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REUTERS SANSCRIPT Q2 2015 Te

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LY 23, 2015

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ed profit aattributable to

1

JUL


C O Gre Don Ron Ian Réa Sco Dale Joh

C O Alek Har Ore Gre Geo Osc Jorg Bria Dav Alex Jere Ker Dav

P R

Ope

Lad (Ope LateI woAnal

LY 23, 201

MSON REUTERS


R P O R A Teg Waller Ten Lindsay Tn Millos TecKilgour Tec

al Foley Tecott Wilson Te Andres Te

hn Gingell T

N F E R E N Cksandra Bu

rry Mateer Best Wowkodeg Barnes Toffrey McKicar Cabrerage Beristainan MacArthvid Charles x Terentiewemy Sussmrry Smith Havid Wang M

R E S E N T A

rator

ies and gen

erator Instruc

r, we will could like to tlysis. Please

5 / 03:00PM

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E P A R T Ieck ResourcTeck Resourcck Resourceck Resourceck ResourcesTeck Resoureck Resourc

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C E C A L Lukacheva BMBarclays Capdaw ScotiabaTD Securitiesnney BofA M

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C I P A N T Sces Limited - ces Limited s Limited - C

es Limited - Es Limited - V

rces Limited ces Limited -rces Limited

L P A R T I CMO Capital Mpital - Analysank - Analyss - Analyst Merrill Lynchll Lynch - AnBank - Analy

nalyst pital MarketsJames Finann Capital Ma

curities Inc. -Analyst

nk you for st

estion and anference oveSir.

CK.B.TO - Q

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S VP of IR & - President

CFO EVP & COOVP, Coal Ma- VP of Trea- SVP, Copp- VP & Cont

C I P A N T SMarkets - Anst st

h - Analyst nalyst lyst

s - Analyst ncial Servicearkets - Anal- Analyst

anding by. W

nswer sessioer to Mr. Gre

Q2 2015 Te

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Strategic An& CEO

O arketing asury per troller

nalyst

es, Inc. - Analyst

Welcome to

on. This coneg Waller, V

eck Resour


nalysis

alyst

Teck Resou

nference callVice Preside

rces Ltd Ea

urces Q2 ear

is being recent Investor

arnings Call

rnings call.

corded on JuRelations a

l

uly 23, 2015and Strategic

2

5. c

JUL


Greg

GooBefodoescausWith

Don

Thaand a Q&ques Our thanstartongosigniin Jubegadepr In adline we amillio Finacitizecom50 s Lookyearprofia ongove Afterfrom ToucProdcomtonn We a I willwere

LY 23, 201

MSON REUTERS


g Waller - T

od morning, ore we begins contain forse actual resh that, I'd like

n Lindsay -

anks, Greg, then Ron M

&A session wstions.

industry con the same q

t of the yearoing focus oificantly by louly. We will an rotating treciation and

ddition, we hof credit by announced con in cash. I

lly, we wereenship and pany on Corocially respo

king at the or, but gross tability was

ne-time item ernment.

r removing um the same p

ching on somduction waspleted its rees of zinc co

also reduced

l now reviewe 300,000 to

5 / 03:00PM

S STREETEVEN


eck Resour

everyone ann, I'd like to drward-lookingsults to varye to turn call

Teck Resou

and good millos, our CFwhen Ron a

ntinues to faquarter last r as the maron cost manower oil priccontinue to emporary sh

d amortizatio

have taken sone year anchanges to n total, we c

e honored tosocial resporporate Knigonsible corpo

overview of profit was

down by CArelated to t

unusual itemperiod last ye

me operatio up for all

estart in the oncentrate b

d unit costs

w our quarteonnes lower

M GMT, TC

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rces Limited

nd thank yodraw your ag statements

y. Teck doesover to Don

urces Limit

morning, eveFO, will provand myself a

ace difficult year. Steelm

rket continuenagement aces and the U

have a dischutdowns aton in each ou

steps to signnd we addeour gold str

currently hav

o be recognionsibility. Te

ghts' Best 50orations in C

our second up 6%, ag

AD17 millionhe recent in

ms though, aear to CAD7

onal highlighof our majquarter and

by the end of

in both copp

erly results bin the quart

CK.B.TO - Q

etevents.com |


d - VP of IR

u for joiningttention to ths regarding s not assumn Lindsay, ou

ted - Preside

eryone. I wilide additiona

and several

conditions. making coal es to be ovend operationUS dollar reciplined appt each of ouur business

ificantly enhd a new tworeaming arrave over CAD

zed again aeck is the f0 Corporate Canada by S

quarter resugain reflectin at CAD63 m

ncrease in A

djusted prof9 million or C

ts from the jor productsd is expectef Q3.

per and coal

by business ter, they we

Q2 2015 Te

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& Strategic

us for Teckhe forward-loour busines

me the obligaur President

ent & CEO

l begin with al color fromother memb

In Q2, pricespot prices

ersupplied. Wnal performamaining at faroach to ma

ur six coal ounits this qu

hance our liqo year, $1.2 angement w

D6.5 billion in

as one of thefourth rankeCitizens in C

Sustainalytics

ults on slideng the resumillion due toAlberta's prov

fit attributablCAD0.14 pe

second quas, and this ed to achiev

by 9% and

unit startingre higher tha

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c Analysis

k’s second qooking infors. However,

ation to updaand CEO.

a brief ovem a financial bers of the te

es for all of s have fallenWe are respance. We cfavorable levanaging our perations in

uarter reflect

quidity. In Q2 billion facili

with RGLD wn liquidity, in

e top corpored company Canada list. s.

e 4, revenuelts of our co a higher pvincial tax r

le to sharehoer share des

arter on slideincludes pr

ve its annua

10% respec

g with steelman our quar

rces Ltd Ea

quarter 2015rmation on s, various riskate any forw

erview of ouperspectiveeam would

our major cn by around ponding to thcontinue to lvels in the qu

mine produn June. Imprts our close

2 we extendity. Also, suwhich genercluding our

rations in Caoverall and

We were als

e of CAD2 bcost manageprovisional tarates implem

olders was aspite lower co

e 5. Our operoduction fro

alized produc

ctively.

making coalrterly guidan

arnings Call

5 results conslide 2. This ks and unceward-looking

r second que. We will thebe happy to

commodities$25 per ton

hese conditilower unit cuarter and suction and inroved gross attention to

ed our existbsequent torated an addundrawn cre

anada for bod the top-raso named o

billion was flement prograx rate, mucmented there

actually up Commodity pr

erations perom Pend Oction capaci

l on slide 6.ce at 6.5 m

l

nference callpresentationrtainties may

g statements

uarter resultsen close witho answer any

s were lowenne from theions with ou

costs, helpedstrengtheningnventory andprofit beforecosts.

ing revolvingo quarter endditional $162edit facilities

oth corporateanked miningne of the top

at to Q2 lasram. Overa

ch of which ise by the new

CAD7 millionrices.

rformed wellOreille whichity of 44,000

While salesillion tonnes

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s.

s h y

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JUL


and guid Howimpamiddrealizdolla Prodtake tonnbefo Lookfor thtimeCADevolv We ccustotonn Turnmillio Prodyear We rour gto CA At Qgrouthe sexpeguid And Lookare achiesince Lowewereexpeseas Prodthrou

LY 23, 201

MSON REUTERS


we achieveance was 6

wever, ongoinact coal pricedle of the quzed price ca

ar basis, our

duction was temporary

e and transpre depreciat

king forwardhe third qua, we mainta

D65 million. ve and we p

continue to somers basees, including

ning to our bon. Average

duction was r.

reduced ourguidance forAD317 millio

Quebrada Bund movemesecond half ect full year ance range.

finally, as p

king at our zreported in eved commee April 1.

er zinc conce more refleect sales of sonal sales p

duction of ziughput and a

5 / 03:00PM

S STREETEVEN


d record samillion tonne

ng oversuppes. Spot pric

uarter, and same in at thaverage rea

up 200,000shutdowns bportation costion and amo

, as I mentiarter and redined our anWe have sa

plan to review

support our d on $93 peg spot sales

base metalsrealized pri

6,000 tonne

r total cash ur a significanon.

lanca, we teent in the SX

of the year copper pro

lanned, Duc

inc businessour copper

ercial produ

centrate salective of the 170,000 tonpattern.

inc concentralso includin

M GMT, TC

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les in the fires.

plied market ces were do

since roughlyhe low end oalized price w

tonnes in thbeginning insts were alsortization wa

oned earlierduced our pnual coal coaid that we w our Q4 pro

long-term cuer tonne for t.

s business ace was dow

es higher tha

unit cost by nt reduction

emporarily sX-EW plant a

is expectedoduction of 3

ck Pond ceas

s unit on slidr business uction at the

es were due production r

nnes of conta

rate was upng Pend Ore

CK.B.TO - Q

etevents.com |


rst half of th

conditions aown close to y half of our of historical was down C

he quarter cn late June. so lower. Coas actually u

r, we have bproduction gost guidance

will consideoduction leve

ustomers. Fothe highest q

and starting n 13% in US

an the same

CAD0.15 pethis year. G

suspended area. Partial to be 5,000340,000 to

sed operatio

de 8, and pleunit as usuaend of the f

to normal serate at Trailained zinc in

p, principallyeille contribut

Q2 2015 Te

Contact Us


he year. Tha

and indicatioCAD15 persales are prange at 87

CAD6 per ton

compared toWe also sigsts have falp 6% to CAD

begun tempoguidance by e and reduceer additionaels around t

or Q3, coal pquality produ

with coppeS dollar term

e quarter last

er pound or ross profit b

cathode proproduction h0 to 10,000 350,000 ton

ons on June

ease note thal. Duck Poirst quarter,

easonal vari. Red Dog’sn Q3 and 20

y at Red Dotion.

eck Resour


at is, our sa

ons of weaker tonne in the

priced on sho7% of the qunne to CAD1

o last year, agnificantly relen even furD215 million

orary shutdoapproximat

ed our annual productionhe end of Se

prices have uct, and we

er on slide 7ms and sales

t year and 1

9% on a USbefore depre

oduction onhas since retonnes of connes, that's

30 after exh

at Antaminaond officiallyso its earnin

iability at Res shipping se00,000 tonne

og as it cont

rces Ltd Ea

les were 6.5

ening demane quarter anorter term pruarterly ben116.

and this waseduced coal rther in US dn.

owns at eactely 1.5 milliual capitalizen adjustmeneptember.

been agreedexpect sale

7. Revenue s were up by

2,000 tonne

S dollar baseciation and

n June 25 foesumed. Theopper cathoin the botto

hausting it's

a and Duck Py closed onngs have be

ed Dog and eason commes in Q4, co

tinues to be

arnings Call

5 million ton

nd in China nd even lowericing arrangchmark. On

s prior to ousite costs b

dollar terms.

ch of our coaon tonnes.

ed stripping nts as marke

d with the mes to be at le

was up 8%y 10,000 tonn

es higher tha

sis, and that'amortization

ollowing an e impact on pode. As a reom half of t

remaining o

Pond zinc re June 30. P

een included

higher refinemenced Juneonsistent wit

enefit from e

l

nnes and the

continued toer during thegements, ou a Canadian

ur decision toby CAD8 pe. Gross profi

al operationsAt the sameguidance by

et conditions

majority of oueast 6 million

% to CAD704nes.

an Q1 of this

s in line withn was up 8%

unexpectedproduction insult, we nowthe previous

ore reserves.

elated resultsPend Oreilled in our profi

ed zinc salese 28 and weh the norma

excellent ore

4

e

o e r n

o er it

s e y s

r n

4

s

h %

d n w s

.

s e it

s e al

e

JUL


As I 2,00conc LoweQ3 a Over Turnachie As oexpecom Thescontunde As I'havinwhilecomproje With

Ron

Thawas costsand Afteworkis in Withappr Movnegaperioadju Thethe quar

LY 23, 201

MSON REUTERS


mentioned e0 tonnes pe

centrate is ex

er refined leas well as a

rall, gross pr

ning to an upeved as per

of the end of ect to be mmissioning.

se photos ginuing and erway.

've said befng been rede we are verplete, it is tect and the a

h that, I will tu

n Millos - Te

anks, Don. I CAD332 m

s were CADAntamina re

er these itemking capital, line with ou

h the changroximately C

ing on to sliative pricing od last yeastments are

e chart on threported serter. And, a

5 / 03:00PM

S STREETEVEN


earlier, Pender day of oxpected to b

ead productireduction in

rofit before d

pdate on Forplan.

Q2, engineemore than h

give you a off-site mod

fore, this is duced in thery pleased wtoo early to addition to e

urn it over to

eck Resourc

summarizedillion. We sp

D175 million.efinanced a l

ms, distributiwe ended thr expectation

es to the ACAD1.5 billio

ide 11, our adjustment

r. Copper wincluded on

e right repreettlement adjas always, a

M GMT, TC

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d Oreille’s rere throughp

be achieved

on was drivthroughput

depreciation

rt Hills on sli

ering activitihalf done b

sense of thdular fabrica

a great enve industry suwith the prog

declare vicarnings and

o Ron Millos

ces Limited

d our changpent CAD32 We paid CAloan of whic

on to non-che quarter wns for this po

Andacollo gon as of July

pricing adjus in Q2 comwas down n our income

esents a simjustment anas a remind

CK.B.TO - Q

etevents.com |


estart was coput in June.

by the end o

ven by our adue to furna

and amortiz

ide 9. We ar

es were 85%by year end

he scale of ation, site c

vironment toubstantially;ress of the p

ctory on bud cash flow th

for the finan

d - CFO

ges in cash 29 million onAD39 millionh our portion

controlling inwith cash andoint in the ye

old streams22.

stments for mpared with $0.13 from

e statement

mplified relatnd usually pder refining

Q2 2015 Te

Contact Us


ompleted in Annualized

of Q3.

annual KIVCace condition

zation was 2

re well into c

% complete.d. At that p

the construivil works, a

o be buildingthere is a lo

project and tdget and schat we expe

ncial highligh

for the quarn capital pron in our intern was CAD2

terest, foreigd short-termear.

s that Don

the first quapositive pricthe end o

under other

tionship betwprovides a g

and treatm

eck Resour


the quarter. d production

CET shutdowns.

2% higher at

construction

. Constructiopoint we w

uction. Equand process

g an asset ot less presthe cost manhedule. Loo

ect it to gene

hts for the qu

rter on slideojects, includrest on our d28 million.

gn exchangm investment

spoke to e

arter, lower cing adjustm

of Q1 2015 operating in

ween the chgood estima

ment charge

rces Ltd Ea

The mill rea capacity of

wn which wa

t CAD143 m

and all critic

on was 35%will be only

ipment and s facility co

like Fort Hilssure on labnagement, wok forward terate.

uarter.

e 10. Our cading Fort Hidebt and CA

ge translationts of around

arlier, our c

prices resuments of CA

and zinc wncome and e

hange in copate of our pes in the C

arnings Call

ached desigf 44,000 ton

as advanced

illion.

cal mileston

complete a18 months

material dnstruction a

lls with capibor and contwith the projeto the comp

ash flow fromills. CapitalizAD42 million

n, and other CAD1.3 bil

current cash

lted in CADAD19 million was down expense.

pper and zinpricing adjus

Canadian an

l

n capacity onnes of zinc

d to Q2 from

nes are being

nd we woulds away from

eliveries areare now we

ital spendingtractors. Andect only 35%

pletion of the

m operationszed strippingn of principle

r changes olion, and this

h balance is

D32 million oin the same$0.04.These

nc prices andstment each

nd US dolla

5

of c

m

g

d m

e ll

g d

% e

s g e,

of s

s

of e e

d h r

JUL


exchshou LookMoo Our agai We'voperonly basis We'vguidwith throu We actiocred Turnour lin ouin JuAndatransbillio In tofour fromcost therethat regadrop Our of eprodalso And

Don

Thacommay

LY 23, 201

MSON REUTERS


hange rate suld also cons

king at our cdy's due to t

investment nst us, there

ve executedrational targeone growth

s beginning

ve also impance. We'vethe potenti

ugh addition

believe thatons to diversit rating we c

ning to liquidiquidity. We

ur $3 billion une 2017. Aacollo whichsaction is noon as of the e

otal, our castimes of our

m the rest of of facilities

e is no credis to mainta

arding commp by about CA

current cashnding the y

duction volumassuming th

with that, I'll

n Lindsay -

anks, Ron. Aments we'venot take.

5 / 03:00PM

S STREETEVEN


hould be cosider taxes a

credit ratingsthe current e

grade credite is a limit to

on a numbets and haveproject beinwith the July

plemented pe enhanced al for furtheal committed

t the qualitysify our comcontinue to t

dity on slide now have twrevolving facAnd again h generatedot treated asend of day y

sh and unusr share of caour businesdrawn or u

dit rating trigain a debt t

monly voiced AD10 billion

h balance is year with atmes, costs, hat we have

l turn it back

- Teck Reso

And before e heard in th

M GMT, TC

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nsidered in yand royalties

s on slide 12economic en

t ratings cono what make

er of initiative achieved sng Fort Hills,y payment.

production cour cash po

er streamingd bank cred

y of our longmmodity bastarget as ap

13. As Donwo undrawncility by one subsequent

d an additios debt. And

yesterday.

ed availableapex remainss. These cundrawn wogger regardinto debt plusconcerns w

n to be off sid

in line with t least CADand capital no unusual

k to Don for c

ources Limit

I wrap up I'he market, a

CK.B.TO - Q

etevents.com |


your analysis when analy

2. Our credit nvironment

ntinue to be s sense to d

ves supportisignificant c, and we hav

curtailments sition throug

g transactionit and I'll spe

g life assetssket, and oupropriate for

mentioned n revolving c

year to Julyto quarter

nal $162 magain inclu

e committedning at the Fredit lines auld becomeng availabili equity ratio

we hear thesede that 50%

our expectaD1 billion, as

spending batransactions

comments.

ted - Presid

d like to reiand this is re

Q2 2015 Te

Contact Us


is of the impyzing the im

ratings were

a priority fordefend it.

ve of our crost reductiove cut the d

at our coagh changes ns, particulaeak to that m

s and their pur financial r Teck.

earlier, we'vredit facilitie

y 2020 and pend we re

million cash. uding these

bank creditFort Hills projare fully avae more expety. The cred

o of not gree days regarratio.

tions for thisssuming thaased on curs or events b

dent & CEO

inforce whatelated to the

eck Resour


pact of price pact on our

e recently p

r us; howeve

redit rating. Wns with miniividend to C

al operationto our gold s

arly in silvermomentarily.

positioning opolicies are

ve recently tes totaling $4put in place estructured t

And the raproceeds, o

t is now oveoject, not incilable to us

ensive if ourdit facilities

eater than 5rding write-d

s time of theat we meetrrent commoby the end o

t Ron said investment

rces Ltd Ea

changes in profit.

ut on negati

er, if commo

We're consiimized capit

CAD0.30 per

ns while mastreaming arr, and we've

on the comall support

taken steps 4.2 billion. Wa new 1.2 rethe agreemating agenciour current c

er CAD6.5 bcluding the fr

regardless r credit ratincontain one0%. We are

down room,

e year and ist our currenodity prices aof the year.

about somegrade rating

arnings Call

the adjustm

ive outlooks

odity price m

stently delivtal spendingr share on an

aintaining ourrangement e enhanced

modity costtive of inves

to significanWe extendedevolving facent with Roes have cocash balanc

billion and three cash flowof our credi

ngs were to e financial ce currently aour equity w

s consistent wnt full-year gand exchang

e of the speg and action

l

ment, and you

by S&P and

moves furthe

vering on ou and fundingn annualized

ur coal cosat Andacolloour liquidity

t curves, oustment grade

ntly enhanced the maturityility maturingoyal Gold aonfirmed thace is CAD1.5

his is almosw generationit rating. Thedecline, bu

ovenant andat 32%. And

would have to

with our goaguidance foge rates and

eculation andns we may o

6

u

d

er

r g d

st o y

r e

e y g at at 5

st n e ut d d o

al or d

d or

JUL


As Rand com Howthe stimedefepeopin ou To woperthe y Withmanask Ope

Q U

Ope (Ope Alek

Alek

Thathe masso

Don

No, the l

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Yesto sehavewhatprod

LY 23, 201

MSON REUTERS


Ron said, weour positionpany over th

wever, if comshort-term a, then therend the rating

ple understaur business a

wrap up withrating perforyear with at

h that, we wagement teayour questirator.

U E S T I O N

rator

erator Instruc

ksandra Buka

ksandra Bu

ank you, Opemagnitude oociated with

n Lindsay -

we are not.ine. Maybe

Kilgour - T

s, sure, Don.ee what thee that's casht's going to

duction levels

5 / 03:00PM

S STREETEVEN


e believe thaning on the che long term

mmodity priceand the ratine is not mucg, and that's

and that we wand to resto

h a summarymance. At thleast CAD1

would be ham memberon as we s

A N D A N

ctions)

acheva from

ukacheva -

erator. Don, or at least ththat volume

- Teck Reso

. As we saidI'll ask you to

Teck Resour

. We're cont market exph positive a

happen in s around Se

M GMT, TC

NTS | www.stre


at with our dcost curves .

es move in sg agencies

ch more we s one of the will not issuere the EBITD

y of our nearhe same timbillion in cas

appy to anrs are on thesort out who

S W E R

m BMO Capit

BMO Capit

thank you vhe range of t?

ources Limit

d in the como comment

rces Limite

tinuing to mapectation or nd at this pthe market

eptember.

CK.B.TO - Q

etevents.com |


diversificatiofor key com

such a fashiodecide whiccan do to comments

e equity to bDA side of th

r-term priorite, we are msh without a

nswer your e line in diffeo is going t

tal Markets.

tal Markets -

very much fothose additio

ted - Presid

ments, we'rrelated to th

ed - EVP & C

aintain our othe market oint we expt in the nex

Q2 2015 Te

Contact Us


n strategy ammodities, T

on against uch is the righdefend thatthat we've huy back debhat metric.

ties on slideaintaining a ny material c

questions aerent locatioto (inaudible

- Analyst

or an updateonal ongoin

dent & CEO

e going to me cost side o

COO

operations ctrends are

pect that to xt four mon

eck Resour


and with the Teck should

us that our dht to move ut. We will noheard in the bt to defend

e 14, we rem strong financhange in th

and I want ns and so th

e) to. Thank

e. Are you ag coal produ

make that deof it.

ash positiveand will be be all of ou

nths. So, we

rces Ltd Ea

quality andbe consider

ebt to EBITDus out of invot issue equmarket. Wethe rating. W

main focusedncial positionhe overall US

to please here may bek you very

ble at this tiuction cuts a

ecision in Se

e over Q3. Wmaintaining

ur mines; hoe'll be maki

arnings Call

long lives ored an inves

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LY 23, 201

MSON REUTERS


ksandra Bu

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5 / 03:00PM

S STREETEVEN


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M GMT, TC

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CK.B.TO - Q

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Q2 2015 Te

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alized stripput half of theping cost red

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arnings Call

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LY 23, 201

MSON REUTERS


rry Mateer -

good morning to issue eortunities or

n Lindsay -

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5 / 03:00PM

S STREETEVEN


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Q2 2015 Te

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rst, Don, in alk about whty at this lev

dent & CEO

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LY 23, 201

MSON REUTERS


n Lindsay -

me just adddebt maturityurity ladder iin the extre

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rry Mateer -

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rry Mateer -

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5 / 03:00PM

S STREETEVEN


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M GMT, TC

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CK.B.TO - Q

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Q2 2015 Te

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dent & CEO

to EBITDA rmillion due tery, very man

coal price iprice for the

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LY 23, 201

MSON REUTERS


rator

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5 / 03:00PM

S STREETEVEN


om TD Secu

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M GMT, TC

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CK.B.TO - Q

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Q2 2015 Te

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ght now give

dent & CEO

running chaaccurate it isllion to 15 m

dent & CEO

see Real stnto China art coal importSo, if you an

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LY 23, 201

MSON REUTERS


Canadian do1.25 exchanwere able to

r mine plansimpairment.don't know bk it's going toork on it andthe percent going to hit tgs people die higher coss a helpful acourse som

g Barnes -

that is helpf

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Lindsay -

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he costing, ing done jusume that wesions that mtoo, plus thehaul trucks f

5 / 03:00PM

S STREETEVEN


ollar was cloge rate that

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CK.B.TO - Q

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Q2 2015 Te

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g. So if you 0, then the cand what wus below $

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in teof th

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LY 23, 201

MSON REUTERS


rms of lowerings that co

Kilgour - T

anks, Don. She coal businest impact cre examininsolidate our

to reduce hare formulatiainly a fair w

st Wowkoda

ay. Thank youding cap ston. Do you ehat spending

n Millos - T

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rator

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ffrey McKin

Good mornidity that wasnger term stet your thoug

5 / 03:00PM

S STREETEVEN


ring your cauld make a d

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M GMT, TC

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CK.B.TO - Q

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Q2 2015 Te

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uld also lowedon't I turn

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LY 23, 201

MSON REUTERS


n Lindsay -

ott Wilson, V

ott Wilson -

anks, Jeffreyer term therfive-year te

r term in term. So, it was

ffrey McKin

d was there

ott Wilson -

might havewe done tha

ffrey McKin

ay. Thank yoducers. You you guys thrate post a p

Lindsay -

hard to knowUS were in rose quite s

ge for a few would it go e, permanenual guidelinesions.

ffrey McKin

ay. Thank yo

5 / 03:00PM

S STREETEVEN


- Teck Reso

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CK.B.TO - Q

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Q2 2015 Te

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dent & CEO

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MSON REUTERS


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LY 23, 201

MSON REUTERS


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LY 23, 201

MSON REUTERS


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5 / 03:00PM

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LY 23, 201

MSON REUTERS


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5 / 03:00PM

S STREETEVEN


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LY 23, 201

MSON REUTERS


Millos - Te

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5 / 03:00PM

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LY 23, 201

MSON REUTERS


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LY 23, 201

MSON REUTERS


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S STREETEVEN


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MSON REUTERS


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CK.B.TO - Q

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ed - EVP & C

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Q2 2015 Te

Contact Us


COO

keep the coshave to ma

nt range inta

rvices, Inc.

are, and so fthan they ha

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positive andhave to be.

rvices, Inc.

.

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sts that are uake decisionact for the tim

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Don

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LY 23, 201

MSON REUTERS


n Lindsay -

uld you reph

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n Lindsay -

ortunately, it

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anks, Don. Rhave previouoing everyth

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ry Smith from

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the mine plnext one to

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ess we're seat process. keeping an ty to maintai

5 / 03:00PM

S STREETEVEN


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CK.B.TO - Q

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ted - Presid

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just generacantly reduc

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Q2 2015 Te

Contact Us


dent & CEO

stion?

Analyst

he decision-mcoal costs tr

dent & CEO

ions. Ian, wh

COO

this and I'm ain all of our

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making procrending high

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Ker

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LY 23, 201

MSON REUTERS


rry Smith -

ay. I'll take ththroughput

at that rate o

e Andres -

as an unusure we are in130,000 ton

day, so still s, although wnticipate gra

rry Smith -

ay, okay.

rator

id Wang from

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st had a couable to maintyou're not pnce in the m

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od question market condiur operatione, but our gee are two fa

vid Wang -

ght, great. Ae color on w

vious guidanc

5 / 03:00PM

S STREETEVEN


Haywood S

hat as a maylevel sustain

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CK.B.TO - Q

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nc. - Analys

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could answeced your que

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Q2 2015 Te

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st

ina you hadction of softe

opper

cord throughplan. The ore normal ratet as high as e throughpugoing forwar

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s remained 25 to 26 mi

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dent & CEO

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d a good quaer ore in the

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LY 23, 201

MSON REUTERS


Lindsay -

ry, I missed

id Wang - M

s, you mentim what you p

Lindsay -

u may have had said is ificant cut ba

ms of access project is rige tomorrow a

vid Wang -

ht. Costs aree has come as you have

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nk in coppemanage laboAntamina, a

efiting from tdrive our co

vid Wang - M

at. Thanks,

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erator, we'veue with a quk to Don Lind

5 / 03:00PM

S STREETEVEN


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CK.B.TO - Q

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r hour so weto talk to youake some cl

Q2 2015 Te

Contact Us


ent & CEO

question, pl

pital costs foe same?

ent & CEO

have not sae building Ftry. That maand the rest

ajor milestonmaking good

been projecst side of thedifferent de

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LY 23, 201

MSON REUTERS


n Lindsay -

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ent & CEO

ouple of quefit from a co to call Gregs and thoseket and somtion, but we

wondering, d

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Documents

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