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BRIEF- Teck Resources Q3 loss $3.73 per shr

Published 2015-10-22, 05:12 a/m
© Reuters.  BRIEF- Teck Resources Q3 loss $3.73 per shr
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Oct 22 (Reuters) - Teck Resources TCKb.TO :
* Reports unaudited third quarter results for 2015
* Q3 adjusted earnings per share $0.05
* Q3 loss per share $3.73
* Says steelmaking coal mines took three-week shutdowns during the third
quarter
* Says Q3 revenue $ 2.1 billion
* Says in the fourth quarter we expect that production rates will be aligned
with sales volumes
* Q3 steelmaking coal production 5.5 million tonnes versus 6.8 million tonnes
* Q3 copper production 88,000 tonnes versus 78,000 tonnes a year ago
* Says continue to experience challenging markets for its products
* Says prices for some of its products have declined and lower prices may
persist for some time
* Says continue to expect our 2015 steelmaking coal production to be in the
range of 25 to 26 million tonnes
* Now expect 2015 steelmaking coal unit costs to be in the range of $83 to $86
per tonne
* Says expect full year production for copper in the range of 345 to 350
thousand tonnes
* Says sales volumes of contained zinc are estimated at approximately 200,000
tonnes in the fourth quarter of 2015
* Says "we are also significantly affected by foreign exchange rates"
* Continue to monitor market conditions for steelmaking coal, currently expect
production rates to match sales projections for Q4
* Says zinc supply will become further constrained later in 2015 and into 2016
* Says "we are taking significant steps to meet the challenge of low commodity
prices"
* Reduced supply of steelmaking coal from us,canada is offset by weaker demand,
particularly in China, and by increased Australian supply
* All figures in c$
* Q3 earnings per share view C$0.01, revenue view C$1.96 billion -- Thomson
Reuters I/B/E/S
* Source text for Eikon ID:nMKWwbWF6a
* Further company coverage TCKb.TO

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