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Teck's Q1: Investing In The Future


  • Teck produced 158.7 million lb copper, 485 million lb zinc, 5.9 million tonnes of steelmaking coal, and 1.8 million barrels of bitumen in Q1 2021.
  • In all the four cases, production volumes declined and production costs increased compared to Q4.
  • Due to higher metals prices, revenues and operating cash flow remained flat.
  • The Quebrada Blanca Phase 2 construction is more than 50% complete.
  • In 2021, Teck should produce 606-640 million lb copper, 1.29-1.34 billion lb zinc, 25.5-26.5 million tonnes of steelmaking coal, and 8.6-12.1 million barrels of bitumen.

Coal Worker With Handful Of Coal
Photo by Monty Rakusen/Cultura via Getty Images

Teck Resources (NYSE:TECK) released its Q1 2021 financial results. As expected, the company found significant support in strong copper and coal prices. On the other hand, copper and zinc production declined rapidly, and bitumen

This article was written by

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An in-depth analysis of the royalty and streaming industry

I am an associate professor at the University of Economics in Bratislava, Department of Banking and International Finance. My dissertation was focused on commodity markets and my habilitation was focused on the calendar anomalies. I have more than 15 years of investing experience. My investments mostly focus on small- and mid-cap companies in the resource sector. Since May 2019, I have been preparing regular monthly reports focused on the precious metals royalty & streaming industry. Based on positive feedbacks and numerous inquiries, I decided to launch a Marketplace Service named "Royalty & Streaming Corner", which provides an in-depth analysis of this exciting market segment, as well as investment ideas from the mining industry.

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