April 26, 2016 / 1:17 PM / in 2 years

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

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

* Co’s share of fort hills cash expenditures in 2016 is estimated at $960 million.

* During Q1, recorded foreign exchange gains of approximately $88 million in profit on our U.S. Dollar debt and working capital balances

* Copper production was 30,800 tonnes in q1 or 3% higher than a year ago Source text for Eikon:

Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below