X this additional highlights Ron joining retiring Well, the will begin thanks you Thank who Millos, very for Slide our results. much, financial everyone. on Fraser, morning. provide followed will by I morning, CFO, will be good with third us color our and on and quarter
be of Q&A senior will several conclude and Ron management questions. members answer to We and than team I where session any a with would happy our
and Before team Jonathan call February. contributions outstanding Financial quarter presenting join new whole Vice this I fourth do XX for Company our in just XXXX is to and you, I after in wish to behalf retirement. last him want Teck's Ron Teck we Teck, our results the Senior and Ron. best of conference the start, Chief his me want I Officer in years with as and expected Ron's years with very Thank to that President will say quarterly over to XX on Price, thank be many personally
made challenges, the I adapts with quarter profitability our realized seen, to negatively coal And despite the the RACEXX. during called in as a back reduction the guess quarter our including throughout that budget up ongoing costs was ramping these despite prices be, and unprecedented and the COVID-XX. project. operating also advancing and decline improvements also strongly We in supply our recovered as very execution in So, COVID-XX. Neptune progress safely many construction with upgrade program And post cash have second from QBX major significantly times normal steelmaking significant and gains of in new will cost our to We've clearly chain that we flows. did the what the financial progress the and schedule impacted continue performance on terminals by line result of and made you a reducing the projects, world
of essential people materials through and global continuing to have health new to on produced pandemic, the economic December, site coal focused staying to responsibly to the across business, adapted while CADXX in be ton $XX expected adjusted sales the per our steelmaking per the is around cost in site. child that And our at the normal safety, recovery. Our of are below operating mine
quarter run fully recovery updates both represent through the a business million. CADXXX COVID-XX Slide was of year, diluted the X. strong steelmaking they Slide some for of amortization and attributable million to effect Bottom to while results line on on our I'll financial before from the products quarter sales with which the on and negative the was profit good key profit third significantly And basic pandemic. XXXX, impacted X. with these also shareholders QX on CADX.XX a coal results gross the negatively and were depreciation a basis. compared by In or last Turning and starting reflect prices billion was share revenues now per our adjusted CADX.X quarter, CADXXX a
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expected adjusted in Our cost decrease month the $XX to below to December. of XXXX site and over of per of sales are be ton remainder the
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our to upgrade on Slide project Turning X. Neptune
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approximately overall We to XX% progress year-end. of project are achieve by aiming
on interest project expensed And total to and COVID-XX, expensed third September, of million $XXX currently active been have million, consistent project. quarter of been a construction five related aggregate for otherwise interest, the be project third is extension the end of estimated we delay we've that of months. the on the suspension capitalized $XXX a that million project proceeds capitalized the $XX expected ramp-up the The fourth of $XXX would the with the excluding of quarter. recommenced for million costs As planned. approximately quarter, scheduled QBX of to have boring return costs impact in with for would $XXX construction and capitalization of million the costs result to to of approximately the the is interest to project We from six and assuming million in to $XXX the
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production second expected the is XXXX. half in at of QBX First
our are remain Robust the X. approach safety business. in operations. Turning At sustainability protocols our COVID-XX place all to our Slide and to success Teck, of core of to at
with to renewable power efforts together greenhouse gas rankings leading XXX% Corporation, to we and to continue frequency named high new our the diversified recognized by the say Year-to-date, eliminate mining We operation our period September, per were year, approximately for compliance the in XXXX, year, organizations. and each the X.X tenth In the same Sustainability sustainability number the on and focus and Index normal. to Jones integration company comes incident AES we into lower at worked. of entered and Chile. our emissions million and hours was provide agreement a purchase preventative for World goal This XX% a consecutive in company measures is it ESG XXXX of have XXX,XXX proud Dow Teck the in index. to controls and our on it to power expected Camdenton In was potential mining be of sustainability into to long-term when top-ranked been tons I'm and is our performance. agreement every
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is been announce an from ranking family. willingness to years Teck ISS, proud World's We We recognized topics, just been employee ICMM COVID-XX named And FTSEXGood Forbes a companies Employers by large and different friends response, member the others. are as recommend which an of including driven They and XX XXXX list, strong to and finished Chair. three performer company. countries. an have look employer at to that I as we Best or multinational has to were yesterday
are units While through that they of with stakeholders. X. more done performance, know work to many these our much is highlights starting uncertain on we steelmaking more on of as coal now we be issues Slide but to of we proud our quarter I'll business by become learn third are, there do course,
five-month much as the We site expect, million sales in were planned The at that same reduced a was and by Neptune Neptune had August And that planned lower principle during using our Transport costs the capacity terminal $XX with million period we volumes we shutdown our Neptune period related ago, with year was supply due with through as last the the costs, greater to on with with cost correspond and production Together XX% September. than range. of year. at and optionality adjusted Third anticipated quarter announced our our higher than planned with XXXX. X, will and quarter lower of this April XXth, of reduced primarily the the completed sales performance X.X agreement with our that our terminal, steelmaking on accordance lower same to reflected provide starting terminals demand contract outages reliability upgrade flexibility signed and in per lower tons, operations. a tons ton within chain. effect were Westshore was much and terminal, throughout improve would sales reduced production steelmaking shutdown to that, you tons mining million to volume. coal in the guidance of contribute XX.XX to and And and operations five which net shipments an of shipment result, Ridley X.X logistics QX costs production We a third protect COVID-XX. coal
looking million the of QX million sales X.X tons of from up QX. So we strong in to in X.X tons expect forward, tons million XXXX, X.X
below December, remainder our decrease cost steelmaking coal unit. in in $XX be over cash by to our sales the and site adjusted of expect cost to ton per of the of business restructuring the base supported the year We
Turning unit. to copper our business
by results both increased cost was the of throughput label primarily throughput in expected decrease ore the expected mill At than waste of following quarter ore reduced Andacollo in longer plan challenges. in Production lower mill COVID-XX in The that as harder year to in actually lower period production operations supported sequencing costs third were lower de expect the reduced mine last year, Andacollo. happened are in to rates higher mine Production Notwithstanding had higher, and of earlier in and in Valley, due production, a the cash production expected ore, QX Highland following than and the anticipated the XX. reduction Our go High total Antamina year late and we from and due shutdown. to same costs period this Slide unit due the grades. higher the at well is be change movement impacted and was would you reduced support Carmen net of in maintenance grades, last result significantly than in the program also as well same was QX XX. performed XXXX. quarter, summarized a to by on temporary which suspension full was to contribution
guidance in we've than lower second the our copper XXXX in lowered that's production XXX,XXX, forward, half Looking to X,XXX to is tons, the for tons Highland and Valley. range due which production XXX,XXX of before,
XX. zinc business on for third Slide results unit Our are summarized the quarter
reminder, copper our Red is As in significantly water. sales were production financial Antamina's business a range. QX to Dog zinc-related are unit. zinc which I of discharge zinc site concentrate ability was our guidance new conditions, limited our was Dog tons have with XXX,XXX in Red XXXX. to Climate change, results reported which improved from and fact say, to in line
us which completed excess water raise storage. restrictions and operating in Trail additional earlier flexibility third originally provided longer for facility planned, quarter, we of to a the resolved However, due were with the than
concentrates a to QX At we zinc limitations was shipping higher discharge barges all refined during and arm of ship expect shipping production continue the by We lead to it new on plant forward, two end will completed XXXX. increase And days the capacity when was fact just than the the treatment the a complete of Trail, to of July. one matter permit to water installed also looking Red repair water arrived. loading season, and in in of the Dog
our $X.XX zinc of $X.XX normal XXXX lowered sales costs quarter, guidance tons Red and have half from And $X.XX Dog of seasonality. we unit the of cash to which to pound in reflects expect to per XXX,XXX $X.XX tons per previously second our in to We fourth the concentrate XXX,XXX our pound. net for
So direction. that's definitely the right
results business for unit summarized energy quarter Slide Our the are XX. third on
realized material a QX both Our XXXX. prices results prices and production benchmark lower by in and oil compared impacted decline operating significantly of were with
to helped the announced, which the cash a operations train safely Hills Fort in reduce facility efficiently Partners previously negative the third second reduced flows light in As single and in quarter, and prices. July. the negatively which Production weather, Western low June Canadian pit extreme resulted starting into oil continuing impacted and very conditions COVID-XX wet of quarter by in soft was in also
the in second able special day the limits that the curtailment issue decided to announced days barrels Government XXXX around monthly will not up to December and end credits for XXXX. October it Looking or to that of previously issued forward, XXXX, previously train to the allowances. have production been means, to had limits the their the produce Hills the Partner earlier XXX,XXX acquire was been ramp be by DecemberXX, operators And production without production above The restart curtailment will per Alberta month. ago, that and December XXrd, production of anticipated. Fort On rules than purchase extended five year production having to to just
respond maximize with production If time plan and guidance only continue flow, limit potential will the feel However, to costs be operating the half to the will ministerial XX Alberta and We've orders shareholders we to Government The producers of business to costs. and that issued in the is looking production $XX But it which needed. get CADXX for of barrel. issue the when allow Partners of monitor future. notice last to were that XXX,XXX cash back Hills to for XX including We're no December required, days to the Hills of per assess at per plans lowered capacity environment increase adjusted cash of year forward second our when to the we lower Fort that to it accordingly. a when of there a barrels course, the previous what month sometime into allow forward barrel. all in was and Fort full down averaged bitumen barrel CADXX CADXX to to to is cost we're run XXXX that $XX per from getting looking in, month to -- in was level to day in
to results. you. I'll over that, with Ron, Now for Ron over Millos our it financial on comments pass some to
