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Gold|PROJECT|Maintenance|Operations
Gold|PROJECT|Maintenance|Operations
gold|project|maintenance|operations

Thompson Creek molybdenum mine restart project, US

Image of molybdenum rock

1st December 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Thompson Creek molybdenum mine restart project.

Location
Idaho, in the US.

Project Owner/s
Centerra Gold.

Project Description
Thompson Creek has been on care and maintenance since late 2014. Centerra’s prefeasibility study (PFS) on the mine supports a disciplined path to restarting operations and realising significant vertical integration synergies with the Langeloth metallurgical facility. The PFS proposes production of 134-million pounds of molybdenum over the 11-year life-of-mine.

Potential Job Creation
Not stated

Net Present Value/Internal Rate of Return
A restart of the mine, vertically integrated with operations at Langeloth, would result in a combined after-tax net present value, at a 5% discount rate, of $373-million and internal rate of return of 16%, based on a flat molybdenum price of $20/lb.

Capital Expenditure
Capital expenditure is estimated at between $350-million and $400-million.

Planned Start/End Date
First production is expected by the second half of 2027.

Latest Developments
Centerra has started a feasibility study, which is expected to be completed by mid-2024.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Centerra Gold, tel +1 416 204 1953 or email info@centerragold.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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