Teck Resources posts record quarterly profit amid soaring commodity prices

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Teck Resources posts record quarterly profit amid soaring commodity prices
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The Vancouver\u002Dbased mining firm says its net income attributable to shareholders surged to $1.68 billion or $3.07 per diluted share, compared with $260 million…

The Vancouver-based mining firm says its net income attributable to shareholders surged to $1.68 billion or $3.07 per diluted share, compared with $260 million or 48 cents per diluted share a year earlier.

Revenue for the three months ended June 30 was $5.79 billion, up from $2.56 billion in the prior year. He says strong commodity prices in the quarter allowed the mining company to complete share buybacks and pay down outstanding debt.Article content The company’s board of directors says Lindsay, who has served as Teck’s president and CEO since 2005, plans to retire Sept. 30.

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