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Teck Resources Hits Sales Target, Faces Price Adjustment

Teck Resources Hits Sales Target, Faces Price Adjustment

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

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Teck Resources Limited reported strong performance in the second quarter of 2024 with steelmaking coal sales hitting the top end of their guidance at 6.4 million tonnes and an average realized price of US$237 per tonne. However, they anticipate a negative provisional pricing adjustment of $50 million for the quarter. The full financial results for the quarter will be announced on July 24, 2024.

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

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