17:52:58 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Teck Resources Ltd
Symbol TECK
Shares Issued 509,667,714
Close 2024-01-17 C$ 49.89
Market Cap C$ 25,427,322,251
Recent Sedar Documents

FP/CP say Teck's copper output falls short of guidance

2024-01-17 07:14 ET - In the News

The Financial Post reports in its Wednesday edition that Teck Resources' copper production for 2023 fell short of its guidance for the year, while its zinc production also came in slightly below its expectations. A Canadian Press dispatch to the Post says that the Vancouver-based miner's copper production for 2023 totalled 296,500 tonnes as it faced a slower increase in output at its Quebrada Blanca 2 (QB2) project, as well as a localized geotechnical fault at its Highland Valley Copper operations in August that has been stabilized. The company's guidance for 2023 had been for between 320,000 and 365,000 tonnes. Meanwhile, Teck says zinc in concentrate production was 644,000 tonnes for the year compared with guidance for between 645,000 and 685,000 tonnes. Refined zinc production was 266,600 tonnes compared with guidance for between 270,000 and 290,000 tonnes. Teck's B shares closed Tuesday at $51.01, down six cents on the Toronto Stock Exchange.

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