Teck purchases Goldcorp’s 21% of San Nicolás (Mexico) copper-zinc project to own 100%

— Photo courtesy Goldcorp/Flickr Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has announced that its Mexican subsidiary has

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— Photo courtesy Goldcorp/Flickr

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has announced that its Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21% minority interest in the San Nicolás Project located in Zacatecas, Mexico for cash consideration of US$50 million.

On completion of the transaction Teck will own 100% of the San Nicolás Project. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.