000	122,000,000	-123,000,000	125,000,000	-158,000,000	-158,000,000	119,000,000	-119,000,000	112,000,000	-143,000,000	-143,000,000	79,000,000	-45,000,000	45,000,000	-138,000,000	-138,000,000			-107,000,000	-34,000,000	-34,000,000
share of losses of associates and joint ventures																																												1,000,000
provision for (recovery of) deferred income taxes																																											28,000,000	2,000,000
items not affecting operating cash flow:
share of losses (income) of associates and joint ventures
benefit from (recovery of) deferred income taxes
profit																																														0	8,000,000	77,000,000	77,000,000	-33,000,000	114,000,000				-35,000,000	-91,000,000				-180,000,000	56,000,000
adjustments:
provision (recovery) for deferred income and resource taxes																																																-15,000,000	-15,000,000
share of losses of associates																																															0	1,000,000	1,000,000				1,000,000	1,000,000				3,000,000	3,000,000
foreign exchange (gains) losses
adjustments for:
provision for deferred income and resource taxes																																																					69,000,000					70,000,000					81,000,000
unrealized gains on derivatives
financial investments and other assets																																																							-17,000,000	-9,000,000				-256,000,000	-15,000,000
acquisition of silverbirch energy corporation
benefit from deferred income and resource taxes																																																						69,000,000					70,000,000					81,000,000
items not affecting cash
share of loss of associates																																																													5,000,000		3,000,000	3,000,000
unrealized gain on derivatives																																																																6,000,000
foreign exchange (gains) loss
mine development																																																			29,000,000
unrealized loss on derivatives																																																															6,000,000
unrealized losses on derivatives																																																										-66,000,000
production stripping capitalized costs																																																					-210,000,000	-210,000,000
unrealized losses (gains) on derivatives																																																											-66,000,000
provision (recovery of) for deferred income and resource taxes
asset write-downs
finance income																																																							-17,000,000	6,000,000	-2,000,000	-31,000,000	-31,000,000	-8,000,000	-1,000,000	-1,000,000	-25,000,000	-25,000,000
provision for deferred income and
resource taxes
purchase and cancellation of
class b subordinate voting shares
benefit from deferred income and
share of gain of associates
purchase of financial investments and other assets																																																										-168,000,000	-168,000,000				-18,000,000	-18,000,000
gains on sale of investments and assets
decrease in restricted cash
earnings from continuing operations																																																																	42,000,000	69,000,000	-651,000,000	937,000,000	937,000,000
provision for future income and resource taxes																																																																									58,000,000	58,000,000
equity loss																																																																	3,000,000	-1,000,000
investments and other assets																																																																	16,000,000	-17,000,000										-30,000,000	88,000,000	-203,000,000	-203,000,000		-98,000,000
effect of exchange rate changes on cash and
cash equivalents
increase in cash and cash equivalents from continuing operations																																																																	-764,000,000								769,000,000	769,000,000				-386,000,000	-386,000,000
cash received from discontinued operations																																																																									13,000,000	13,000,000				38,000,000	38,000,000
benefit from future income and resource taxes
decrease (increase) in restricted cash
cash received (paid) from discontinued operations
loss on debt repurchase and accretion
cash equivalents held in us dollars																																																																		-28,000,000	45,000,000	-29,000,000	-29,000,000	34,000,000	-18,000,000
supplemental cash flow information
amortization and write-off of debt financing fees
increase in temporary investments																																																																									-2,000,000	-2,000,000
decrease in cash and cash equivalents from continuing operations
increase in cash and cash equivalents from continuing operations operations																																																																				-555,000,000	-555,000,000	238,000,000	1,024,000,000
net earnings from continuing operations																																																																						-167,000,000	62,000,000	292,000,000	229,000,000	229,000,000		-72,000,000	161,000,000	343,000,000	343,000,000		15,000,000
investment in oil sands and other assets																																																																						36,000,000	20,000,000	160,000,000	-232,000,000	-232,000,000
acquisition of fording canadian coal trust
distributions received from equity accounted investments
increase in restricted cash
repayment of capital leases																																																																									-9,000,000	-9,000,000
cash received
equity (earnings) loss																																																																									1,000,000	1,000,000				6,000,000	6,000,000
unrealized foreign exchange losses on debt																																																																									244,000,000	244,000,000
effect of exchange rate changes on cash and cash equivalents held in u.s. dollars																																																																									17,000,000	17,000,000				-36,000,000	-36,000,000		114,000,000
issuance of short-term debt
issuance of long-term debt																																																																																			16,000,000	16,000,000
repayment of short-term debt
repayment of long-term debt																																																																														-31,000,000	-31,000,000
capital lease payments
redemption of exchangeable debentures
acquisition of aur resources inc.
proceeds from other assets
net income from continuing operations
items not using (providing) cash:
depreciation and depletion
loss on disposal of assets
provision for asset retirement obligations
unrealized gain on foreign exchange forward contracts
unrealized foreign exchange loss on long-term debt
future income tax expense
other items
non-controlling interest
change in accounting policy for in-process inventory
gain on reduction of interest in evcp
gain on issuance of partnership interest
operating cash flow from discontinued
operation - nyco
decrease in non-cash working capital
cash from operating activities
capital expenditures
free cash flows
additions to capital assets
proceeds on disposal of assets
proceeds on sale of nyco
investing cash flow from discontinued
cash from investing activities
distributions paid
increase in long-term debt
issuance of units
decrease in bank indebtedness
redemption of units
proceeds on issuance of partnership interest
financing cash flow from discontinued
cash from financing activities
cash and cash equivalents - beginning of year
cash and cash equivalents - end of year
purchase and cancellation of class b subordinate
distributions to minority interests																																																																												37,000,000
cash held in trust
from continuing operations
effect of exchange rate changes on cash and cash equivalents held in us dollars
increase in cash and cash equivalents from
continuing operations
future income and resource taxes																																																																														7,000,000	7,000,000	-4,041,000			21,000,000	21,000,000
minority interests																																																																														27,000,000	27,000,000
proceeds from sale of investments and assets																																																																														2,000,000	2,000,000		-3,000,000	-102,000,000	110,000,000	110,000,000
decrease in temporary investments
benefit from asset retirement obligations
unrealized foreign exchange gain on long-term debt
decrease
net earnings for the year																																																																																134,711,000
non-cash items —
mine closure and site restoration																																																																																679,000
gain on sale of marketable securities
loss on disposal of property, plant and equipment																																																																																9,000
interest on obligation on properties purchased																																																																																18,000
stock-based compensation																																																																																2,191,000
copper price participation																																																																																32,112,000
unrealized loss on zinc forward contracts																																																																																159,007,000
dividends on common shares																																																																																-25,457,000
repayments of capital leases																																																																																-3,334,000
payments to non-controlling interests																																																																																-84,508,000
payment of copper price participation to enami																																																																																-5,916,000
common shares issued																																																																																10,975,000
foreign exchange and other																																																																																-341,000
payment of copper price participation																																																																																-10,000,000
mineral property development																																																																																-64,339,000
payments on properties purchased																																																																																-245,000
proceeds on sale of marketable securities
proceeds on disposal of property, plant and equipment																																																																																542,000
repayments of advances by quebrada blanca minesite employees																																																																																1,039,000
increase in cash for the year																																																																																269,034,000
cash — beginning of year																																																																																361,263,000
cash — end of year																																																																																630,297,000
additional proceeds from sale of discontinued operation
exchangeable debentures
the accompanying notes are an integral part of these financial statements. see note 9(e) for additional information on share split.
net earnings																																																																																			448,000,000	448,000,000
items not affecting cash:
investment in fort hills energy limited partnership

Teck Resources Limited(NYSE:TECK)

Teck Resources Limited
(NYSE:TECK)