Teck Resources Limited Provides Sales Guidance for the Fourth Quarter of 2022, Revises Production Guidance for the Year 2022 and Provides Production Guidance for the Year 2023
October 27, 2022 at 11:00 am IST
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Teck Resources Limited provided sales guidance for the fourth quarter of 2022, revised production guidance for the year 2022 and provided production guidance for the year 2023. Sales Guidance fourth quarter of 2022: Red Dog zinc in concentrate sales to be 130,000 tonnes - 150,000 tonnes and Steelmaking coal sales to be 5.0 million tonnes - 5.4 million tonnes.
For the year 2022, Copper production expected to be 273,000 tonnes - 290,000 tonnes against previous guidance of 273,000 tonnes - 290,000 tonnes. Zinc production expected to be 630,000 tonnes - 665,000 tonnes against previous guidance of 630,000 tonnes - 665,000 tonnes. Refined zinc production expected to be 257,000 tonnes - 267,000 tonnes against previous guidance of 270,000 tonnes - 285,000 tonnes. Steelmaking coal production expected to be 22.0 million tonnes - 22.5 million tonnes against previous guidance of 23.5 million tonnes - 24.0 million tonnes.
QB2 copper production is expected to ramp up during 2023 following commissioning of the QB2 project. The company now expect copper production to be in the range of 170,000 and 300,000 tonnes per year for 2023 to 2025, from the previously disclosed range of 245,000 to 300,000 tonnes per year, with 2023 at the lower end of the guidance range.
Teck Resources Limited is a Canada-based mining company that operates in copper, zinc, steelmaking coal and energy segment. The Companyâs operations and projects include Antamina, Cardinal River, Carmen de Andacollo, Elkview, Fording River, Fording River Extension, Fort Hills, Galore Creek Project, Greenhills, Highland Valley Copper, HVC 2040, Line Creek, NewRange Copper Nickel, NuevaUnion, Quebrada Blanca, Quebrada Blanca Phase II, Quintette Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a large copper and zinc mine, located in the Andes Mountain range of Peru. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile. The Fording River Extension Project is located adjacent and to the south of Teckâs existing Fording River Operations. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.
Teck Resources Limited Provides Sales Guidance for the Fourth Quarter of 2022, Revises Production Guidance for the Year 2022 and Provides Production Guidance for the Year 2023