Moly price to keep climbing despite market turmoil – TCM boss

The stock market burnout over the past week is different to that of late 2008, and Thompson Creek Metals expects the molybdenum price will buck the downward trend in other metals and increase next week, chairperson and CEO Kevin Loughrey said on...

Endako mine, Canada

A molybdenum mine situated in Canada.

TCM to mine copper at negative costs at Mt. Milligan if gold prices stick

If copper and gold prices remained at current levels, Thompson Creek would generate “well over $600-million” in yearly revenues from the Mt. Milligan mine the Toronto- and New York-listed company is building in British Columbia, CEO and...

Thompson Creek boosts notes offering to $350m

TSX- and NYSE-listed Thompson Creek Metals on Friday said it was increasing its previously announced debt issuance by about 17% to $350-million. The senior notes, due 2018, will pay interest of 7,3%, the company said, adding that it would use the...

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...

Thompson Creek will raise C$217m in bought-deal financing

Molybdenum miner Thompson Creek Metals will sell 15,5-million shares to raise C$217-million in a bought-deal public offering, the firm said on Tuesday. The company, which said earlier this month it would restart a mill expansion at its Endako...

Greystar hires CFO, other key management

Vancouver-based Greystar Resources, which owns the Angostura gold/silver project, in Colombia, has appoined Timothy Lallas as CFO, the company announced on Tuesday. Lallas was previously director of risk at molybdenum miner Thompson Creek Metals,...

Pace of moly rebound augurs well for further price gains

A “dramatic” increase in the price of molybdenum over the last few weeks, driven by broad and steady demand growth, bodes well for producers like Thompson Creek Metals, CEO Kevin Loughrey said on Friday. The price of molybdenum, which is used...

Moly price well above $10/lb needed to fund new supply, producer argues

The molybdenum price will need to rise significantly from the current level around $10/lb, if the industry is to invest in new production that will be needed to meet future demand, Thompson Creek Metals CEO Kevin Loughrey said last week....

Moly price well above $10/lb needed to fund new supply – Thompson Creek CEO

The molybdenum price will need to rise significantly from the current level around $10/lb, if the industry is to invest in new production that will be needed to meet future demand, Thompson Creek Metals CEO Kevin Loughrey said on Wednesday....

Thompson Creek plans output cuts on continued weak demand

Molybdenum miner Thompson Creek Metals will reduce its 2009 production from previous guidance, and plans to shut both its mines for a full month during the summer, the firm said on Monday, citing unfavorable market conditions and reduced demand...

Thompson Creek delays new moly mine after precipitous price drop

Molybdenum-producer Thompson Creek Metals has postponed the development of a new underground mine in Canada, after a “dramatic reduction” in molybdenum prices, chairperson and CEO Kevin Loughrey said on Friday. The metal is used to strengthen...