It's nice but it's not clear that it really matters in the long run. Shares of Thompson Creek Metals (TC) are up 8 percent in after-hours trading after second quarter earnings and revenue came in ahead of analyst expectations.
To be sure, the news is welcome to TC shareholders, who have seen the stock fall from $15 per share levels seen in early 2011, and more recently endured a 25 percent haircut from the stock's highs after a first quarter beat back in May.
The May gains were, as I argued then, likely driven by the fact that the company's Mt. Milligan gold-copper project was finally on schedule, with no more cost overruns projected. Mt. Milligan's capex budget...
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