0901 ET - Teck Resources cuts were bigger than expected, and the cause will weigh on production for a couple of years. TD Cowen analyst Craig Hutchison says in a report that 3Q production was weak as operations shut down for 20 days to raise the tailings dam crest. This will continue to be a problem into 2028, the analyst notes, as the slower waste-facility ramp-up continues to hamper production, which will also increase costs. "Cuts to 2025-2028 guidance fall below our previously reduced estimates with additional downside risk to production if efforts to combat the tailings-management facility sand drainage continue to be challenging," Hutchison says, which appears to be the case. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 09:01 ET (13:01 GMT)

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