Canada's Teck beats fourth-quarter profit estimates on strong copper production
Feb 20 (Reuters) - Canadian miner Teck Resources TECKb.TO beat analysts' estimates for fourth-quarter profit on Thursday, helped by higher copper production volumes at its Chile mine.
Total copper output in the quarter came in at 122,100 tonnes, a 19% jump from a year earlier, with 60,700 tonnes from its Quebrada Blanca (QB) mine in Chile.
"Our copper production in the fourth quarter set a new quarterly production record with strong performance at Quebrada Blanca mine" CEO Jonathan Price said in a statement.
Strong sales volumes and favourable prices of the red metal also supported.
The company has been investing in the QB debottlenecking project and expects it could lead to a further increase in throughput by 10-15%.
Teck expects copper production to range between 490,000 and 565,000 tonnes in 2025.
The company reported an adjusted profit of C$0.45 ($0.3168) per share for the quarter ended December 31, compared with analysts' average estimate of C$0.43 per share, according to data compiled by LSEG.
($1 = 1.4205 Canadian dollars)
Related Articles
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
Disney Trend Forecast: Disney FY26 First Quarter Net Profit Falls 6% Stock Price Slumps 7.4% Can Stock Price Continue to Rise in 2026?
TradingKey - At the start of 2026, global entertainment giant Disney (DIS) faced a disappointing start to the year. Its Q1 FY2026 earnings report showed that revenue grew 5% year-on-year to $25.98 billion, seemingly achieving steady growth; however, net profit fell 6% year-on-year to $2.4 billion. N
