42 To p : B e e m C r e d i t U n i o n ; b o t t o m : W illi a m L u q u e / S h u t t e r s t o c k
B C B U S I N E S S . C A
J U LY/A U G U S T 2 0 2 5
downgrade was driven, in part, by reported
equipment-related headaches and geotech-
nical challenges at its Quebrada Blanca
mine in northern Chile. Despite the grow-
ing pains, Teck expects performance to
ramp back up in 2025.
AFRICA OIL CORP.
Revenue change: -31.6%
Net income: -$382.31 million
Net income change: NA
The Vancouver-based oil and gas explo-
ration firm, with assets in deep-water off-
shore Nigeria, fell slightly to #74 on our Top
100 list this year (it was ranked at #70 last
year). In June, its board announced it had
struck a deal to reorganize and consolidate
interest in an investee oil and gas company
as it eyes expanding its offshore petroleum
mining in 2025.
FIRST QUANTUM MINERALS
Revenue change: -24.5%
Net income: -$147.94 million
Net income change: NA
Vancouver-headquartered miner First
Quantum Minerals saw a steep drop-off in
income in 2024 as it dealt with the shut-
down of its Ravensthorpe nickel opera-
tion in Western Australia due to higher
operation costs coupled with a significant
decrease in nickel prices. 2024 also saw the
continued shutdown of its Cobre copper
mine in Panama—one of First Quantum's
largest projects.
BC HYDRO AND
POWER AUTHORITY
Revenue change: -15.9%
Net income: $323 million
Net income change: -10.3%
Although the Crown corp rose from ninth
to 7th position for 2024, it saw lower trade
revenues year-over-year (though this
BEEM CREDIT UNION
Revenue change: +100%
Net income: $12.35 million
Net income change: 6.3%
With revenue more than doubling from 2023 to 2024 (from $101 million to
$203 million), Beem Credit Union didn't quite land on our Top 100 this year,
but it did come awfully close—and is one to watch. Its dramatic rise comes
after recently amalgamating with Interior Savings and Gulf and Fraser, and
North Peace Savings and GFCU Savings joined the network last year. Beem—
which has corporate hubs in Kelowna and Burnaby—is certainly shining
bright as we charge through 2025: it just became the second-largest provin-
cially regulated credit union in B.C. when it merged with BlueShore Finan-
cial—and now has a network of over 60 locations.
L O S E R S
TECK RESOURCES
Revenue change: -39.6%
Net income: $283 million
Net income change: -88.3%
Vancouver-headquartered mining com-
pany Teck Resources had a tougher 2024,
divesting its coal division (now Elk Valley
Resources, #22 on our list) and downgrad-
ing its copper production forecasts. Said
H O N O U R A B L E M E N T I O N
ONE TO WATCH
The B.C.based credit
union doubled its
revenue this year
TOUGH TIMES
Teck Resources'
revenue dropped
nearly 40 percent
