Teck posts record income despite Trail woes
Oct 25, 2005 | 12:48 PM
| David Brooks
Higher prices for copper and zinc contributed to Teck Cominco Ltd.'s record net income of Canadian $405 million ($344 million) in the third quarter, more than triple the C$120 million reported in the same period last year.TECK COMINCO LTD.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$1,150,000$925,000Net income$405,000$120,000Per share1.880.579 months ended Sept. 30Net sales$3,072,000$2,377,000Net income$835,000$332,000Per share3.881.60In Canadian dollars.The company said its average realized prices, including settlement adjustments, were $1.95 a pound for copper and 61 cents a pound for zinc vs. $1.46 and 45 cents, respectively, a year earlier. Additionally, realized molybdenum prices averaged $23 a pound compared with $16 a year earlier, which the Vancouver, British Columbia,-based company said "contributed significantly" to operating profits at Highland Valley Copper....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.