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Teck Resources Hits Q1 Sales Target, Faces Price Adjustment
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Teck Resources Hits Q1 Sales Target, Faces Price Adjustment

Teck Resources (TSE:TECK.B) has released an update.

Teck Resources Limited reported that their first quarter steelmaking coal sales reached 5.9 million tonnes, which met their expected guidance range. The average realized price for steelmaking coal was US$297 per tonne, but the company anticipates a negative provisional pricing adjustment of $94 million. Full financial results for the quarter will be released on April 25, 2024.

For further insights into TSE:TECK.B stock, check out TipRanks’ Stock Analysis page.

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