â–ş Listen Live
â–ş Listen Live

Teck reports $47 million Q1 profit in Trail

Teck is reporting a gross profit of $47 million at its Trail operation in the first quarter of this year.

That’s compared to $34 million for the same time last year.

The company says refined zinc production was about the same in the first three months of 2017 as it was in 2016.

But refined lead production was 10 per cent lower than a year ago and operating costs were a bit higher.

Company-wide Teck is reporting adjusted profits of $671 million compared to $18 million a year ago.

That’s actually lower than what many analysts predicted.

Greg Nesteroff
Greg Nesteroff
Greg has been working in West Kootenay news media off and on since 1998. When he's not on the air, he's busy writing about local history. He has recently published a book about the man who founded the ghost town of Sandon.

Continue Reading

cjat Now playing play

ckqr Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Supreme Court judge excludes key evidence in Castlegar drug case

A B.C. Supreme Court judge has thrown out key evidence in a Castlegar drug trafficking case, ruling that police violated the accused’s Charter rights when a search warrant was executed in 2021.

Police bodycam rollout delayed in West Kootenay

While they have already been rolled out in other parts of the country and province, body cameras are still a few months away from being deployed

BC. Conversative management committee says Rustad should step down as leader

The B.C. Conservative Party's management committee says the party is in turmoil and is calling on John Rustad to immediately step down as leader.

Teck reports $53M Q3 profit in Trail

The local operation's concentration on producing more silver, germanium and indium with reductions in refined lead and refined zinc helped increase its gross profit in the third quarter.

Trial by fire for Castlegar’s new fire chief

Nick Ahlefeld, now the permanent chief, directed the response when a house burned on Saturday morning.
- Advertisement -