COALTeck Coal (100%)
Operating results at the 100% level are summarized in the following table:
Three months ended December 31--------Year ended December 31
-------------------------- 2010----2009-----2010-----2009
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Production (000's tonnes)-6,028-- 5,354---- 23,109--- 18,930
Sales (000's tonnes)------ 5,950---5,368---- 23,167----19,767
Average sale price
US$/tonne--------------- $ 200----$ 139----- $ 181----- $ 157
C$/tonne-----------------$ 204---- $ 151---- $ 188----- $ 177
Operating expenses (C$/tonne)
Cost of product sold------ $ 54------ $ 52------ $ 59------ $ 55
Transportation-----------$ 35------ $ 30------ $ 32------ $ 32
Depreciation/amortization $ 23------ $ 28------ $ 24------$ 26
Operating profit summary ($ millions)
Before depreciation/amortization $ 679--- $ 372--- $ 2,248--- $ 1,795
Depreciation and amortization---- (135)--- (153)---- (558)---- (517)
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After depreciation/amortization-- $ 544--- $ 219--- $ 1,690--- $ 1,278
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The rest of the company did the following:
We recorded record annual and record quarterly revenues of $9.3 billion and $2.8 billion, respectively. Operating profit for the year was a record $3.6 billion and cash flow from operating activities was $2.7 billion.
4 comments:
hopefully their are others that i work with that monitor your site regardless this info is helpfull. Thanks (The miners journey)
Dean
Have you seen the Teck stocks today, Bloomberg stated that they were disappointed with the results.
They failed to fulfil shareholders expectations?
Dean, I do not know how to interpret these high numbers. Do they mean if I call up a stock broker and tell him to invest my RRSP’s in Tech Resources that I would get a good return on my investment? Or do they mean if I am on strike negotiating a new wage contract the company has lots of many to play with?
Just putting information out there how you use it is up to you.
The only reason I post information on Teck is because it is our number one employer, therefore such an important part of our lives.
I truly hope Teck and all of its employees do well. Our communties would be hooped without the mines.
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