/PRNewswire/ The pandemic has spurred an historical rise in the price of gold but investors are wondering "Which way will gold go in 2021?" They are asking.
Teck Reports Unaudited First Quarter Results for 2021
Teck Resources Limited today announced its unaudited first quarter results for 2021. “Strong first quarter operational performance, in line with plan, and higher commodity prices contributed to a very solid start to 2021,” said Don Lindsay, President and CEO. “We achieved major milestones for our priority projects, including surpassing the half-way point at our flagship QB2 copper growth project and moving …
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its unaudited first quarter results for 2021. “Strong first quarter operational performance, in line with plan, and higher commodity prices contributed to a very solid start to 2021,” said Don Lindsay, President and CEO. “We achieved major milestones for our priority projects, including surpassing the half-way point at our flagship QB2 copper growth project and moving into the commissioning phase of our Neptune steelmakin
TSX posts modest dip, Feb. 15-19
The Quebrada Blanca 2 copper project in Chile. Credit: Teck Resources.
The S&P/TSX Composite Index fell 75.93 points (0.41%) to finish the Feb. 15-19 trading week at 18,384.27. The Global Base Metals Index rose 10.2% to 169.75 and the Global Mining Index gained 2.1% to 108.27. Spot gold fell US$39.70 per oz. (2.2%) to US$1,784.60 per oz., and the S&P/TSX Global Gold Index dropped 7.5% to 281.01.
Teck Resources’ Class A common shares jumped $4.01 to $32.97. The company announced its unaudited annual results for 2020 and reported an adjusted profit attributable to shareholders of $561 million or $1.05 per share and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.6 billion. It also announced that last year it met its target of 40% overall completion of its Quebrada Blanca Phase 2 copper project in Chile, one of the world’s largest undeveloped copper resources. In other news, Teck announced that commissioning