Higher prices, sales boost moly earnings in quarter

Aug 06, 2014 | 04:09 PM | Daniel Fitzgerald

Tags  Thompson Creek Metals, molybdenum, moly prices, mining, Jacques Perron, Mark A. Wilson, Daniel Fitzgerald

NEW YORK — Thompson Creek Metals Co. Inc.’s second-quarter molybdenum revenue received a boost from higher prices, with the company now considering a plan that would continue operations at its flagship mine beyond the end of the year.

Molybdenum sales in thethree months ended June 30 totaled $126.3 million, up 12.1 percent from $112.7 million in the same period last year, which the company attributed to the average realized sale price for molybdenum jumping 12.3 percent to $13.03 per pound from $11.60 a year earlier. ....

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