Canadian mining firm Teck Resources sold approximately 5.8 million mt of metallurgical coal in the January-March quarter, falling short of the 6 million mt sales guidance the company provided for Q1 2017 in late December 2016. According to a company press release, improved March sales were mitigated by weaker sales in the first two months of the year.
The Q1 average realized price was estimated at $209-212/mt. Site costs for Q1 are expected to be finalized in the $54-57/mt range due to winter weather issues and transportation delays faced.
Steelmaking coal sales volumes for the second quarter of 2017 are expected to be at least 6.8 million mt with site costs in the corresponding period at $47-$51/mt. The annual production guidance of 27-28 million mt and annual site cost guidance of $46-50/mt is still expected to be met by management.