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Teck Resources says 2023 copper production fell short

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Teck Resources says 2023 copper production fell short of guidance

Teck Resources Ltd. says its copper production for 2023 fell short of its guidance for the year, while its zinc production also came in slightly below its expectations.

The Vancouver-based miner says copper production for 2023 totalled 296,500 tonnes as it faced a slower ramp-up at its QB2 project, as well as a localized geotechnical fault at its Highland Valley Copper operations in August that has been stabilized. The company's guidance for 2023 had been for between 320,000 and 365,000 tonnes.

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Barrick's production is also down.  These big companies are maintaining production through aquisition instead of finding new deposits.  The pool of suitable candidates is shrinking! Gold and copper production dips at Barrick | Kitco News