💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

BRIEF-Teck Resources reports Q4 pofit attributable to shareholders of $1.21/share

Published 2017-02-15, 03:29 a/m
© Reuters.  BRIEF-Teck Resources reports Q4 pofit attributable to shareholders of $1.21/share
TECK
-
HG
-

Feb 15 (Reuters) - Teck Resources Ltd TECKb.TO

* Teck reports unaudited fourth quarter results for 2016

* Record q4 adjusted profit attributable to shareholders of $930 million, or $1.61 per share

* Profit attributable to shareholders was $697 million, or $1.21 per share, in q4

* Qtrly revenues C$3.56 billion versus C$2.14 billion year ago

* Q4 earnings per share view C$1.56, revenue view C$3.40 billion -- Thomson Reuters I/B/E/S

* Expecting steelmaking coal business unit sales volumes in q1 of 2017 to be approximately 6.0 million tonnes

* Teck resources-expects coal sales volumes to increase in latter half of quarter, but not sufficiently to result in more than about 6 million tonnes of sales in quarter

* Says steelmaking coal production in 2017 is expected to be between 27 and 28 million tonnes

* Says "we intend to maintain total production at this level by increasing production at our other elk valley mines"

* Says expects an increase in capitalized stripping from $277 million in 2016 to $430 million in 2017

* Teck resources -expect 2017 copper production to be in range of 275,000 to 290,000 tonnes, a decline of approximately 13% from 2016 production levels

* Says expects copper production to be in range of 280,000 to 300,000 tonnes from 2018 to 2020

* Teck -sees zinc in concentrate production in 2017, including co-product zinc production from copper business unit, to be in range of 660,000-680,000 tonnes

* Teck - for 2018 to 2020 period, expects total zinc in concentrate production to be in range of 580,000 to 605,000 tonnes excluding pend oreille Source text for Eikon: ID:nCCNbJdtP6 Further company coverage: TECKb.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.