Thompson Creek reports significantly improved financial results for second quarter 2010

Molybdenum Investing

Thompson Creek Metals Company Inc. (TSE:TCM, NYSE:TC), one of the world’s largest publicly traded, pure molybdenum producers, announced financial results for the three and six months ended June 30, 2010 prepared in accordance with United States generally accepted accounting principles.

Thompson Creek Metals Company Inc. (TSX:TCM, NYSE:TC), one of the world’s largest publicly traded, pure molybdenum producers, announced financial results for the three and six months ended June 30, 2010 prepared in accordance with United States generally accepted accounting principles.

The press release is quoted as saying:

“Thompson Creek improved its financial performance in the second quarter of 2010 as a result of strengthening molybdenum prices. The Company’s average realized molybdenum sales price for the second quarter of 2010 increased by 16% from the first quarter of 2010 and nearly 80% from one year ago. The Company’s operations also performed well in the second quarter and remain on track to achieve previously announced production and cost guidance for the year,” said Kevin Loughrey, Chairman and Chief Executive Officer

Click here to access the entire press release

financial results molybdenum producers nysetc tsx:tcm Company News