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Canada’s Teck Resources profit rises on higher sales volumes

Reuters | April 24, 2018 | 11:16 am Base Metals Energy Precious Metals Canada Coal Copper Gold Zinc 
These were the top Canadian mining topics of 2016
Teck’s Greenhills steelmaking coal operation, in Elk Valley, British Columbia, Canada. (Image courtesy of Teck Resources.)

April 24 (Reuters) – Canada’s Teck Resources Ltd , the world’s second-biggest exporter of steelmaking coal, reported on Tuesday a 15 percent increase in first-quarter adjusted profit on increased sales volumes.

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million ($586.4 million) or C$1.31 per share in the quarter ended March 31, compared with C$655 million or C$1.13 per share in the year-earlier period.

($1 = 1.2841 Canadian dollars)

(Reporting by Nicole Mordant in Vancouver and Shalini Nagarajan in Bengaluru; Editing by Amrutha Gayathri)

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