Teck Provides Update on Q1 Steelmaking Coal Performance

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 Teck
As 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 Contact
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Teck Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

TECK.A:CA,TECK.B:CA,TECK
The Conversation (0)
Sun Summit Commences 2025 Exploration Program at the JD Project, Toodoggone District, British Columbia

Sun Summit Commences 2025 Exploration Program at the JD Project, Toodoggone District, British Columbia

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.

Highlights and Next Steps:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Los Andes Copper (TSXV:LA)

Los Andes Copper


Keep reading...Show less
Questcorp Mining (CSE:QQQ)

Questcorp Mining

Keep reading...Show less
Forte Minerals (CSE: CUAU)

Forte Minerals Corp. Closes Oversubscribed Private Placement Offering

Forte Minerals Corp. (Forte” or the “Company) (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), a copper-gold exploration company focused on Peru, has successfully closed its oversubscribed non-brokered private placement, raising gross proceeds of C$2,690,000.

A C$2.4 million financing was initially announced on May 23, 2025. It was met with high investor demand, resulting in the issuance of 6,725,000 units at a price of C$0.40 per unit, and within the right of increase reserved by the Company.

Keep reading...Show less
Electric Royalties (TSXV:ELEC)

Electric Royalties Announces CFO Transition

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the appointment of Robert Scott as Chief Financial Officer. Mr. Scott is replacing Luqman Khan, who has departed the Company to pursue other opportunities.

Mr. Scott, a CPA, CA, and CFA, brings more than 25 years of professional experience in accounting, corporate finance, compliance and banking, and has served on the management teams and boards of a select number of Canadian publicly traded companies. Throughout his career, Mr. Scott has helped raise more than $200 million in equity financing and developed extensive experience in IPOs, reverse takeovers, mergers and acquisitions, and corporate restructuring. He is a founder and President of Corex Management Inc. ("Corex"), which provides professional services to privately held and publicly traded companies. Mr. Scott has significant public company experience, including senior management and board positions with a number of TSX Venture Exchange issuers including Capitan Silver Corp., K2 Gold Corporation, Riverside Resources Inc., Great Bear Resources Ltd. and First Helium Inc.

Keep reading...Show less

Latest Press Releases

Related News

×