Teck Resources lowers H2 copper output guidance by 5,000 tonnes

Teck Resources has shaved off 5,000 tonnes from its copper production guidance for the second half of 2020, mainly due to a decrease in mill throughput and lower copper grades from its Highland Valley copper mine in British Columbia, Canada, the company said on Monday October 26.

Teck expects to produce 140,000-155,000 tonnes of copper in the second half of this year, compared with the previous estimate of 145,000-160,000 tonnes.
“We now expect copper production at Highland Valley Copper to be between 65,000 and 70,000 tonnes during this period (previously 70,000-75,000 tonnes),” the company said in its third-quarter earnings results.
Teck produced 67,800 tonnes of copper in the third quarter of 2020, some 11,400 tonnes less than a year ago, primarily due to lower production at Carmen de Andacollo and Highland Valley Copper. 

“The decrease at Carmen de Andacollo was the result of lower ore grades, as expected in the mine plan, as well as reduced mill throughput caused by longer-than-anticipated maintenance shutdowns,” Teck said. “The decrease at Highland Valley Copper was primarily due to lower mill...

Published

Rijuta Dey Bera

October 27, 2020

22:13 GMT

New York