TSX: TCM, TCM.WT
TORONTO, July 29 /CNW/ - Thompson Creek Metals Company Inc. ("the
Company"), one of the world's largest publicly traded, pure molybdenum
producers, today announced that Pamela L. Saxton will join the organization as
Consulting Financial Executive effective August 4, 2008 and will become Chief
Financial Officer and Vice President, Finance later this year in conjunction
with the move of the Company's 10-person finance department from Vancouver,
British Columbia to the Company's principal executive office in Denver,
The current finance employees, including Derek Price, the Company's Vice
President, Finance and Chief Financial Officer, have chosen not to relocate to
Denver and have agreed to remain with the Company and work closely with Ms.
Saxton through the transition.
Kevin Loughrey, Chairman and Chief Executive Officer, stated: "The
Company's existing finance function was built by Derek Price when Thompson
Creek and Blue Pearl Mining Ltd. merged in October 2006. Derek Price and his
entire finance team have done exceptional work for Thompson Creek during our
formative stage as a public company. I would like to express my appreciation
to each of them for their dedicated efforts and for their assistance in this
"We are very pleased to welcome Ms. Saxton to our management team and
look forward to working with her. She brings to Thompson Creek significant
financial management experience and an effective style of management that
should ensure strong financial reporting throughout our operations," Mr.
Ms. Saxton joins Thompson Creek with over 30 years of domestic and
international finance and accounting experience within and outside the mining
industry. She was previously Vice President, Finance - U.S. Operations for
Franco-Nevada U.S. Corporation, located in Highlands Ranch, Colorado.
Prior to joining Franco-Nevada in 2007, Ms. Saxton was the Vice President
and Chief Financial Officer of Colorado-based NewWest Gold Corporation. From
2004 to 2006, she was with First Data Corporation as Vice President and
Controller - Payments Division in Englewood, Colorado. Ms. Saxton also served
as Vice President Finance, Corporate Controller and Chief Accounting Officer
of J.D. Edwards & Company in Denver from 1994 to 2003. Prior to that, she was
Vice President and Controller of Amax Gold, Inc. and Assistant Controller of
Cyprus Amax Minerals Company from 1987 to 1994.
Ms. Saxton holds a Bachelor of Science in Accounting from the University
of Colorado in Boulder. She is a member and past Chair of the Board for the
Colorado Association of Commerce and Industry and a member of the Board of
Advisors to the Business School at the University of Colorado at Denver.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is one of the largest publicly traded,
pure molybdenum producers in the world. The Company owns the Thompson Creek
open-pit molybdenum mine and mill in Idaho, a metallurgical roasting facility
in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill
and roasting facility in northern British Columbia. Thompson Creek is also
developing the Davidson Deposit, a high-grade underground molybdenum project
near Smithers, B.C. The Company has approximately 800 employees. Its principal
executive office is in Denver, Colorado, and it has other executive offices in
Toronto, Ontario and Vancouver, British Columbia. More information is
available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation which may include, but is not
limited to, statements with respect to the timing and amount of estimated
future production. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Thompson
Creek and/or its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's current annual
information form which is available on SEDAR at www.sedar.com and is
incorporated in its Annual Report on Form 40-F filed with the United States
Securities and Exchange Commission which is available at www.sec.gov. Although
Thompson Creek has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this
news release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable securities
laws. There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements.
Readers should refer to Thompson Creek's current annual information form
which is available on SEDAR at www.sedar.com and is incorporated in its Annual
Report on Form 40-F filed with the SEC which is available at www.sec.gov and
subsequent continuous disclosure documents available at www.sedar.com and
www.sec.gov for further information on mineral reserves and mineral resources,
which is subject to the qualifications and notes set forth therein.
For further information:
For further information: Wayne Cheveldayoff, Director of Investor
Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free:
1-800-827-0992, firstname.lastname@example.org; Dan Symons, Renmark Financial
Communications Inc., Tel.: (514) 939-3989, email@example.com