Teck Resources Limited (NYSE:TECK) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET

Company Participants

Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis
Jonathan Price - Chief Executive Officer
Crystal Prystai - Senior Vice President, Corporate Controller & Chief Financial Officer
Robin Sheremeta - President, Coal Business Unit
Shehzad Bharmal - Senior Vice President, Base Metals
Ian Anderson - Chief Commercial Officer

Conference Call Participants

Orest Wowkodaw - Scotiabank
Liam Fitzpatrick - Deutsche Bank
Nick Giles - B. Riley Securities
Carlos De Alba - Morgan Stanley
Bill Peterson - JPMorgan
Brian MacArthur - Raymond James
Dalton Baretto - Canaccord Genuity

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Teck's First Quarter 2024 Earnings Release Conference Call. At this time all participants are in listen only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] This conference call is being recorded on Thursday, April 25, 2024.

I would now like to turn the conference over to Fraser Phillips, Senior Vice President, Investor Relations and Strategic Analysis. Please go ahead.

Fraser Phillips

Thanks, Kaylene. Good morning, everyone. Thank you for joining us for Teck's first quarter 2020 conference call. Please note, today's call contains forward-looking statements. Various risks and uncertainties may cause actual results to vary. Teck does not assume the obligation to update any forward-looking statements. Please refer to slide 2 for the assumptions underlying our forward-looking statements.

In addition, we will reference various non-GAAP measures throughout this call. Explanations and reconciliations regarding these measures can be found in our MD&A and the latest press release on our website.

Jonathan Price, our CEO, will begin today's call with highlights from our first quarter results. Crystal Prystai, our CFO, will follow with additional color on the quarter. Price will then conclude today's session with an update on our key base metals markets and our progress on copper growth in the quarter, followed by a Q&A session.

With that, I'll turn the call over to Jonathan.

Jonathan Price

Thank you, Fraser, and good morning, everyone. Starting on slide 4, which highlights from a strong first quarter across our business. We completed all major construction at QB, including the ship loader and molybdenum plant. Our completed port facility, we marked the first shipments of concentrate. And I was acutely last week to see the second ship of being loaded and departing on time. It was a beautiful site. We also continue to advance the ramp-up of the molybdenum plant.