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Publish Date: Thu, 25 Apr 2024, 05:58 AM

April 25 (Reuters) - Canadian miner Teck Resources (TECKb.TO) New Tab, opens new tab missed first-quarter profit estimates on Thursday, pulled down partly by lacklustre steelmaking coal sales volumes and lower zinc prices.
The Vancouver-based company reported an adjusted profit of C$0.75 per share, for the quarter ended March 31, compared with analysts' average estimate of C$0.85 per share, according to LSEG data.
Teck's first-quarter steelmaking coal sales were 5.9 million tons, compared with 6.2 million tons last year. The company expects steelmaking coal sales between 6 million tons and 6.4 million tons for the second quarter.
Steelmaking coal production in the reported quarter came in at 6 million tons, the same levels seen in the year-ago period, impacted by an extreme freezing event in mid-January that resulted in frozen plant components and unplanned downtime.
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https://www.reuters.com/markets/commodities/canadas-teck-resources-misses-first-quarter-profit-estimates-2024-04-25/