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BRIEF-Teck Resources Says Co's Single-Biggest Challenge Right Now Is Shortage Of Labor

BRIEF-Teck Resources Says Co's Single-Biggest Challenge Right Now Is Shortage Of Labor

Reuters · 07/27/2022 12:21
BRIEF-Teck Resources Says Co's Single-Biggest Challenge Right Now Is Shortage Of Labor

- Teck Resources Ltd TECK:

  • GROSS PROFIT IN COPPER BUSINESS WAS PARTIALLY OFFSET BY HIGHER DIESEL AND TRANSPORTATION COSTS - CONF. CALL

  • TECK RESOURCES - RAISED 2022 NET CASH UNIT COST FORECAST FOR COPPER DUE TO INFLATIONARY COST PRESSURES AND LOWER BYPRODUCT PRICE FORECASTS

  • TECK RESOURCES - RAISED 2022 NET CASH UNIT COST FORECAST FOR ZINC DUE TO HIGHER SMELTER PROCESSING CHARGES EXPECTED IN H2 AS WELL AS HIGHER DIESEL PRICES

  • TECK RESOURCES - RAISED 2022 ADJUSTED. OPERATING COST FORECAST FOR BITUMEN UNIT DUE TO HIGHER NATURAL GAS AND DIESEL INPUT COSTS AND INCREASE IN CONTRACTOR COSTS

  • TECK RESOURCES - 2022 OVERALL UNIT COST FORECAST PRESSURED BY INFLATIONARY PRESSURES ON DIESEL PRICES AND OTHER KEY INPUT COSTS

  • TECK RESOURCES - SINGLE BIGGEST CHALLENGE ACROSS COMPANY RIGHT NOW IS SHORTAGE OF LABOR

  • TECK RESOURCES - SEEING IMPACTS OF COVID-19 THROUGH HIGHER ABSENTEEISM, HIGHER TURNOVER, AND LIMITED AVAILABILITY OF NEW HIRES

Further company coverage: TECK


((Reuters.Briefs@thomsonreuters.com;))