Reported 1 day ago
Teck Resources Limited (NYSE:TECK) experienced a 6% decline in share prices on Friday, closing at $33, after revising its production outlook for copper and molybdenum downward due to challenges in tailings management. The company lowered its annual copper production guidance to 470,000-525,000 tons and molybdenum production to 3,800-5,400 tons. Despite an 881% increase in net income for Q2 compared to the previous year, investor sentiment was negatively affected by the lower growth outlook.
Source: YAHOO