Thompson Creek Metals (TC -5.2%) says it is suspending stripping activity associated with the...

Thompson Creek Metals (TC -5.2%) says it is suspending stripping activity associated with the next phase of production at the Thompson Creek Mine; TC expects to save ~$100M in operating costs and $8M-$9M in capital expenditures, as well as reduce the mine workforce by ~100 workers.

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Comments (4)
  • benjamin_glutton
    , contributor
    Comments (3) | Send Message
    So they will be selling Moly from their stockpile? How will they get production back when prices resume? WTH is going on?
    3 Oct 2012, 10:19 AM Reply Like
  • thannagan
    , contributor
    Comments (315) | Send Message
    MAy know more on Thursday call (see article).
    3 Oct 2012, 10:41 AM Reply Like
  • Pudentane
    , contributor
    Comments (132) | Send Message
    Obivously, they have been setting this up for a while; they don't just stop blasting and shut down the dozers, shovels and haulers on a whim. Their mining plan is intact and when the market improves they will start up where they left off. Only minimal maintenance ops like running pumps and fleet servicing will be required at the mine while they're destocking. Good move.
    3 Oct 2012, 11:37 AM Reply Like
  • doozy37
    , contributor
    Comment (1) | Send Message
    Bought a profitable mine from Mr. Mooney, now we need Mooney back.
    7 Oct 2012, 01:46 AM Reply Like
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