Thompson Creek Sees 2012 Moly Output Down, Costs Up

Reuters reported that Thompson Creek Metals (NYSE:TC) expects production costs to increase in 2012 and output to drop.

As quoted in the market news:

The metal miner expects to produce 16 million to 17 million lbs of the hardening and anti-corrosion metal at its Thompson Creek molybdenum mine in Idaho and 10 million to 11 million lbs at its Endako mine in British Columbia for a total of 26 million to 28 million lbs of contained molybdenum during 2012.

Click here to read the full Reuters report.