Mining Weekly reported that Thompson Creek Metals closed financing worth $350-million, much of which is earmarked to support expansion at the Mt Milligan copper/gold mine.
As quoted in the market report:
The Mount Milligan project is expected to be complete by the third quarter of 2013, with production scheduled to start in the last quarter of that year. The copper/gold project’s costs spiralled about 50% from the initial cost estimate of C$915-million.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Today and Future Gold Price Predictions.