Large domed structures with Canadian flag design in an industrial area.

Highland Valley Copper

Highland Valley Copper Operations is a copper and molybdenum operation located in south-central British Columbia.

About Highland Valley Copper

Highland Valley Copper (HVC) Operations is located approximately 17 kilometres west of Logan Lake and about 50 kilometres southwest of Kamloops in British Columbia. Teck has a 100% interest in HVC.

HVC produces both copper and molybdenum concentrates through autogenous and semi-autogenous grinding and flotation. Once processed, the metal concentrates are exported overseas, where the majority is sold under long-term sales contracts to smelters.

Highland Valley Copper Operating Results

($ in millions)

2024

2023

2022

Revenue

$1,303

$1,125

$1,454

Gross profit (loss)

$221

$237

$580

Gross profit (loss) before depreciation and amortization1

$471

$391

$738

Production (thousand tonnes)

102

99

119

Sales (thousand tonnes)

103

98

127
Notes:
1 This is a non-GAAP financial measure or ratio. See "Use of Non-GAAP Financial Measures and Ratios" section of the Management's Discussion and Analysis for further information.

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