AT A GLANCE: Teck lowers copper, zinc guidance after weak performance at Antamina, Red Dog

A summary of Teck’s non-ferrous metals production results for the three months ended June 30, as well as its adjusted full-year production guidance, as stated in the company’s latest quarterly report released on Wednesday July 22.

In brief

Teck’s production of copper, zinc and lead concentrates was down in the first six months of the year, reflecting coronavirus-related suspensions at the Antamina copper-zinc mine in Peru during the June quarter, as well as maintenance challenges and lower grades at the Red Dog zinc-lead mine in the US state of Alaska. Operations at Antamina were halted in April, for a period of 43 days, which resulted in year-on-year declines of 23.3% and 49.4% in copper and zinc concentrates production respectively at the facility during the second quarter. Over the same comparison, zinc...


Anna Xu

July 24, 2020

08:57 GMT