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...

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...

Mining firms suffering never-before-seen capital blowouts – TCM’s Loughrey

Thompson Creek Metals, the Denver, Colorado-based molybdenum miner, said its Mt. Milligan project in British Columbia may cost as much as 20% more to complete at up to C$1.5-billion, as the company struggles with cost inflation rampant in the...

Thompson Creek 'negotiating hard' on gold-linked funding

Molybdenum producer Thompson Creek Metals fell 3% on Tuesday after it confirmed it needed to raise more cash to fund growth and said third-quarter adjusted profit plunged 93% to $3.6-million. The Denver-based firm said lower molybdenum prices...

Thompson Creek adj earnings up as output rises

Molybdenum miner Thompson Creek Metals increased adjusted earnings in the fourth quarter of 2010 to $34,4-million, compared with $20,4-million in the same period a year earlier, after sales volumes and metals prices both rose. Including once-off...

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...

Thompson Creek posts quarterly profit as prices, output rise

Molybdenum producer Thompson Creek Metals earned $31,1-million in the third quarter of 2010, up from a $1,4-million net loss a year earlier, helped by a 28% increase in production volumes and rising molybdenum prices, the company reported on...

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...

Thompson Creek unveils promised acquisition, adding copper and gold

Denver-based Thompson Creek Metals is making good on a promise to put its strong cash balance to work, with the news that it will buy Canada's Terrane Metals, adding a construction-ready copper/gold project to its growth profile. Thompson Creek...