Before we start, I'd like to draw your attention to the forward-looking information slides on Pages 2 and 3 of our presentation package. This presentation contains forward-looking information regarding our business. Various risks and uncertainties may cause actual results to vary. Teck does not assume the obligation to update any forward-looking statement.

And at this point, I'd like to turn the call over to Don Lindsay.

Donald R. Lindsay

Thanks, Greg, and good morning, everyone and thank you for joining us. I will start with the review of the results for the quarter, and then turn the presentation over to Ron Millos, our CFO, to address the more in-depth financial topics. And I should say that a number of the other members of the management team are on the call this morning and available to answer your questions.

Starting on Slide 5. This quarter, we achieved record copper production of 90,000 tonnes, thanks, in part to the completion of Antamina's expansion which is now up and running at a slightly better than its nameplate capacity. In coal, our sales during the quarter were over 6.7 million tonnes or at an annualized rate of almost 27 million tonnes. We ended the quarter with a cash balance of about the $3.6 billion and we have new 5-year labor agreements that were ratified of at our Trail operation in June and our Cardinal River operation in July.

Turning to Slide 6. Our second quarter revenues were over $2.5 billion and gross profit before depreciation and amortization was approximately $992 million and profit attributable to shareholders was $268 million. EBITDA was $790 million and adjusted profit, which removes the effect of onetime items and derivatives and exchange gains and losses was $312 million. I'll discuss these items on the next slide.

This quarter, the most significant adjustment is related to the onetime labor settlement at Trail, which resulted in a $38 million after tax charge. Other adjusted items were for asset sales, foreign-exchange and derivative gains. Adjusting for these items, profit was $312 million for the quarter or $0.53 per share.

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