Thompson Creek raises funds for Mount Milligan

May 07, 2012 | 03:47 PM | Thorsten Schier

Tags  Thompson Creek, Mount Milligan, copper, gold, Kevin Loughrey, Dahlman Rose, Thorsten Schier

NEW YORK — Thompson Creek Metals Co. Inc. has issued debt and equity to cover a funding shortfall at its Mount Milligan copper-gold project in British Columbia.

"Escalating capital costs had caused a widening of the company’s funding gap for the project," New York-based equity research firm Dahlman Rose & Co. wrote in a note, adding that it expected the offering to raise about $400 million. ....

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