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Looks like another insider transaction happened yesterday.
http://canadianinsider.com/node/7?menu_tickersearch=Thompson+Creek+Metals+Company+Inc.+%7C+TCM
I'm definitely thinking of picking up some shares once closing out one of my holdings in the next bit, but can't seem to bring myself to catch a falling knife. Anyone have an idea of why the price has been dropping with what seem to me like solid fundamentals?
Bought back my position in TC that I had earlier on in the year.
Anyone have any thoughts on what you think the new mine can do for the ROI next year?
$TC - Thompson Creek Metals Company Loads First Ocean Shipment of Concentrate
http://finance.yahoo.com/news/thompson-creek-metals-company-loads-120000161.html
DENVER, CO--(Marketwired - Nov 21, 2013) - Thompson Creek Metals Company Inc. ("Thompson Creek" or the "Company") (NYSE: TC) (TSX: TCM) announced today that it has loaded its first ocean shipment of concentrate from its new Mt. Milligan Mine. Based on preliminary weights and assays upon ship loading, this first shipment consisted of 5,530 wet metric tonnes of concentrate containing approximately 2.8 million pounds of copper, 5,540 ounces of gold, and 10,500 ounces of silver. The concentrate was loaded in Vancouver on November 16, 2013. The Company expects to receive a provisional payment for 90% of the value of the concentrate in early December.
Jacques Perron, Chief Executive Officer of Thompson Creek, said, "We are pleased to have loaded our first shipment of concentrate just twelve weeks following the start-up of the Mt. Milligan Mine. This concentrate shipment represents a tremendous milestone for our Company and our employees. Looking forward, we expect Mt. Milligan to create substantial value for our Company and our shareholders."
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The Company's principal operating properties are its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 100%-owned Mt. Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia, a 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and the Langeloth Metallurgical Facility in Pennsylvania. The Company's development projects include the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia and the Maze Lake property, a gold exploration project located in the Kivalliq District of Nunavut, Canada. The Company's principal executive office is located in Denver, Colorado. More information is available at www.thompsoncreekmetals.com.
Call transcript - Quarter 3 conf call
http://www.earningsimpact.com/Transcript/84420/TC/Thompson-Creek-Metals-Company-Inc----Q3-2013-Earnings-Call
Nice news - Thompson Creek Metals Company Reports Third Quarter 2013 Financial Results
http://www.marketwired.com/press-release/thompson-creek-metals-company-reports-third-quarter-2013-financial-results-nyse-tc-1851439.htm
...
Operational:
Mt. Milligan commenced the start-up phase in September with initial production of 1,801 tons of copper-gold-silver concentrate.
Molybdenum production from the mines increased 39% to 8.5 million pounds, compared to 6.1 million pounds.
Average cash costs of molybdenum produced decreased 37% to $5.93 per pound, compared to $9.46 per pound.
Total sales of molybdenum increased 47% to 8.3 million pounds, compared to 5.6 million pounds.
Financial:
Operating income was $4.5 million, compared to an operating loss of $37.2 million.
Consolidated revenue increased 21% to $90.8 million, compared to $74.9 million.
Cash flow from operations was $19.5 million, compared to $3.3 million.
Net income totaled $13.8 million, or $0.06 per diluted share, compared to a net loss of $48.2 million, or $0.29 per diluted share.
Non-GAAP adjusted net loss was $7.6 million, or $0.04 per diluted share, compared to a non-GAAP adjusted net loss of $18.4 million, or $0.12 per diluted share.
...
Supercapacitors.....
From the NIOBF board:
http://www.kcet.org/news/rewire/science/new-supercapacitor-breakthrough-from-ucla.html
$TC - Thompson Creek Metals Company Celebrates The Opening Of Mt. Milligan With Dedication Ceremony
http://www.thompsoncreekmetals.com/s/News_Releases.asp?ReportID=606962
Denver, Colorado -- Thompson Creek Metals Company Inc. ("Thompson Creek" or the "Company") announced today that the Mt. Milligan Dedication Ceremony will be held on Tuesday, October 8, 2013, at the mine site. The Company expects people from around North America to attend the event, which will include a dedication ceremony, lunch reception and site tours. Dignitaries expected to attend the event include the Honorable Bill Bennett, British Columbia Minister of Energy & Mines, the Honorable Shirley Bond, Minister of Jobs, Tourism and Skills Training, and Mike Morris, Member of the Legislative Assembly for Prince George.
Kevin Loughrey, Chairman and Chief Executive Officer of Thompson Creek, said, "This is a momentous occasion for our Company, employees, and stakeholders throughout the communities of the region. All of our employees are committed to operate the mine safely and in a responsible manner, so that Mt. Milligan is a valuable asset not only to our Company, but also to all of British Columbia. We are pleased to have contributed to the creation of more than 400 permanent jobs at Mt. Milligan and remain committed to foster future prosperity in the region. We thank our employees, contractors, regional First Nations, and the many people of the Province who contributed to our success."
The Company previously announced that the phased start-up of the operation commenced on August 15, 2013, followed by the production of copper and gold concentrate beginning in September 2013. Concentrate movement from site to the Company's Mackenzie load out facility commenced on September 24, 2013. Concentrate will continue to be accumulated and stored at site and the load out facility until transported for off-site smelting and refining. The first rail movement from Mackenzie to Vancouver is expected to occur in October, followed by the first ocean shipment to a smelter later in the quarter.
Through September 30, 2013, the mill has produced approximately 1,600 tonnes of saleable concentrate having a specification of approximately 24% copper and 31 grams of gold per tonne. The average throughput rate has been 1,500 to 2,000 tonnes per hour. Start-up of the second ball mill, along with its primary related flotation circuit, and the pebble crusher is expected to occur this month. The full production design throughput rate for the mill is 60,000 tonnes per day.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The Company's principal operating properties are its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 100%-owned Mt. Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia, a 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and the Langeloth Metallurgical Facility in Pennsylvania. The Company's development projects include the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia and the Maze Lake property, a gold exploration project located in the Kivalliq District of Nunavut, Canada. The Company's principal executive office is located in Denver, Colorado. More information is available at www.thompsoncreekmetals.com.
I am soo loaded under $3
NEWS - TC Processes First Feed at Mt. Milligan Copper and Gold Mine
http://www.marketwire.com/press-release/thompson-creek-metals-company-processes-first-feed-mt-milligan-copper-gold-mine-nyse-tc-1821875.htm
DENVER, CO--(Marketwired - Aug 16, 2013) - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the "Company") announced today that on August 15, 2013, the phased start-up at Mt. Milligan commenced with the first feed to the concentrator. Routine testing and commissioning of all equipment and process circuits will continue through the start-up period, with concentrate production expected within the next several weeks. The Company expects to reach commercial production in the fourth quarter of this year.
Kevin Loughrey, Chairman and Chief Executive Officer of Thompson Creek, said, "We are pleased to report that we have processed the first feed material through the concentrator as scheduled and that everything went as planned. All of us at Thompson Creek are proud of this achievement and look forward to the initial production of copper and gold concentrate at Mt. Milligan in the third quarter."
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The Company's principal operating properties are its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, a 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and the Langeloth Metallurgical Facility in Pennsylvania. The Company is also in the process of constructing the Mt. Milligan Mine in British Columbia. Mt. Milligan is designed to be a conventional truck-shovel open-pit copper-gold mine. Mt. Milligan is expected to commence production in 2013. The Company's development projects include the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia, the Davidson property, an underground molybdenum exploration property located in British Columbia, and the Maze Lake property, a joint venture gold exploration project located in the Kivalliq District of Nunavut, Canada. The Company's principal executive office is located in Denver, Colorado. More information is available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities legislation. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "future," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions.
Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements include statements as to the projected development of Mt. Milligan, including expected production commencement dates and the other risks described in the section entitled "Risk Factors" in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors, currently unknown to us or deemed immaterial at the present time, that could cause results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, the reader is cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact Information
For more information, please contact:
Pamela Solly
Director, Investor Relations and
Corporate Responsibility
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
Barbara Komorowski
Renmark Financial Communications Inc.
Tel: (514) 939-3989
TC is looking great at this point, SA PRO article predicted triple digit gains. In this case I'm a true long.
great report and update. Glad to see the MM on schedule and up in a few days.
Looking forward to tomorrow.
$TC - Thompson Creek Metals Company Provides Mt. Milligan Update and Reports Solid Second Quarter 2013 Financial Results
http://finance.yahoo.com/news/thompson-creek-metals-company-provides-210000099.html
... "DENVER, CO--(Marketwired - Aug 7, 2013) - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (the "Company" or "Thompson Creek"), a growing, diversified North American mining company, today provided a commissioning update for its Mt. Milligan project and announced financial results for the three and six months ended June 30, 2013, prepared in accordance with United States generally accepted accounting principles ("US GAAP"). All dollar amounts are in United States ("US") dollars unless otherwise indicated. References to C$ refer to Canadian dollars.
Mt. Milligan
Commissioning of all major equipment in the mill is underway and progressing on schedule. The primary crusher and conveyor have been commissioned, the coarse ore stockpile has been bedded, and the mine is positioned to deliver ore to the crusher. A phased start-up of the concentrator is expected to commence early this month, with the first ore feed expected to occur by mid-August and concentrate production expected to commence shortly thereafter. All of the concentrator grinding and flotation circuits are expected to be operational in September.
Kevin Loughrey, the Company's Chairman and Chief Executive Officer, said, "We are extremely pleased to report that the commissioning of the new mill is progressing and that start-up is expected within the next several days. Our employees and contractors have been working diligently to keep the project on schedule for a start-up this month and we are only days away from achieving this major milestone. Once start-up has commenced, we expect commercial production to begin in the fourth quarter of this year, followed by a twelve-month ramp up period to full design production and recovery."
Second Quarter 2013 Highlights (compared to the same period in 2012, unless noted)
Operational:
Molybdenum production from the mines increased 58% to 6.5 million pounds, compared to 4.1 million pounds.
Average cash costs of molybdenum produced decreased 49% to $7.46 per pound, compared to $14.57 per pound.
Total sales of molybdenum increased 29% to 9.7 million pounds, compared to 7.5 million pounds.
Financial:
Operating income was $17.2 million, compared to an operating loss of $18.4 million.
Consolidated revenue was $117.8 million, compared to $113.5 million.
Cash flow from operations was $45.2 million, compared to operating cash used of $20.4 million.
Net loss totaled $19.2 million, or $0.11 per diluted share, compared to a net loss of $14.8 million, or $0.09 per diluted share. Net loss for the second quarter of 2013 included $34.8 million non-cash foreign exchange losses on intercompany notes and an income and mining tax expense of $2.0 million, partially offset by operating income of $17.2 million. Net loss for the second quarter of 2012 included a non-cash foreign exchange loss of $7.9 million and an operating loss of $18.4 million, partially offset by an income and mining tax benefit of $10.8 million.
Non-GAAP adjusted net income was $13.8 million, or $0.08 per diluted share (excluding the non-cash impact of foreign exchange losses, net of tax benefits, primarily related to intercompany notes), compared to a non-GAAP adjusted net loss of $10.6 million, or $0.06 per diluted share (excluding the non-cash impact of foreign exchange losses, net of tax benefits, primarily related to intercompany notes).
"We are pleased to have ended the quarter with continued improvement in operational performance at both the Thompson Creek and Endako Mines, which resulted in increased production and sales, and significantly lower cash costs, compared to the second quarter of 2012," said Mr. Loughrey. "During these volatile times in the commodities markets, we continue to look for ways to reduce costs and improve efficiencies."
At the Thompson Creek Mine, molybdenum production for the second quarter of 2013 increased 74% to 4.4 million pounds at a cash cost of $5.33 per pound produced, compared to 2.5 million pounds at a cash cost of $13.46 per pound produced for the second quarter of 2012. Production for the second quarter of 2013 was favorably impacted by higher grade ore, which resulted in higher recovery and production, and cash costs for the second quarter of 2013 were favorably impacted by the absence of stripping costs related to the next phase of mining. Lower-of-cost-or-market product inventory write downs at the Thompson Creek Mine were nil and $6.6 million during the second quarter of 2013 and 2012, respectively.
At the Endako Mine, in which the Company has a 75% ownership interest, the Company's share of molybdenum production for the second quarter of 2013 increased 34% to 2.1 million pounds at a cash cost of $11.93 per pound produced, compared to 1.6 million pounds at a cash cost of $16.37 per pound produced for the second quarter of 2012. These improvements were primarily the result of the higher ore grades from the mined stockpile material and higher recoveries. Based on its 75% ownership interest, the Company recognized lower-of-cost-or-market product inventory write downs at the Endako Mine of $8.3 million and $10.0 million during the second quarter of 2013 and 2012, respectively.
During the third quarter of 2012, in an effort to reduce costs at the Endako Mine, the Company ceased mining ore from the Denak West pit and has been processing stockpiled material. Approximately one-third of the existing stockpiled material has been milled through mid-2013. The Company resumed mining ore in the Endako pit in May 2013 and in the Denak West pit in June 2013, and is now processing two-thirds of material from fresh ore and one-third from stockpiled material. In part as a result of mining fresh ore, for the month of July throughput averaged 51,000 tons per day and recoveries averaged 75%. Management expects to continue optimizing production at Endako and may undertake additional cost savings and other measures at Endako in response to molybdenum market conditions.
The Company's sales of molybdenum for the second quarter of 2013 increased 29% to 9.7 million pounds, at an average realized sales price of $11.60 per pound, compared to 7.5 million pounds, at an average realized sales price of $14.55 per pound, for the second quarter of 2012." ...
Well yesterday did go exactly to plan but that's Wall Street. We've seen this happen over and over this year so it's nothing new and nothing to get excited about. Let's see what happens with metals today and adjust fire from there. Good Luck Today.
TC put in a honest effort today and closed over the 50 day. Bullish sign for sure. Gold headed higher after some early weakness and TC followed right behind. I'll post a new chart in the morning. So far so good.
Thanks for the analysis.
Very good start today, 3.15 currently!
Gold futures are down this morning so we'll see if it stays that way. Gold did have a good day yesterday, is at the 50dma providing for some resistance, and the dollar is up. Put together that's not good for gold at the moment. No matter, I'm going to continue with the plan and accumulate up to the opening of Mount Milligan.
Yeah, good day yesterday but we need to get this bad boy above 3.10 and we should see some real action. I'll post the chart and some comments before the open.
I'm with you on this, holding until at least the first week in AUG and than will make a decision after the earnings call on 8 Aug.
Unless gold sinks a lot further this looks like the turning point. On watch list.
We need a mulligan for Mt. Milligan!
I believe that we will see some nice movement next week
If anyone is going to stake a position, now, (sub $3) is the time to do it.
Mt Milligan mine opening is imminent. Metals are in the dumps right now, but TC is a low cost producer and still makes money at these prices, and even lower.
This is not a Jr Goldminer. In 3-4 months this will be a state of the art copper and moly producer that mines a little gold as well.
We should get a pop when the mine is commissioned, but really, this should be looked at as a long term hold (48 months +/-) and as such we should hive a nice 4 or 5 bagger from these levels IF it's held with that term in mind...expect near term (24 month) volatility unless metal prices stabilize or go up. If they do, celebrate early.
I bet we knock on the 4s today - very strong day!
Buy the dips, then hold long.
I think Mt. Milligan will be a winner in the end!
Buy, Hold, or Sell?
Broke 3.20, another nice day here!
In @2.43. Looking for $2.53 exit.
World markets are up, so we should see some bounce at some point here.
$2.48...approaching $2.30
With mining stocks selling off and big market showing pullback,
I thin its inevitable that TC will hit $2.30 or lower soon.
Looks to be headed back to $2.30 to $2.40 range.
Nearly 3 straight months skid...
Even though yesterday's news was terrible, I think this is a great point of entry to enter in TC. But you must be patient and look long term, I am thinking at least 3 to 5 years!! With their new mine beginning operations in Q4 2013, that's going to opens doors and provide a solid income stream.
Thompson Creek Metals posts $484.4m Q4 loss
http://www.miningweekly.com/article/thompson-creek-metals-posts-4844m-q4-loss-2013-02-25
Thinking about opening a position here. So they are supposed to open a new mine and being mining for gold as well?
TC Bearish Engulfing pattern
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PROFILE:
Thompson Creek Metals Company Inc.
401 Bay Street
Suite 2010 PO Box 118
Toronto, ON M5H 2Y4
Canada - Map
Phone: 416-860-1438
Fax: 416-860-0813
Web Site: http://www.thompsoncreekmetals.com
Communism's True Believers Won't Give Up -
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http://www.plata.com.mx/plata/home.htm (in Spanish)
http://www.plata.com.mx/plata/plata/english.htm (in English)
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Ted Butler silver commentary archive:
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