Thompson Creek profits hit by moly prices

May 09, 2013 | 05:54 PM | Daniel Fitzgerald

Tags  Thompson Creek Metals, quarterly earnings, molybdenum prices, Endako Mine, molybdenum production, Kevin Loughrey, Mount Milligan project, molybdenum Daniel Fitzgerald

NEW YORK — Thompson Creek Metals Co. Inc. posted a marginal first-quarter profit and year-on-year decrease in revenue due to lower molybdenum sales prices.

The Denver-based company’s net income for the three months ended March 31 totaled $900,000, down 18.2 percent from $1.1 million a year earlier, on revenue that fell 4.3 percent to $108.7 million from $113.6 million.....

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