Heavy rain disrupts Teck logistics chain in British Columbia

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Teck Resources, one of Canada's leading mining companies, today reported that its logistics chain between west coast terminals and B.C. operations has been temporarily disrupted due to heavy rain, flooding and mudslides.

Teck said it has implemented measures to mitigate the effect of the disruption, diverting some trains to Ridley Terminals in Prince Rupert. CP and CN have begun repairs but do not currently have estimated return to service dates, the company added.

According to the company's statement, the overall impact and any potential effect on Q4 sales will be dependent on the duration of the logistics chain disruption.

Importantly, Teck pointed out that production at its operations has not been impacted at this time.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years