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January 29, 2014
07:38 EDTTCThompson Creek announces second ocean shipment of concentrate from Mt. Milligan
Thompson Creek Metals announced that it has loaded its second ocean shipment of concentrate from its new Mt. Milligan Mine. Based on preliminary weights and assays upon ship loading, this shipment consisted of 10,066 dry metric tonnes of concentrate and contained approximately 5.5M pounds of payable copper, 10,475 troy ounces of payable gold, and 19,223 troy ounces of payable silver. Average grades, based on preliminary assays, were 26% copper, 33 grams per tonne of gold and 66 grams per tonne of silver. The concentrate was loaded in Vancouver on January 23. The company expects to receive a provisional payment for 90% of the value of the concentrate in February.
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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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