New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use