Teck Provides Update on Q1 Steelmaking Coal Performance
April 10 2023 - 6:01AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today provided its unaudited first quarter 2023
steelmaking coal sales volumes and realized prices.
“We achieved our quarterly sales guidance for steelmaking coal
and continued to benefit from strong realized prices in the first
quarter,” said Jonathan Price, CEO. “Teck’s high-margin steelmaking
coal business continues to display its significant cash generating
results and potential, further underscoring its value potential as
the industry’s leading pure play steelmaking coal business post
separation.”
Our first quarter steelmaking coal sales were 6.2 million
tonnes, within our previously disclosed guidance range of 6.0 – 6.4
million tonnes. The realized steelmaking coal price in the
first quarter averaged US$282 per tonne. We expect to report a
positive provisional pricing adjustment of $25 million in the first
quarter.
Our first quarter 2023 financial results are scheduled for
release on April 26, 2023.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
Teck Investor ContactFraser PhillipsSenior Vice
President, Investor Relations & Strategic
Analysis604.699.4621fraser.phillips@teck.com
Teck Media ContactChris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
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