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 to raise $300m inflation buffer

Thompson Creek, which reported first-quarter net earnings of $128,9-million at the weekend, has lifted the capital expenditure budget for its Mt. Milligan copper-gold project in British Columbia by nearly one-third, from C$915-million to...

Thompson Creek steps back from Mount Emmons project

Thompson Creek, the Colorado-based molybdenum producer, has opted out of its right to acquire 75% ownership of US Energy Corp’s Mount Emmons project in Gunnison County, the company said on Monday. TSX-listed Thompson Creek said its time and...

USW reaches tentative accord with Thompson Creek

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...

Thompson Creek adj earnings rise

Molybdenum producer Thompson Creek reported first-quarter adjusted net earnings on Wednesday of $25,6-million, up 184% from the $9-million posted a year earlier. Profit received a boost from higher realised molybdenum prices, as well as increased...

Thompson Creek boosts capex plans after 2009 curtailments

Molybdenum miner Thompson Creek has budgeted $298-million for capital expenditure (capex) in 2010, the bulk of which will go towards an expansion at its Endako operation in British Columbia, Canada. The capex figure includes $209-million for the...

Thompson Creek upgrades outlook for output, sales this year

Signs of firming in the molybdenum market have prompted miner Thompson Creek Metals to revise its production, sales and cost forecasts for 2009, the firm announced on Monday. Thompson Creek now expects to produce and sell between 22-million and...

Thompson Creek cautious on moly outlook

Miner Thompson Creek has seen a slight firming of demand and prices for its molybdenum in recent weeks, CEO Kevin Loughrey said on Friday, but he cautioned that, while this is encouraging, it is still too early to talk about a recovery....

Thompson Creek 'actively' seeking acquisitions

Molybdenum miner Thompson Creek Metals is on the hunt for near-production acquisitions, and would consider adding copper/moly assets to its pure molybdenum portfolio, CEO Kevin Loughrey said on Friday. Still, the company is not putting itself...

Creston Moly completes prefeasibility study for Mexico project

Vancouver-based Creston Moly has completed a prefeasibility study on its flagship Creston project, in Sonora, Mexico, and will move ahead with a bankable feasibility study, albeit “in a measured and cash conservative manner”, the firm said on...

Thompson Creek trims capex plans, delays mine expansion

Molybdenum-producer Thompson Creek Metals has cut its spending plans and will postpone a mine expansion, after a “sharp” decline in prices, the company said on Friday. The firm will halt the expansion of the Endako mine, in British Columbia,...