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Oct 26 (Reuters) - Canada's Teck Resources Ltd TCKb.TO TCK.N , the world's second-biggest exporter of steelmaking coal, said its third-quarter profit more than doubled from a year ago, lifted by higher coal and metal prices.
Teck, which also mines copper, zinc and gold, said attributable profit rose to C$600 million ($468.64 million), or C$1.04 per share in the three months to end-September from C$234 million, or 41 Canadian cents per share in the same year-ago period. profit was C$621 million, or C$1.08 per share, for the quarter, versus C$152 million, or 26 Canadian cents per share, in the same period last year.
On average, analysts had expected Vancouver-based Teck to report earnings of C$1.19 a share, according to Thomson Reuters I/B/E/S.
The increase in quarterly profit was driven by the performance of the steelmaking coal business unit, the company said.
Teck sold 7.54 million tonnes of steelmaking coal in the third quarter, marginally above its sales forecast for between 7.2 million and 7.5 million tonnes.
Teck's average third-quarter realized coal price was $159 a tonne, in line with the $158-$163 a tonne it had forecast on Sept. 6. ahead, Teck said it expects total coal sales, including spot sales, of 6.5 million tonnes in the fourth quarter.
($1 = 1.2803 Canadian dollars)