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BRIEF-Teck reports unaudited Q1 2016 earnings of C$0.16 per share

Published 2016-04-26, 09:15 a/m
© Reuters.  BRIEF-Teck reports unaudited Q1 2016 earnings of C$0.16 per share
TECK
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April 26 (Reuters) - Teck Resources Ltd TCKb.TO :
* Teck reports unaudited first quarter results for 2016
* Q1 earnings per share C$0.16
* Q1 adjusted earnings per share C$0.03
* Q1 earnings per share view c$-0.03 -- Thomson Reuters
I/B/E/S
* Expect total sales in Q2, including spot sales, to be at
least 6.5 million tonnes of steelmaking coal
* Notwithstanding that commodity cycle continues to be
challenging, co is encouraged by change in direction in
steelmaking coal and zinc prices
* Qtrly revenue C$1.7 billion versus C$2.0 billion
* Construction of fort hills oil sands project is
progressing substantially on budget and in accordance with
project schedule
* Co's share of fort hills cash expenditures in 2016 is
estimated at $960 million.
* During Q1, recorded foreign exchange gains of
approximately $88 million in profit on our U.S. Dollar debt and
working capital balances
* Copper production was 30,800 tonnes in q1 or 3% higher
than a year ago

Source text for Eikon: ID:nMKWMCx3Fa

Further company coverage: TCKb.TO

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