BRIEF-Teck reports unaudited Q1 2016 earnings of C$0.16 per share

Tue Apr 26, 2016 9:15am EDT
 
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April 26 (Reuters) - Teck Resources Ltd :

* Teck reports unaudited first quarter results for 2016

* Q1 earnings per share C$0.16

* Q1 adjusted earnings per share C$0.03

* Q1 earnings per share view c$-0.03 -- Thomson Reuters I/B/E/S

* Expect total sales in Q2, including spot sales, to be at least 6.5 million tonnes of steelmaking coal

* Notwithstanding that commodity cycle continues to be challenging, co is encouraged by change in direction in steelmaking coal and zinc prices

* Qtrly revenue C$1.7 billion versus C$2.0 billion

* Construction of fort hills oil sands project is progressing substantially on budget and in accordance with project schedule   Continued...