Endako hits Thompson Creek earnings

Feb 25, 2013 | 03:39 PM | Daniel Fitzgerald

Tags  Thompson Creek Metals, Endako, molybdenum production, Kevin Loughrey, 2012 earnings, Mt. Milligan, molybdenum, Daniel Fitzgerald

NEW YORK — Thompson Creek Metals Co. Inc. has posted a 2012 net loss of $546.3 million, in contrast to net income of $292.1 million the previous year, with the company’s results "dominated" by a $530.5-million asset write-down associated with difficulties at its Endako molybdenum mine.

The Denver-based company recorded consolidated revenues of $99.4 million for the three months ended Dec. 31, down 14.8 percent from $116.7 million in the year-ago period. The quarter also saw a net loss of $484.4 million in contrast to net income of $800,000 a year earlier.....

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