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By Rose Ragsdale
For Mining News 

Teck Cominco delivers despite setbacks

Higher lead prices, diverse assets buoy Canadian producer amid reverses at Red Dog, Highland Valley, Jericho and Galore Creek

 

Last updated 3/30/2008 at Noon



Hammered by several significant reverses in the fourth quarter of 2007, Teck Cominco Ltd. managed to still turn a substantial profit and deliver $1.6 billion in full-year earnings.

Earnings plummeted to C$280 million, or 64 cents (Canadian) per share, in the fourth quarter, down nearly four-fold from C$866 million, or C$2.01 per share, during the final quarter of 2006.Year-over-year earnings a...



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