Today we review Teck Resources for you. What is Teck Resources? What do they offer to you (the investor)? Are there better alternatives for you in this space? This are just a few of the questions we help you answer in this review!
Name of the company: Teck Resources
Official Website URL: https://www.teck.com/
CEO: Donald R. Lindsay
Products: Zinc, steel-making coal, copper, mining stocks
Teck Resources Limited, which was previously known as Teck Cominco claims to offer a value that every investor can rely on for the sustainable growth of their wealth. In this review, we shall be checking whether this claim holds, by answering the following questions:
– What is Teck Resources about?
– How does it go about its operations?
– Which products does this company bring to the market?
– Is it legit?
– Which investment opportunities does Teck Resources offer to investors?
– Which alternatives to these investments can investors also rely on?
– What are the pros and cons of Teck Resources?
What is Teck Resources about?
Teck Resources exists as a diversified mining company that is fully committed to the responsible extraction of minerals and the development of mines. Its business units are mainly focused on the mining of steel-making coal, copper, zinc, and the production of energy.
This Vancouver-headquartered company owns or has an interest in 13 operational mines, has a large metallurgical complex and is the owner of a couple of development projects located in the Americas. Teck prides itself on bearing the necessary expertise to tackle a number of activities that are quite prominent in the mining industry, including the processing of minerals, smelting, and refining.
At the top of Teck’s priorities is to ensure that it upholds the health and safety of its employees, the protection of the environment through sustainable mining, the stewardship of its materials, and the recycling of waste products.
How it works
This company’s corporate strategy is focused on the exploration, development, acquisition, and operation of world-class and long-life mining assets that are located in stable jurisdictions, and those that operate through numerous price cycles. Teck Resources maximizes its efficiency and productivity in all its existing operations, tries to maintain a strong balance sheet, and through the recognition and execution of all outstanding opportunities.
This company’s pursuit of sustainability provides the guidance it needs to approach its business operations. It also helps them recognize that its success is dependent on the establishment of safe workplaces for the employees to extract the minerals, as well as the formation of collaborative relationships with the local residents.
This company’s principal product includes:
– Steel-making coal
These products are produced in the following mines:
Coal (All the coal mines are located in British Columbia)
– Cardinal River Mine
– Fording River coal Mine
– Elkview Mine
– Greenhills Mine
– Line Creek Mine
– Coal Mountain
– Red Dog Mine in Alaska
– The extraction of zinc also results in the production of silver and lead as by-products.
– Highland Valley Copper Mine in British Columbia
– Antamana Mine in Peru
– Andacollo Mine in Chile
– Quebrada Blanca Mine in Chile
Is it a genuine company?
Teck Resources is a genuine company. It runs under the able leadership of Norman B Keevil (Board Chairman), and Donald R. Lindsay (President and CEO), who are both reputable figures within the mining industry. This company’s diversified portfolio of mineral assets has earned it very huge revenues. In 2018 for instance, this company earned more than C$12 billion. Most of the companies in the mining sector do not actually get to achieve a fraction of what this company achieves in one year financially. Also, this company’s assets are distributed across different jurisdictions, and this makes it hard for it to proceed with illegal activities unmarked.
You can, in your capacity as an investor, rely on Teck Resources’ stocks to grow your wealth. This company offers you valuable mining stocks whose performance in the market is backed by its exemplary performance. Teck Resources is a publicly-traded company and has its stocks offered through the Toronto Stock Exchange. They are traded under the tickers TECK.A. and TECK.B. Not forgetting that these stocks are an S&P/TSX 60 component, which investors can also utilize to make an investment income.
Alternatives to Teck Resources stocks
Even after having established that Teck Resources’ stocks are backed by its excellent financial performance, I cannot also fail to bring to light the fact that the poor performance of this company can also impact their price. Without sufficient knowledge of how hard calamity may strike and take down your investment with it, you may end up living all your days in fear. Instead of exposing yourself in this manner, you can reach out to a precious metals IRA Company such as Regal Assets, have them set up your IRA account, and for you to start investing in physical gold. Physical gold prices have actually been found to rise when calamity, such as financial crises strike.
Investing in mining stocks is not a walk in the park. There are many external forces in the market that affect their prices. Which is why you would need to rely on Resource Insider to narrow down your chances at the failure dramatically. Resource Insider gives you the insight you need to place your investment money on the deals that are guaranteed to be profitable as opposed to simply taking risks with your hard-earned money.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positives against the negatives to get a better overall view of something, before you make any decisions. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Earns huge revenues
– A diverse portfolio of mines
– Takes worker safety seriously
– Does sustainable mining
– Teck’s stock prices can change drastically due to external market forces.
Do You Own or represent Teck Resources?
If you are a representative, or associate of Teck Resources and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Teck Resources pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Teck Resources to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com