Thompson Creek Metals Company Inc.

Headquarters
401 Bay StreetP.O. Box 118
Suite 2010
Toronto, Ontario
M5H 2Y4 Canada
Telephone
(416) 860-1438Fax
(416) 860-0813Website
www.thompsoncreekmetals.comFor additional info., contact
Montréal
Telephone: (514) 939-3989Fax: (514) 939-3717
Toronto
Telephone: (416) 644-2020Fax: (416) 644-2021
Financial Information
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is one of the largest publicly traded, pure molybdenum producers in the world. The Company owns the Thompson Creek open-pit molybdenum mine and mill in Idaho, a metallurgical roasting facility in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill and roasting facility in northern British Columbia. Thompson Creek is evaluating the Mount Emmons Deposit, a high-grade underground molybdenum deposit near Crested Butte, Colorado. Thompson Creek has an option to acquire up to 75% of the property. The Company is continuing to pursue permitting of the Davidson Deposit, a high-grade underground molybdenum deposit near Smithers, B.C. The Company has approximately 750 employees. Its principal executive office is in Denver, Colorado, and it has another executive office in Toronto, Ontario.
Third Quarter 2009 Overview (all in U.S. dollars):
- Net income in the third quarter was $19.7 million or $0.16 per basic and $0.14 per diluted share, compared with a net loss in the second quarter of $0.4 million or $0.00 per basic and diluted common share. The improved financial results were due to both higher realized prices and an increase in sales of molybdenum from the Company’s mines to 7.4 million pounds in the third quarter from 6.5 million in the second quarter..
- Molybdenum production was 6.2 million pounds in the third quarter of 2009, down from 6.7 million pounds in the second quarter. The reduction was due to a planned two-week shutdown of both mines during the third quarter.
- Weighted-average cash cost per pound produced rose to $5.67 per pound in the third quarter from $5.21 per pound in the second quarter.
- 2009 guidance for molybdenum production has been revised to 24 to 26 million pounds (versus previous guidance of 22 to 26 million pounds). Sales of molybdenum produced at the Company’s mines this year are expected to be 26 to 27 million pounds (up from previous guidance of 22 to 26 million pounds). The guidance range for cash cost per pound produced has been narrowed to $5.80 to $6.30 per pound (from previous guidance of $5.75 to $7.00 per pound).
- For 2010, the Company expects molybdenum production will be 29 to 32 million pounds and cash cost per pound produced is estimated at $6 to $7 per pound. Sales of molybdenum produced at the Company’s mines are expected to be 27 to 30 million pounds.
- Total cash, cash equivalents and short-term investments at September 30, 2009 were $478.2 million, including $194.6 million in net proceeds from an equity issue completed in the third quarter. Total debt at quarter-end was $14.3 million.
- Average realized price on molybdenum and upgraded product sales was $12.75 per pound in the third quarter, up from $9.41 per pound in the second quarter and $10.14 per pound in the first quarter of 2009.
- Total capital expenditures were $47.5 million in the first nine months of 2009 and guidance for the full year has been revised to $61 million (from previous guidance of $80 million).
Management
Kevin Loughrey
Chairman of the Board of Directors & Chief Executive Officer
Ian J. McDonald
Vice-Chairman of the Board of Directors
Pamela L. Saxton
Chief Financial Officer & Vice-President, Finance
S. Scott Shellhaas
Vice-President & Chief Operating Officer
Mark A. Wilson
Vice-President, Sales & Marketing
Dale Huffman
Vice-President, General Counsel & Secretary
Kenneth W. Collison
Operations Consultant
Wayne Cheveldayoff
Director of Investor Relations
Board of Directors
Kevin Loughrey
Chairman of the Board of Directors
Ian J. McDonald
Vice-Chairman of the Board of Directors
Timothy J. Haddon
Lead Director
Denis C. Arsenault
Director
Kerry J. Knoll
Director
James P. Geyer
Director
Thomas J. O'Neil
Director
James L. Freer
Director
Upcoming Events
- April 27, 2010 - 12:00 pm US/EasternBostonCorporate Presentation
Latest Press Releases
-
February 25, 2010
Thompson Creek Announces 2009 Financial Results -
February 5, 2010
Thompson Creek announces increased financial flexibility from voluntary termination of $35 million revolving credit facility -
January 25, 2010
Thompson Creek confirms move to U.S. generally accepted accounting principles and discloses significant impact -
December 7, 2009
Thompson Creek announces 2010 capital expenditure plans and revision of the Endako Mine expansion project -
November 5, 2009
Thompson Creek announces third-quarter 2009 financial results and production and cost guidance for 2010
Financials
-
November 5, 2009
Third Quarter 2009 -
August 6, 2009
Second Quarter 2009 -
May 7, 2009
First Quarter 2009 -
April 16, 2009
2008 Annual Report


