Thompson Creek Metals (TC) Announces Commercial Production at New Endako Mill; Reaffirms 2012 Production Guidance
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Thompson Creek Metals (NYSE: TC) announced that the commissioning of the Company's new Endako mill is complete and that commercial production was achieved on February 1, 2012.
For the first five days of February, the new mill was running at or above its design capacity of 55,000 tons per day, a 77% increase over the old mill's capacity of 31,000 tons per day.
The Company also reaffirmed 2012 production guidance for its 75% share of the Endako mine of approximately 10 - 11 million pounds of molybdenum and cash cost guidance of approximately $8.25 - $9.25 per pound.
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For the first five days of February, the new mill was running at or above its design capacity of 55,000 tons per day, a 77% increase over the old mill's capacity of 31,000 tons per day.
The Company also reaffirmed 2012 production guidance for its 75% share of the Endako mine of approximately 10 - 11 million pounds of molybdenum and cash cost guidance of approximately $8.25 - $9.25 per pound.
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