Teck profit rises on strong copper, zinc price and volume gains

Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the company announced on Tuesday. Adjusted profit attributable to shareholders, which typically excludes special items during a period, was $753-million, or $1.31 a share, compared with $655-million, or C$1.13 a share, in the comparable quarter a year earlier. This was a miss when compared with average Bay Street analyst estimates calling for quarterly earnings of C$1.34 a share, according to Thomson Reuters data.