The Globe and Mail reports in its Tuesday, June 10, edition that Citi analyst Alexander Hacking has reaffirmed his "neutral" rating for Teck Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking slashed his share target by $14 to $55. Analysts on average target the shares at $65.29. Mr. Hacking thinks the progress of the Quebrada Blanca Phase 2 project in northern Chile remains "key" to the share performance of Teck. Mr. Hacking says in a note: "QB2 ramp has been notably slower than greenfield peers. Quellaveco hit 300ktpa rates in its first year. Cobre Panama hit 300ktpa rates in its second year -- and would have been six months quicker without the major COVID disruptions of 2020. That said, the QB2 issues do still appear temporary -- e.g. seismic activity around an access road, slow drainage for the TMF materials causing delays on lifts and port problems recently disclosed. The mine got within 10 per cent of design throughput in 4Q25 (131ktpd vs 143ktpd) and into the range of design recoveries in 1Q25 (87 per cent vs 86 to 92 per cent) -- now its just a matter of consistency. Production is expected to steadily improve in Q2 and Q3 before hitting full stride in Q4."