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News Breaks
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February 7, 2012
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| 16:30 EDT |  | TC |
| theflyonthewall.com: | Thompson Creek reaffirms 2012 production, cash cost guidance for Endako Mine | | Thompson Creek Metals announced that the commissioning of the company's new Endako mill is complete and that commercial production was achieved on February 1. For the first five days of February, the new mill was running at or above its design capacity of 55,000 tons per day, a 77% increase over the old mill's capacity of 31,000 tons per day. The company also reaffirmed 2012 production guidance for its 75% share of the Endako mine of approximately 10M-11M pounds of molybdenum and cash cost guidance of approximately $8.25-$9.25 per pound. The company said, "We continue to make significant progress and ramp up production, and we anticipate full production will be achieved in the second quarter of 2012. Once at full production, the Endako mine is expected to increase molybdenum production from approximately 10M pounds per year to approximately 16M pounds per year (100% basis)." :theflyonthewall.com |
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May 20, 2012
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| 09:40 EDT | | TC |
| theflyonthewall.com: | Thompson Creek reports a slough at its Thompson Creek Mine | | Thompson Creek Metals reported that on May 15, a wall slough occurred in the Phase 7 mining area of the Thompson Creek mine. The Company believes the slough resulted from water pressure behind the wall due to seasonal run-off. There were no injuries or equipment damage and management believes that the event will not have a material impact on the current mine plan. Management will continue to evaluate the potential impacts, if any, to the company's 2012 production and cost guidance for the mine. :theflyonthewall.com |
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