Mining Weekly reported that Thompson Creek Metals announced a net loss of $484.4-million or $2.87 per diluted share on a $530.5-million noncash pretax write down related to the Endako molybdenum mine in B.C.
Depressed prices have stalked the molybdenum market recently, but savvy moly investors could be poised to benefit as demand picks up.
Winnipeg Free Press reported that Thompson Creek Metals (TSX:TCM) is experiencing problems at both its Endako and Thompson Creek mine properties.
Winnipeg Free Press reported that Thompson Creek Metals' (TSX:TCM) first quarter profits fell due to slower sales.
Winnipeg Free Press reported that Thompson Creek Metals (NYSE:TC) profited in fourth quarter even though revenues were lower.
Platts reported that Thompson Creek (NYSE:TC) is now producing moly at its British Columbia-based Endako mine.
Reuters reported that Thompson Creek Metals (NYSE:TC) expects production costs to increase in 2012 and output to drop.
Financial Post reported that Thompson Creek Metals (NYSE:TC) is looking for additional funding for two British Columbia-based projects.
Winnipeg Free Press reported that profits for Thompson Creek (TSE:TCM) were down despite higher revenues for the company in Q2 2011.
The Continental Divide region is arguably the world’s most important moly producing deposits. At full production, these deposits could have a serious impact on world molybdenum supply.
Get our independent commentary on moly trends and companies delivered to your inbox.
