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Enter Symbol
or Name
USA
CA



Thompson Creek Metals Company Inc
Symbol TCM
Shares Issued 214,764,220
Close 2015-07-07 C$ 0.95
Market Cap C$ 204,026,009
Recent Sedar Documents

Thompson Creek produces 20.2 Mlb Cu, 59,900 oz Au in Q2

2015-07-08 07:34 ET - News Release

Mr. Jacques Perron reports

THOMPSON CREEK REPORTS SECOND QUARTER 2015 PRODUCTION AND SALES RESULTS

Thompson Creek Metals Company Inc. has released production and sales results for the three and six months ended June 30, 2015. Total concentrate production for Mount Milligan for the quarter ended June 30, 2015, was 39,600 dry tonnes, with 20.2 million pounds of payable copper and 59,900 ounces of payable gold, which represented increases of approximately 26 per cent and 62 per cent, respectively, from payable copper and gold production during the second quarter of 2014. Total concentrate production for Mount Milligan for the six months ended June 30, 2015, was 69,900 dry tonnes, with 35.6 million pounds of payable copper and 106,000 ounces of payable gold, which represented increases of approximately 17 per cent and 39 per cent, respectively, from payable copper and gold production during the first six months of 2014.

 
                         PRODUCTION AND SALES RESULTS

                                                 Q1 2015    Q2 2015   YTD 2015
Copper and gold
Mount Milligan mine
Average daily mill throughput (tonnes)            39,569     44,940     42,269
Mill availability (%)                              87.3%      91.2%      89.3%
Copper ore grade (%)                               0.26%      0.28%      0.27%
Copper recovery (%)                                79.3%      85.5%      82.7%
Copper payable production (million lb)              15.4       20.2       35.6
Copper sold (million lb)                            14.8       21.2       36.0
Gold ore grade (g per tonne)                        0.63       0.65       0.64
Gold recovery (%)                                  66.7%      72.7%      70.0%
Gold payable production (000 ounces)                46.1       59.9      106.0
Gold sold (000 ounces)                              36.8       57.9       94.7
Molybdenum sold
Company mines
Molybdenum sold (million lb)                         2.5        0.6        3.1
Third party sourced                                  1.8        1.6        3.4
Total molybdenum sold (million lb)                   4.3        2.2        6.5

Jacques Perron, president and chief executive officer of Thompson Creek, said: "During the second quarter of 2015, we achieved our highest average daily mill throughput on a quarterly basis of 44,940 tonnes, and for May and June averaged 49,913 tonnes. Recoveries steadily improved during the quarter, averaging 85.5 per cent for copper and 72.7 per cent for gold. Additional operational improvements at Mount Milligan are expected to be made during scheduled maintenance shutdowns later this year, which will impact mill availability. We are confident that we will continue to experience improving performance at the operation through the remainder of the year."

During the three and six months ended June 30, 2015, the company completed three and seven shipments, respectively, of copper and gold concentrate, and recognized four and seven sales, respectively.

We seek Safe Harbor.

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