David Bell mine spurs earnings for Teck Corp.

Teck Corp reports net earnings of $9.5 million or 21 cents a share in the quarter ended June 30, up from $5.9 million or 11 cents a share in the comparable period a year earlier. Revenues were $52 million, compared with $43 million.

For the 9-month period ending June 30 earnings were $22.7 million or 45 cents a share, compared with $16.8 million or 30 cents a share in the same period last year. Revenues were up $141 million to $147 million.

Cash flow for the quarter increased by $7 million from $13 million (43 cents a share a year ago) to $20 million (61 cents a share). Cash flow for the nine months was up from $42 million ($1.37 a share) to $54 million ($1.60 a share).

The company says the increase in earnings over the first two quarters was due primarily to the David Bell mine at Hemlo, where throughput averaged 1,050 tonnes per day in the June quarter and gold production for the quarter was 39,000 oz, and to increased contributions from Cominco and Lornex.