Stocks in play: Teck Resources Limited

Reported an electrical equipment failure on August 25, 2019, at the Trail Operations zinc refinery in Trail, British Columbia, The equipment failure affected one of four rectifiers used in the zinc refinery. There were no injuries or environmental impacts related to the failure. Repairs are expected to take up to 20 weeks at an estimated cost of $5 – $10 million. During this time, refined zinc metal production at Trail will be limited to three of the four cell houses. As a result, production capacity during this time will be reduced by approximately 25%, resulting in an estimated production loss of 20,000 – 30,000 tonnes. Teck Resources Limited shares T.TECK.B are trading up $0.06 at $22.10.