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Thompson Creek +18% as Mount Milligan results post sharp rise in May

Jun. 02, 2015 10:34 AM ETThompson Creek Metals Company Inc. (TCPTF) StockBy: Carl Surran, SA News Editor
  • Thompson Creek Metals (TC +18%) surges after announcing that modifications made to mill operations at its Mount Milligan mine in British Columbia have resulted in improved throughput.
  • TC says says daily mill throughput during May averaged ~50.6K metric tons and tonnage per operating hour averaged 2,198, vs. ~39.5K metric tons and 1,889 tons/hour for Q1; mill availability in May was 96%, compared to 87% in Q1.
  • TC also says it will place its Endako molybdenum mine on care and maintenance effective July 1 due to continued weakness in the molybdenum market.
  • Separately, Scotiabank raised its rating on TC to Sector Perform from Underperform.

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