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Thompson Creek Metals Company Reports Increase

  • Wednesday, August 6, 2014
  • Source:ferro-alloys.com

  • Keywords:FeMo ferromoly moly concentrates moly oxide
[Fellow]Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (the "Company" or "Thompson Creek"), a diversified North American mining company, announced today financial results for the three and six months ended June 30, 2014, prepared in accordance with United St...

Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (the "Company" or "Thompson Creek"), a diversified North American mining company, announced today financial results for the three and six months ended June 30, 2014, prepared in accordance with United States generally accepted accounting principles ("US GAAP"). All dollar amounts are in United States ("US") dollars unless otherwise indicated.

"We are pleased with our improving safety performance, operational results and ending cash position," said Jacques Perron, Chief Executive Officer of Thompson Creek. "We ended the quarter with an increase in cash from the first quarter of this year, which is another significant milestone for our Company following the completion of Mt. Milligan Mine. During the second quarter of 2014, we continued to focus on execution at Mt. Milligan and achieved an average mill throughput of 48,065 tonnes per day for the month of June 2014 and experienced improvements in both copper and gold recoveries. Looking ahead, management will remain focused on the Mt. Milligan ramp-up. We continue to expect fluctuations in mill throughput until we consistently achieve approximately 80% of design capacity, which we expect by year-end 2014, and 100% by year-end 2015."

 

  • [Editor:Mango]

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