Thompson Creek moly output falls sharply

Apr 20, 2012 | 11:48 AM | Thorsten Schier

Tags  Thompson Creek, molybdenum, Endako, Kevin Loughrey, Sojitz, thorsten schier

NEW YORK — Thompson Creek Metals Co. Inc. produced 4.4 million pounds of molybdenum in the first quarter, a sharp decrease from 10.3 million pounds in the same period last year due largely due to the ramp-up of a new mill at its Endako Mine in British Columbia.

The lower production drove average cash costs up to $13 per pound in the quarter, substantially higher than the company’s previously anticipated average cash cost of $7.75 to $9 per pound for the full year.....

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