Canadian miner Teck Resources on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.
The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, according to data compiled by LSEG.
“Our profitability improved significantly … primarily as a result of higher base metal prices, increased copper and zinc in concentrate sales volumes, and the positive impact of a weaker Canadian dollar on our business,” Teck said in a statement.
Teck’s first-quarter copper sales volumes rose to 106,200 tonnes, an increase of 11% year-on-year.
Revenue rose to C$2.29 billion ($1.65 billion) from C$1.62 billion last year, beating expectations.
Teck also maintained its forecast for 2025.
In February, the company had said that US President Donald Trump’s tariffs on Canadian imports…
