Copper Mining Drives Teck's Adjusted Q1 EBITDA Growth

Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)SummaryHigh copper prices, sales and production drove Teck's strong Q1 financial results. Meanwhile, despite earlier setbacks, Teck continues to increase output from the Quebrada Blanca mine.
A Good Q1 for TeckCanada's Teck Resources reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of C$2.1 billion (US$1.5 billion) during Q1, a 125% increase from last year, driven by high copper prices,