A big dip in profits for Teck Resources.
The company reports $105 million in adjusted profit for the first quarter compared to $328-million in 2013.
As for zinc operations in Trail there were reliability issues with the old acid plants and that effected production.Gross profit for Q1 was $2-million compared to $29-million in 2013.
The company plans to cut about 600 jobs, or 5% of its global workforce.
It adds because of a more favourable outlook for zinc prices they’re planning to
restart the Pend Oreille zinc mine near Metaline Falls.
- Advertisement -
