news

Teck posts Q3 steelmaking coal sales within guidance, flags decline in prices

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

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 (TSX: TECK.A and TECK.B, NYSE: TECK) yesterday reported that its third quarter steelmaking coal sales were 5.6 million tonnes, within the revised guidance of 5.5 – 5.9 million tonnes.

The company said that the realized steelmaking coal price in the third quarter averaged US$304 per tonne.

Importantly, Teck noted it expects to report negative provisional pricing adjustments of $191 million in the third quarter due to the decline in steelmaking coal prices during the quarter.

Headquartered in Vancouver, Canada, Teck is one of Canada’s leading mining companies with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets.

K92 Mining reports second highest quarterly gold equivalent production on record in Q3
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

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.