Teck Trail Operation Posts $10-million Loss

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Teck Resources reported a gross loss of $10-million during the second quarter of 2020 at the Trail operation.

Officials said that's an improvement of $12-million from the same period last year.

The company reported operating costs dropped seven percent to $121-million because of lower overtime and supply costs, as well as lower annual maintenance and shutdown costs.

Refined zinc production of 70,000 tonnes in the second quarter was 4,400 tonnes lower than a year ago.

The company attributed the decrease due primarily to the extension of annual zinc roaster maintenance to facilitate physical distancing and align production levels with available feed sources.

Officials also said refined lead production of 17,800 tonnes in the second quarter was 1,900 tonnes higher than the same period last year.

Silver production decreased to 2.9 million ounces compared to 3.9 million ounces a year ago, mostly as a result of the treatment of in-process inventory during the second quarter of 2019, officials said.