Thompson Creek Metals Reports Higher Copper, Gold Production

Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) announced its production and sales results for first and second quarters of 2015.
As quoted in the press release:

Total concentrate production for Mount Milligan for the quarter ended June 30, 2015 was 39.6 thousand dry tonnes, with 20.2 million pounds of payable copper and 59.9 thousand ounces of payable gold, which represented increases of approximately 26% and 62%, respectively, from payable copper and gold production during the second quarter of 2014. Total concentrate production for Mount Milligan for the six months ended June 30, 2015 was 69.9 thousand dry tonnes, with 35.6 million pounds of payable copper and 106.0 thousand ounces of payable gold, which represented increases of approximately 17% and 39%, respectively, from payable copper and gold production during the first six months of 2014.

Jacques Perron, president and CEO of Thompson Creek, commented:

During the second quarter of 2015, we achieved our highest average daily mill throughput on a quarterly basis of 44,940 tonnes, and for May and June averaged 49,913 tonnes. Recoveries steadily improved during the quarter, averaging 85.5% for copper and 72.7% for gold. Additional operational improvements at Mount Milligan are expected to be made during scheduled maintenance shutdowns later this year, which will impact mill availability. We are confident that we will continue to experience improving performance at the operation through the remainder of the year.

The company also announced on July 7 that the New York Stock Exchange (NYSE) has notified it that its share price has fallen below the continued listing standard for the exchange. Thompson Creek intends to respond to the NYSE within 10 business days.
Click here to read the full Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) press release.