Thompson Creek moly output falls sharply
Apr 20, 2012 | 11:48 AM
| 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 companys previously anticipated average cash cost of $7.75 to $9 per pound for the full year.....
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