Thompson Creek studying wall slough's potential production impact

Molybdenum miner Thompson Creek Metals suffered a wall slough, or slippage, at its eponymous mine in Idaho last week, but there will not likely be a material impact on the mine plan. The TSX- and NYSE-listed company said it would review any...

Thompson Creek unveils debt, equity funding, shares dip

Shares in Thompson Creek Metals, the Denver, Colorado-based molybdenum producer, slid nearly 10% in early Toronto trade on Monday, after the company said it would sell $200-million in secured debt, as well as eight-million tangible equity units...

Quarter horribilis for Thompson Creek as earnings dwindle to $1.1m

If it has been a rough ride in recent months for Thompson Creek, the Denver-based molybdenum producer, 2012’s first quarter was a bus-sized pothole. A halving of sales to 4.9-million pounds, lower prices and soaring cash costs all conspired to...

Thompson Creek warns of loss, completes mill expansion

Molybdenum producer Thompson Creek Metals on Friday said it expected to post a first-quarter operating loss, mainly owing to rising costs and the start-up of a new 55 000 t/d mill at its Endako mine, in British Columbia (BC). First-quarter...

Endako mine, Canada

A molybdenum mine situated in Canada.

USW reaches tentative accord with Thompson Creek

Thompson Creek executes credit agreement for $290m revolver

Molybdenum producer Thompson Creek Metals has executed a credit agreement for a four-year revolving credit facility of $290-million, which can be increased to $300-million at any time, the firm said on Friday. Up to $100 million of the facility...

Thompson Creek expects smooth sailing in financing Mt Milligan mine

Molybdenum producer Thompson Creek Metals could probably quite easily finance the development of its Mount Milligan copper/gold project, in British Columbia, from existing funds, cash flow and the exercise of warrants, assuming markets stay at...

Terrane shareholders OK acquisition by Thompson Creek

Shareholders of Terrane Metals have approved the acquisition of the Vancouver-based company by molybdenum miner Thompson Creek Metals. A special resolution on the deal was approved by 99% of the votes cast by securityholders entitled to vote, at...

Moly price trend up but bumpy – Thompson Creek

The general direction of the molybdenum market remains positive, although not without its ups and downs, Thompson Creek Metals CEO Kevin Loughrey said on Friday. “The molybdenum market continues to be improving on the longer term, but it has...

Community files Endako mine expansion petition – Thompson Creek

Molybdenum producer Thompson Creek said on Monday that it was satisfied with its efforts to consult with local communities regarding its Endako expansion project, in British Columbia. This comes as the Stellat'en First Nation filed a petition in...

TCM eyes 'strong and steady' moly recovery, seeking acquisitions

Molybdenum prices are firming nicely, underpinned by demand from Europe, the US, China and the rest of Asia, Thompson Creek Metals CEO Kevin Loughery said on Thursday. “We think the general momentum of the market place is good, all of our...