Thompson Creek Metals (TC) Tops Q3 EPS by 8c, Offers Guidance

Thompson Creek Metals (NYSE: TC) reported Q3 EPS of CDN$0.17, CDN$0.08 better than the analyst estimate of CDN$0.09. Revenue for the quarter came in at CDN$229.3 million versus the consensus estimate of CDN$209.3 million.

The following table presents our current full year 2014 guidance.

                                                Year Ended      Year Ended

                                               December 31,    December 31,

                                                   2014            2014

                                               (Estimated)     (Estimated)

                                                (Updated)       (Previous)

                                             --------------- ---------------

Mt. Milligan Copper and Gold (1)

Concentrate production (000's dry tonnes)

 (2)                                               125 - 140       125 - 140

Copper payable production (000's lb)         65,000 - 75,000 65,000 - 75,000

Gold payable production (000's oz) (2)             185 - 195       165 - 175

Unit cash cost - By-product ($/payable lb

 copper produced): (2), (3)                    $1.00 - $1.50     1.55 - 1.70

Molybdenum

Production (000's lb): (5)

TC Mine (2)                                  15,000 - 17,000 14,000 - 16,000

Endako Mine (75% share) (2)                   9,000 - 10,000 10,000 - 12,000

Total molybdenum production (000's lb) (2)   24,000 - 27,000 24,000 - 28,000

Cash cost ($/lb produced):

TC Mine (2)                                    $4.50 - $5.25     4.75 - 5.75

Endako Mine (2)                              $10.50 - $12.00    9.00 - 10.50

Total molybdenum cash cost ($/lb produced)

 (2)                                           $6.75 - $7.75     6.50 - 7.75

Capital expenditures ($ in millions):

Mt. Milligan permanent operations residence

 (4)                                              25 +/- 10%      20 +/- 10%

Mt. Milligan operations (4)                       35 +/- 10%      30 +/- 10%

TC Mine, Endako Mine, Langeloth & other            5 +/- 10%      10 +/- 10%

                                             --------------- ---------------

Total capital expenditures                        65 +/- 10%      60 +/- 10%

                                             =============== ===============

For earnings history and earnings-related data on Thompson Creek Metals (TC) click here.

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