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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:39 EDTTCThompson Creek approval of deposition of tailings at Milligan project completed
Thompson Creek announced that, on January 14, the company received notification from the Department of Fisheries and Oceans approving its fish habitat compensation plan, as required by Environment Canada's Metal Mining Effluent Regulations. This approval was the final step to authorize deposition of tailings material into the zero discharge tailings storage facility at the Company's Mt. Milligan project and the final authorization required to operate the Mt. Milligan copper-gold mine. The Mt. Milligan project remains on schedule with commissioning and start-up expected in Q3, and commercial production of copper and gold expected in Q4. The mine has an estimated life-of-mine of approximately 22 years.
News For TC From The Last 14 Days
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July 23, 2015
17:10 EDTTCRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.

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