Its stock fell as low as $18.40 in trading in Toronto on Thursday, down from their $19.01 close on Wednesday. Teck estimates sales in the three months ended March 31 will be off by about one million tonnes, resulting in total sales of 5.1 to 5.4 million tonnes. It says coal inventory levels are high and could further limit production if weather doesn’t improve. Meanwhile, Teck says the raw coal feed belt at its Elkview mine in B.C. experienced a mechanical failure which is expected to prevent raw coal processing through the plant for two weeks.

Source: thestar February 06, 2020 18:56 UTC