They just can't get out of their own way. Shares of Thompson Creek Metals (TC) struggled for two years, falling some 80 percent as the company simply could not manage to control costs at its Mt. Milligan mine. The mine, acquired through Thompson Creek's acquisition of Terrane Metals in 2010, had an original capital expenditure budget of C$915 million; that estimate has now ballooned to C$1.5 billion. That increase -- $568 million USD at current exchange rates -- was a substantial hit to a company whose market capitalization sits at $554 million as of this writing.
Now, the Mt. Milligan project -- which will diversify the company from its legacy molybdenum mining operations into gold and copper...
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