financetom
Business
financetom
/
Business
/
Canada's Teck beats fourth-quarter profit estimates on strong copper production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada's Teck beats fourth-quarter profit estimates on strong copper production
Feb 20, 2025 3:15 AM

(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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Caseys General Stores Insider Sold Shares Worth $385,746, According to a Recent SEC Filing
Caseys General Stores Insider Sold Shares Worth $385,746, According to a Recent SEC Filing
Jul 3, 2025
11:21 AM EDT, 07/03/2025 (MT Newswires) -- Stephen P Bramlage Jr, Chief Financial Officer, on July 02, 2025, sold 760 shares in Caseys General Stores ( CASY ) for $385,746. Following the Form 4 filing with the SEC, Bramlage has control over a total of 26,363 common shares of the company, with 25,994 shares held directly and 369 controlled indirectly....
US paves way to resume ethane exports to China amid trade truce
US paves way to resume ethane exports to China amid trade truce
Jul 3, 2025
By Arathy Somasekhar and Karen Freifeld HOUSTON (Reuters) -The U.S. cleared the way to resume ethane exports to China on Wednesday, sending letters to producers Enterprise Products Partners and Energy Transfer rescinding a restrictive license requirement put in place just weeks ago, a sign that the U.S.-China trade truce was on track. The U.S. had placed restrictions on ethane --...
Ryanair Cancels 170 Flights on French Air-Traffic Controller Strike
Ryanair Cancels 170 Flights on French Air-Traffic Controller Strike
Jul 3, 2025
11:28 AM EDT, 07/03/2025 (MT Newswires) -- Ryanair Holdings ( RYAOF ) said it was forced to cancel 170 flights disrupting over 30,000 passengers due to a strike by French air-traffic controllers on Thursday and Friday. The company said the cancellations cover flights to and from France, as well as all French overflights. These enforced cancellations by French ATC coincide...
Copyright 2023-2026 - www.financetom.com All Rights Reserved