Canadian diversified miner Teck Resources on Tuesday posted adjusted first-quarter profit of C$671-million, a significant increase on the C$18-million reported a year earlier.
The miner said that the increase was largely driven by higher realised steelmaking coal prices and, to a lesser extent, higher copper and zinc prices. The price of steelmaking coal nearly tripled from a year ago, while copper and zinc prices increased by 25% and 66%, respectively.
