Thompson Creek’s Q1 Moly Production Totals 7.9 Million Pounds

Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) announced Q1 2014 production results for its three operating mines, commenting that together they put out 7.9 million pounds of molybdenum, up from 7.2 million pounds in the year-ago quarter.

Moly sales amounted to 8.6 million pounds.

As quoted in the press release:

Thompson Creek Mine

At Thompson Creek Mine, molybdenum production for the first quarter of 2014 was better than expected primarily due to higher ore grades and mill recoveries. Typical spring runoff water conditions in late March, which are expected to continue during the second quarter, have impacted mining at the bottom of the pit, where ore grades are higher. Continued efforts to trench water away from the active dig faces have allowed mining at the bottom of the pit to continue, and stockpiled ore has been used to supplement feed to the mill.

Endako Mine

At Endako Mine, molybdenum production for the first quarter of 2014 was lower than expected. Although the mill is optimized to achieve design mill recoveries and better than designed mill throughputs, operational challenges in maintaining a consistent feed from the mine to the mill, tailings operational issues, and lower than expected ore grades during the first quarter adversely impacted production results.

Click here to read the full Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) press release.

Click here to read an April 10 correction to the release.