Feb 20 (Reuters) - Canadian miner Teck Resources ( TECK )
beat analysts' estimates for fourth-quarter profit on
Thursday, helped by higher copper production volumes at its
Chile mine.
Total copper output in the quarter came in at 122,100
tonnes, a 19% jump from a year earlier, with 60,700 tonnes from
its Quebrada Blanca (QB) mine in Chile.
"Our copper production in the fourth quarter set a new
quarterly production record with strong performance at Quebrada
Blanca mine" CEO Jonathan Price said in a statement.
Strong sales volumes and favourable prices of the red metal
also supported.
The company has been investing in the QB debottlenecking
project and expects it could lead to a further increase in
throughput by 10-15%.
Teck expects copper production to range between 490,000 and
565,000 tonnes in 2025.
The company reported an adjusted profit of C$0.45 ($0.3168)
per share for the quarter ended December 31, compared with
analysts' average estimate of C$0.43 per share, according to
data compiled by LSEG.
($1 = 1.4205 Canadian dollars)
(Reporting by Mrinalika Roy in Bengaluru; Editing by Sriraj
Kalluvila)