(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) reported yesterday that its 2022 copper production of 270,500 tonnes was below guidance (273 – 290 ktonnes) and impacted by a temporary pit closure at Highland Valley Copper as a result of a localized geotechnical event in December that has been stabilized, as well as extreme weather and unplanned maintenance at Carmen de Andacollo in Q3.
The company’s refined zinc production of 248,900 tonnes was below guidance of 257 – 267 ktonnes and impacted by an extension of major planned maintenance activities on the KIVCET boiler at the Trail Operations and unplanned downtime due to extreme cold weather in December.
Steelmaking coal production of 21.5 million tonnes was also below guidance (22.0 – 22.5 million tonnes) and impacted by a two-month plant outage at the Elkview Operations for the repair of the previously announced plant feed conveyor failure, plant availability challenges, ongoing labour constraints, and extreme weather events early in 2022 and in December.
Teck added that 2022 zinc in concentrate production of 650.5 thousand tonnes was within its annual guidance (630 – 665 ktonnes).
The company said that copper production in 2023 is expected to be in the range of 390,000 to 445,000 tonnes, and that QB2 is expected to add substantially to overall copper production compared to 2022.
Teck expects 2023 zinc in concentrate production, including co-product zinc production from Antamina (22.5%), to be in the range of 645,000 to 685,000 tonnes, while refined zinc production to be between 270,000 and 290,000 tonnes, and steelmaking coal production to be between 24 and 26 million tonnes.
Headquartered in Vancouver, Canada, Teck is one of Canada’s leading mining companies. Teck is focused on copper, zinc, and steelmaking coal.
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