Teck 3rd quarter results show big increase in profits
Teck 3rd Quarter results are in, and it's good news.
The company reported profit attributable to shareholders of 234 million and adjusted profit of 152-million, compared with 29 million a year ago.
CEO and President Don Lindsay says operations have performed well throughout the year, setting a number of quarterly and year-to-date production records while continuing to reduce costs.
In Trail, Refined zinc production of 83,700 tonnes set a new quarterly production record, primarily due to higher plant availability.
Refined lead production was 8% higher than a year ago, thanks to improved operating reliability and higher lead inputs in the feed mix
Operating costs in trail were also down by 5 percent.