The latest quarterly earnings for Teck Corp. included revenues from the David Bell mine at Hemlo which produced 23,100 oz gold during the period. Teck reported net earnings of $6.5 million or 12 cents per share for the three months ended Dec 31 compared to $5.4 million or 9 cents per share the year before.
Over-all revenues were $48 million compared to $51 million in 1985 and cash flow from operations totalled $16.8 million versus $14.9 million the previous year. Teck will equity account its share of Cominco earnings beginning Jan 1 of this year.
Be the first to comment on "Teck earnings rose in quarter"