Teck Resources adjusted earnings fall on low commodity prices

By Reuters / October 25, 2018 / www.mining.com / Article Link

Oct 25 (Reuters) - Diversified Canadian miner Teck Resources Ltd. reported a near 23 percent drop in third-quarter adjusted earnings on Thursday, as prices for the company's main products fell in the quarter.

Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466 million ($357.6 million), or C0.81 per share, during July-September, from C$605 million, or C$1.05 per share, a year earlier.

Lower base metals prices, negative pricing adjustments, lower steel-making coal sales volumes and reduced volumes from the company's Trail operations that were impacted by wild fires, brought down the adjusted earnings, Teck Resources said.

Revenue rose 4.4 percent to C$3.21 billion from C$3.08 billion, the company said. ($1 = 1.3031 Canadian dollars)

(Reporting by Susan Taylor and Kanishka Singh; Editing by Gopakumar Warrier)

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok