Canadian diversified miner Tech Resources completed its metallurgical coal sales target for the first quarter and continued to gain profit thanks to robust selling prices.
The company sold 6.20 million tonnes of metallurgical coal during the first quarter, within the previously disclosed guidance range of 6.00-6.40 million tonnes. The company's realized met coal prices averaged at $282/t.
Teck expected to report a positive provisional pricing adjustment of $25 million in the first quarter.
Teck is scheduled to release its first quarter 2023 financial results on April 26, 2023.
(Writing by Emma Yang Editing by Harry Huo)
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