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Teck Resources Q3 Profit Climbs

Teck Resources Limited (TECK, TECK_A.TO, TECK_B.TO) reported that its third-quarter profit attributable to shareholders climbed to C$816 million or C$1.51 per share from C$61 million or C$0.11 per share in the previous year.

Adjusted profit attributable to shareholders was C$1.02 billion or C$1.88 per share compared to C$130 million or C$0.24 per share last year.

Revenues for the quarter grew to C$3.97 billion from C$2.29 billion last year.

The company continues to expect first production in the second half of 2022.

The company noted that its previously issued 2021 annual guidance is unchanged.

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