Teck Resources Beats Profit Estimates on Copper Sales
The Canadian miner reported adjusted earnings of C$1.75 per share as copper production jumped 32 percent. Higher prices and record sales volumes fueled the beat.
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TECK RESOURCES LTD-CLS B has reported first-quarter financial results that significantly exceeded market expectations, driven by record-breaking sales of Copper and a substantial rise in global commodity prices. The Canada-based miner posted adjusted earnings of C$1.75 per share, far surpassing the C$1.15 per share average estimate compiled by LSEG.
