Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (29649)	1/14/2007 12:38:25 AM
From: koan	Read Replies (1) \| Respond to of 78419

Two good articles on why LME zinc supplies rose: Part 1: September 26, 2006 Teck Cominco Announces Revised Sales Guidance Vancouver, BC - Teck Cominco Limited announced today that it is revising its sales guidance for the third and fourth quarters of 2006. While production in the third quarter is substantially in accordance with plan, third quarter sales of zinc in concentrate are now expected to be approximately 125,000 tonnes compared to the previously announced estimate of 175,000 tonnes, as a result of ice and weather conditions affecting the Red Dog Mine in Alaska. Fourth quarter sales are now expected to be above previous guidance as a result of the shipping delays in the third quarter. The Red Dog Mine shipping season commenced two weeks later than normal as a result of ice conditions. Poor weather has reduced ship availability and has further delayed certain shipments. In addition, a high proportion of early shipments from Red Dog in the quarter went to Vancouver to supply the Trail metal operations, correspondingly reducing shipments to third party customers in Europe and the Far East. Assuming satisfactory shipping performance in the fourth quarter, sales tonnage for the fourth quarter of 2006 is expected to be approximately 225,000 tonnes, or 25,000 tonnes above previous guidance. An additional 25,000 tonnes of sales originally expected in the second half of 2006 will be deferred to the first quarter of 2007. Teck Cominco still expects to ship approximately 550,000 tonnes of zinc in concentrate during the 2006 shipping season, representing substantially all of the minesite concentrate inventory. In addition, Teck Cominco’s third quarter operating profit attributed to the Antamina mine will be negatively affected by the timing of shipments of 5,000 tonnes of copper in concentrate that will be recognized in revenue in the fourth quarter, increased royalty expenses and our provision for a potential liability resulting from Antamina’s agreement in principle during the quarter to make certain social payments. Production at all of Teck Cominco’s base metal operations has been substantially as expected during the third quarter. Teck Cominco will release its third quarter 2006 financial results on Monday, October 30, 2006, after markets close. Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and on the New York Stock Exchange under the symbol TCK. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold, indium and other specialty metals. Further information can be found at www.teckcominco.com. NewsBlast Sign-Up StockHouse NewsBlast: Receive company sponsored news and information via email. « Previous Message Next Message » This message (Post #13938598) has been viewed 72 times Report a BullBoards Violation Ignore elberbank Post Reply View Threads Go to BullBoard: Symbol Company Name Search by Post ID: