Wednesday, October 22, 2025

Latest

Teck Resources Falls Short Of Q1 Steelmaking Coal Guidance

Teck Resources (TSX: TECK.B) appears to be handling its operations in British Columbia well despite significant logistics interruptions in the region as of late. The firm this morning provided an update on its steelmaking coal sales and pricing, indicating steelmaking coal sales hit 6.0 million tonnes during the quarter.

While the figure of 6.0 million tonnes comes in short of previously issued guidance, which was 6.1 to 6.5 million tonnes, it should be noted that the company substantially improved its sales on a quarter over quarter basis despite the challenges.

In the fourth quarter of 2021, the company sold a total of 5.1 million tonnes of steelmaking goal, resulting in revenues of $2,285 million for the quarter. The figure amounted to revenue per tonne of US$351. Comparatively, the firm this morning indicated it has seen prices on steelmaking coal rise to US$357 per tonne, which is said to have provided $88.0 million in positive pricing adjustments to the company.

No information was provided on adjusted site cash cost of sales, which has been guided to be between C$72 and C$77 per tonne, or transportation costs, which were guided to be between C$43 and C$46 per tonne. For the full fiscal year, the company is expecting to produce between 24.5 million and 25.5 million tonnes of steelmaking coal.

Full financial results are slated to be released April 27 for the fiscal first quarter.

Teck Resources Class B shares last traded at $51.57 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

After Teck Rejected Its Acquisition Bid, Should Glencore Sell Itself Instead?

The mining M&A space has been rustled recently with the news that Glencore extended an...

Thursday, April 6, 2023, 10:43:43 AM

Pierre Lassonde Isn’t Too Happy About the Teck-Glencore Deal

Veteran mining entrepreneur Pierre Lassonde expressed his bewilderment at Teck Resources’s recent decision to sell...

Friday, November 17, 2023, 11:02:00 AM

Anglo American CEO Says No To Redomiciling To Canada For Teck Acquisition

Anglo American CEO Duncan Wanblad said the company will not redomicile to Canada nor move...

Friday, September 19, 2025, 10:04:18 AM

Teck Resources To Combine With Anglo American To Establish Canadian-Based Critical Minerals Powerhouse

Canada is about to be the home of a major critical minerals powerhouse. Teck Resources...

Tuesday, September 9, 2025, 08:47:04 AM

Teck Resources Sees Earnings Fall In Q1 Ahead Of Shareholder Vote

Teck Resources (TSX: TECK.B) saw its revenues fall on a year over year basis in...

Wednesday, April 26, 2023, 08:54:00 AM