Okay. Thank very you much, Jonathan.
I’ll slide the we’ll So, on to turn through and presentation, the X highlights. go now
completion year higher during and to of XXXX At than last record QX QBX, achieved and each number profitability of exciting of we of our quarter attributable times by getting our and the significant to adjusted to businesses. cash design seawater the of record-setting desal marked to critical results, across quarter, is X shareholders milestones on shareholders. Teck’s the which strengthen strong of starter adjusted first transformational of in copper. our area fourth EBITDA billion, strong our of pretreatment second the the elevation profit to flow And We’re construction $X.X into We the report record more the on delivered transmission and a billion, us system, second which we its pleased dam than including financial quarter of beginning this path return performance which driven $X.X further our quarter execute enabled while sheet consecutive for growth, is EBITDA balance profitability. the plant,
During progress company C$X.X in continued safety potential becoming frequency and mining and a goal further million billion of QX, Yesterday, XXXX. brings dividend, building low And at I’m the year-to-date. our injury notes. we outstanding high million Year-to-date, authorized biodiversity, we to share share sustainability long-standing we and approximately nature-positive and Teck US$XXX first pleased a per buybacks. dividends our completed in company set paid remained ambitious $XX our with $X.XXX term on by we commitment share and buyback program leadership. of to an million commitment X.X $XXX to our We to a buybacks. total became million this share declared US$XXX in redeemed authorized in
reflect efforts they caring for employees for where land work. passion our sustainability Our live and of the the
footing manage to the performance the the economy. the recognition corporate the sheet balance proud strong by on inflationary the through current global consecutive of the were pressures citizens Overall, for best ongoing XXth named we put very outside solid a strong industry. operational are year. Teck of We XX our in Canada and and We slowdown as
X. slide Turning to
As stated of than record XXXX. we QX billion, times earlier, delivered X more higher $X.X than which was adjusted of EBITDA
of XX% of course, one pressures which to units, last meaningful Our of others compared record industry, reflect steelmaking and EBITDA to price increased business contributions by global Not $X.X in from quarter. delivered unlike billion that our the year, particularly attributable in is QX operating the half each persistent our results of overall of diesel. the coal, costs inflationary
transportation higher driven costs. our Gross that the as operations, ton quarter sales by X% and with X. diesel second forward increased year, XX,XXX slide production to partially on the increase business remained compared by to copper particularly Turning profit last by the shifted offset in starting consumables, third from year-over-year. flat was in This quarter a
cash that, $XXX unit remained settlement increased of averages decline the towards US$X.XX negative $X.XX set EBITDA above total pound. from a price adjustment, Notwithstanding copper quarter. in in Our price prices of costs million million copper by pound. per resulting of at QX $XXX end historic to US$X.XX the well the per QX included
During price we cost $X.XX Andacollo. copper remains XXXX forecasts. to per de pound net cost a Carmen increased and agreement $X.XX at due forward, unit primarily before, cash guidance our quarter, $X.XX collective from for unchanged. inflationary the our we signed new And three-year XXXX to the We pressures production lower byproduct copper looking were to to $X.XX guidance
of to lower Moving QX which to decrease higher consumables EBITDA last cost due due At unit XX% compared last total offset $XXX X-year was to in the increase reflects prices, smelter Trail. reached million but The sales processing business are XX% we in quarter at on also or zinc million. tripled and zinc July the than X. in inflationary to on maintenance end, compared Subsequent the to contributions. substantially zinc we higher zinc pressures byproduct the the in slide labor. largely $X.XX to QX write-down cash QX quarter. year, Trail, on lower on Xth, prices new a due zinc year, to at XXXX, production $XX a charges the more our increase primarily roaster increase and to inventory on costs concentrate a recorded zinc and zinc agreement collective end refined
planned commenced from Dog and September Dog of production. be Red to XXX,XXX July and Red to we shipping QX, seasonal Xth, activities in pattern. Major to XXX,XXX season on are concentrate the which tons November, at sales normal ahead, expect Looking the zinc Trail will reflecting maintenance impact
per cost as billion. production zinc Our coal primarily year unit $X.X from unit last higher $X.XX per charges price higher profit-based second unchanged. $X.XX well compensation. of $XXX set our guidance processing profit year. steelmaking guidance pound remains the to net prices increase increased from is $X.XX per the We pound due slide of increased mined in expected On record gross cash to the diesel EBITDA XXXX for quarter. $X.XX six-fold zinc The and half to XXXX quarter to another FOB smelter as ton billion, billion, coal our Steelmaking quarter surpassing hit a yet business delivered of which the with record $X.X X, Australia steelmaking million assessments was increase US$XXX was last a in at high to $X.X compared coal record previously.
in remain ton price, back customers at averages. in Sales While our to per pulled prices based China per they averaged on exit CFR to the which are ton, $XXX $XXX historical in China the than quarter QX. May higher
and tons last US$XXX plant guidance. Sales reached were were some a million a million lower quarter, was than prices, X.X shutdowns ago As realized due X.X strong a result the in price challenges. maintenance to of which more of high QX than record per within triple of our tons planned Production ton, year of year. reliability
Importantly, upgraded near inventories Neptune demonstrated performed and Terminal through infrastructure high coal capitalize historic us to in the levels, reducing their and quarter. enabling our value quarter well rail on mine low by steelmaking to prices the very
record at million coal as to Looking forward, of in production the mine clean X.X to match low inventories we expect quarter tons closely X.X third sales million levels.
workforce to cost for production our plant Given guidance site to our we to the tons We from reliability XX.X million year adjusted million million the full previously. XX.X sales $XX lowered and million challenges, tons guidance per cost Transportation $XX pressures. in XX.X to cash year are XX decline full annual full costs production to a per and guidance ton unchanged. of half to expected and inflationary as result remains $XX unit the year, though from higher the reduced to of second $XX ton year our increased
Our for project XXXX to was spending. shift million guidance water due capital steelmaking by $XXX sustaining in of reduced largely timing a coal
XX. slide to Turning
line, a and its increasing was XX% of strong Hills diesel to The bottom only. Hills US$XX.XX positive to to quarter the EBITDA year on us was million in business last planned increased unit quarter. in train drove and in blended costs Select Canadian a prices, the lowered driven were Fort prices to with when Realized addition production the operation compared million operating ramp-up generated compared year. two-train outage quarter, bitumen barrel, million hedge in increase to compared one Further, to WTI provides averaged in Hills a Fort energy the sales. second operated which maintenance barrels and X.X against year. successfully prices. Sales completed second Our Fort a last last $XXX per higher Western And quarter contribution in natural XX-day the X.X by
the and operating as per $XX increased per in well to higher Looking an costs adjusted for contractor $XX unchanged. production barrel as previously diesel $XX to $XX but guidance due guidance full from forward, cost to remains costs, barrel year to increase gas input natural
XX,XXX we to have we quarter. through proud that slide made progress have workers the on we XX. steady project, are on At QBX, the approximately the Moving now and of
terms of are the transmission achieved, the have and construction substation. kV milestones sequentially system key In completed we XXX energizing electrical of
the mine, shop concentrator. began supply transferred we design area testing the truck water, the XX% pumping of of we testing we commissioning, We hydro stations. elevation. preoperational pretreatment complete terms to pipeline its turnovers to the completed water seawater pump starter in and are for the system At We operations. the dam In into the began to at
run wave result QX to of including Omicron billion inefficiencies, of ongoing $X.X guidance approximately as to of labor cost impacts which Our absenteeism, at that we in a continues levels. COVID-related costs, on XX% COVID-XX-related inflation $X.X the to impact remains have to and increased billion the costs capital ultimate the unchanged, experienced while due our
from first to X in the part and line completion of copper target latter on year with this handover. a focus We continue system
continues the high-pressure if delayed the dome inside Jetty switch the with of completing On the quarter. as concentrator from this today, enclosed. advance introduced construction Slide building and this absenteeism we the where to stockpile ship to see the power you hydro can slide Pump overall testing conditions, concentrator. pump shows completed station to the XX see the loader system copper. it photo until gear of area support slide to water quarter, foreground stations almost than Slide completed May XX, the advance power key supply one view Station can from on continue we on pipeline of area, background, the substation assembly, you are XX shows X, subsurface the gas-insulated to began for the the liners XXXX. seawater tailings is that testing. pump launder, arrangements needed water progress In plant where X operations left. the XX fully the the conveys half truck focus in in may which in testing. and that’s into be related the the XX and are of the we can required of of tailings an area completed concentrate On shows where lines the However, see energized, more COVID-XX building. The the slide the deck first January ship area into the the specialty of grinding is On craft necessitating the up Construction sequentially XX% impacted you and loader. availability a water activities. from on can SAG XX, the alternate commissioned commissioning. electrical fourth was weather of marine copper. one have the on now the the vendor concrete and Slide supply shipping progress We’ve On transferred of XXXX. you piling the completed line inside in been to the shop tailings the key facility. that plant of desal grinding you by pumping a of is Main area see mill for XX, pretreatment of X, the being transmission at installation the substations turnover this flotation into station the for concentrate the desalination here of is systems The that slide will one we to first in preparation that’s the shows has Slide right provides and channel systems in completion a which XX this can see XX, shows the first of slide is portion And in that for of area quarter, in preoperational commissioning
completed concrete the shows starter all to and associated bring earthworks where dam, XX of design we the slide to the Finally, dam works its height.
be pleased to very the continue are we we summary, in making. with progress So, that
that, on I video We’re successes to to our of With pass visit our Jonathan focus with to the to latest to recent the a gallery. most I’ll building website our excited to you results. progress encourage watch delivering milestones. over date discuss now about project’s section it photo financial construction and on view key Investors the the
