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Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:15 EDTTCThompson Creek reports Q4, FY13 production, sales results, provides update
Thompson Creek Metals announced production and sales results for the three and twelve months ended December 31, 2013, for its three operating mines, Thompson Creek, Endako and Mt. Milligan. Concentrate production for Mt. Milligan from start-up through December 31, 2013 contained 10.9M pounds of copper, 21.1 thousand troy ounces of gold and 41.8 thousand troy ounces of silver. Molybdenum production for the twelve month period ended December 31, 2013 was up 34% from the same period last year to 30M pounds. Sales for the one shipment of concentrate included 2.8M pounds of copper, 5.5 thousand ounces of gold, and 10.5 thousand ounces of silver. The company also sold 36.5M pounds of molybdenum for the year, a 27% increase from the prior year. The ramp-up at Mt. Milligan continues to progress with mine pit grades as expected, metal recoveries in the mill above expectations and mill throughput slightly below expectations at this stage in the ramp-up. The company is working through what it believes to be typical ramp-up issues. As part of this process, the company has reassigned several senior managers from its molybdenum operations to Mt. Milligan. Management believes it will reach commercial production within 1Q14, defined as operating the mill at 60% of design capacity for 30 days.
News For TC From The Last 14 Days
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December 16, 2014
05:54 EDTTCStocks with implied volatility movement; TC WFC
Stocks with implied volatility movement; Thompson Creek (TC) 114, Wells Fargo (WFC) 23 according to iVolatility.
December 11, 2014
10:13 EDTTCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
06:28 EDTTCThompson Creek downgraded to Hold from Buy at Deutsche Bank
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December 10, 2014
15:05 EDTTCThompson Creek to place Endako molybdenum mine on temporary suspension
Thompson Creek Metals announced that it and its joint venture partner, Sojitz Moly Resources, have agreed to place the Endako molybdenum mine on temporary suspension effective December 31, due to continued weakness in the molybdenum market. Thompson Creek holds a 75% interest in the Endako Mine, and Sojitz holds the remaining 25% interest. Approximately 50% of salaried employees at the Endako Mine will be terminated, resulting in estimated severance costs of approximately C$1.7M. Hourly employees at the Mine were notified today that their employment will be temporarily suspended in sixty days, and will remain so suspended while the Mine is on temporary suspension.
December 8, 2014
19:03 EDTTCThompson Creek COO Scott Shellhaas to leave company
Thompson Creek Metals Company announced that Scott Shellhaas, the company's president and COO, is leaving the company effective December 12. Thompson Creek's board has appointed Jacques Perron as president effective immediately in addition to his continued role as CEO and director. As the company prepares to place the Thompson Creek molybdenum mine into care and maintenance at year-end, it has streamlined the management of its operations and eliminated the position of COO.

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