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Canada's Teck Resources first-quarter profit jumps
April 25, 2017 / 7:46 AM / 8 months ago

Canada's Teck Resources first-quarter profit jumps

April 25 (Reuters) - Canada’s Teck Resources Ltd , North America’s largest producer of steelmaking coal, reported a surge in first-quarter profit on Tuesday, lifted by significantly higher prices for the commodity, and increased prices of zinc and copper.

Teck, which also mines gold and silver, said adjusted profit attributable to shareholders rose to C$671 million ($494.6 million), or C$1.16 per share, from C$18 million, or 3 Canadian cents a share, in the first quarter of 2016. ($1 = 1.3567 Canadian dollars) (Reporting by Susan Taylor and Abinaya Vijayaraghavan; Editing by Gopakumar Warrier)

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