SOURCE: Thompson Creek Metals Company

Thompson Creek Metals Company

October 07, 2013 07:00 ET

Thompson Creek Metals Company Celebrates the Opening of Mt. Milligan With Dedication Ceremony

DENVER, CO--(Marketwired - Oct 7, 2013) - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the "Company") announced today that the Mt. Milligan Dedication Ceremony will be held on Tuesday, October 8, 2013, at the mine site. The Company expects people from around North America to attend the event, which will include a dedication ceremony, lunch reception and site tours. Dignitaries expected to attend the event include the Honorable Bill Bennett, British Columbia Minister of Energy & Mines, the Honorable Shirley Bond, Minister of Jobs, Tourism and Skills Training, and Mike Morris, Member of the Legislative Assembly for Prince George.

Kevin Loughrey, Chairman and Chief Executive Officer of Thompson Creek, said, "This is a momentous occasion for our Company, employees, and stakeholders throughout the communities of the region. All of our employees are committed to operate the mine safely and in a responsible manner, so that Mt. Milligan is a valuable asset not only to our Company, but also to all of British Columbia. We are pleased to have contributed to the creation of more than 400 permanent jobs at Mt. Milligan and remain committed to foster future prosperity in the region. We thank our employees, contractors, regional First Nations, and the many people of the Province who contributed to our success."

The Company previously announced that the phased start-up of the operation commenced on August 15, 2013, followed by the production of copper and gold concentrate beginning in September 2013. Concentrate movement from site to the Company's Mackenzie load out facility commenced on September 24, 2013. Concentrate will continue to be accumulated and stored at site and the load out facility until transported for off-site smelting and refining. The first rail movement from Mackenzie to Vancouver is expected to occur in October, followed by the first ocean shipment to a smelter later in the quarter. 

Through September 30, 2013, the mill has produced approximately 1,600 tonnes of saleable concentrate having a specification of approximately 24% copper and 31 grams of gold per tonne. The average throughput rate has been 1,500 to 2,000 tonnes per hour. Start-up of the second ball mill, along with its primary related flotation circuit, and the pebble crusher is expected to occur this month. The full production design throughput rate for the mill is 60,000 tonnes per day.

About Thompson Creek Metals Company Inc.

Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The Company's principal operating properties are its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 100%-owned Mt. Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia, a 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and the Langeloth Metallurgical Facility in Pennsylvania. The Company's development projects include the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia and the Maze Lake property, a gold exploration project located in the Kivalliq District of Nunavut, Canada. The Company's principal executive office is located in Denver, Colorado. More information is available at www.thompsoncreekmetals.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities legislation. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "future," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements include statements as to the projected development of Mt. Milligan, including expected production, transportation and sale commencement dates and the other risks described in the section entitled "Risk Factors" in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors, currently unknown to us or deemed immaterial at the present time, that could cause results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, the reader is cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • For more information, please contact:

    Pamela Solly
    Director, Investor Relations and Corporate Responsibility
    Thompson Creek Metals Company Inc.
    Tel: (303) 762-3526
    Email Contact

    Barbara Komorowski
    Renmark Financial Communications Inc.
    Tel: (514) 939-3989
    Email Contact