Thompson Creek cuts moly production forecast

Dec 13, 2007 | 10:22 AM | Meghann McDonell

Thompson Creek Metals Co., Toronto, has revised its 2007 production forecast down by between 9 and 12 percent to account for a rockslide at its Endako Mine in British Columbia and lower ore grades at its Thompson Creek Mine in Idaho.

Full-year molybdenum production is now projected at 15.9 million pounds, down from its previously adjusted forecast of 17.5 million to 18 million pounds. The company expects fourth-quarter production to total 3 million pounds, down from a previous estimate of 4.5 million to 5 million pounds.....

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