Canada's Teck Resources beats second-quarter profit estimates
Adds details from paragraphs 2-8
July 24 (Reuters) -Canadian miner Teck Resources TECKb.TO beat second-quarter profit estimates on Wednesday, helped by higher production of copper at its Quebrada Blanca mine in Chile and an increase in copper prices.
Prices of copper used in power and construction remained elevated during the June quarter amid bets for interest rate cuts and supply worries, briefly hitting an all-time high in May.
Teck said copper prices rose by 15% compared with a year earlier and averaged $4.42 per pound. It produced 110,400 tonnes of copper in the second quarter, a 71% jump from the year-earlier period.
However, the company cut its full-year copper production guidance to 435,000 tonnes to 500,000 tonnes due to an expected fall in QB mine output amid "short-term access issues related to pit de-watering and a localized geotechnical issue."
Steelmaking coal production in the second quarter stood at 6.3 million tonnes, up from 5.8 million tonnes a year earlier, while sales were 6.4 million tonnes, compared with 6.2 million tonnes last year.
Earlier this month, Teck said it had completed the sale of its remaining 77% interest in the steelmaking coal business to Swiss miner Glencore Plc GLEN.L. The deal was announced last year, as Teck looks to build its copper business.
On a diluted basis, the company reported an adjusted profit of C$0.79 ($0.5729) per share for the quarter ended June 30, compared with analysts' average estimate of C$0.73 per share, according to LSEG data.
($1 = 1.3790 Canadian dollars)
Reporting by Mrinalika Roy and Surbhi Misra in Bengaluru; Editing by Krishna Chandra ELuri and Subhranshu Sahu
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
