DENVER, Nov. 30, 2015 /CNW/ - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the "Company") today announced that from November 1 – 28, 2015, daily mill throughput at Mount Milligan Mine averaged 52,457 tonnes, with a high on November 25 of 61,579 tonnes. This represents a significant improvement compared to the average daily mill throughput of 44,077 tonnes during the third quarter of 2015. During the period November 24 – 28, average daily mill throughput was 59,066 tonnes. On November 25, 2015, the mine achieved production of 156,476 total tonnes moved, which represents a daily record since commencement of operations.
Jacques Perron, President and Chief Executive Officer of Thompson Creek, said, "Since the installation of the second SAG discharge screen deck in late October, we have experienced weekly improvements in mill throughput. We are very pleased with the progress to date and expect additional improvements through the remainder of the year as the SAG mill liners wear in and the mill operating conditions are optimized."
The Company also announced that Mr. Perron will be presenting at the following investor conferences:
- Goldman Sachs Global Metals & Mining Conference to be held in New York. Mr. Perron will present on Tuesday, December 1, at 2:30 pm EST.
- Scotiabank Mining Conference to be held in Toronto. Mr. Perron will co-host a panel discussion on December 2, beginning at 1:50 pm EST.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a North American mining company. The Company's principal operating property is its 100%-owned Mount Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia. The Company's molybdenum assets consist of its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and its Langeloth Metallurgical Facility in Pennsylvania. The Company's development project is the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia. 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
Certain statements in this news release, other than purely historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and applicable Canadian securities legislation and are intended to be covered by the safe harbor provided by these regulations. These forward-looking statements can, in some cases, be identified by the use of such terms as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Our forward-looking statements may include, without limitation, statements with respect to: future financial or operating performance of the Company or its subsidiaries and its projects; future earnings and operating results; statements as to the projected ramp-up at Mount Milligan Mine, including expected achievement of design capacities; and future operating plans and goals.
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 can be found in the section entitled "Risk Factors" in our 2014 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.
SOURCE Thompson Creek Metals Company Inc.
For further information: Pamela Solly, Director, Investor Relations and Corporate Responsibility, Thompson Creek Metals Company Inc., Tel: (303) 762-3526, [email protected]; Francois Perron, Renmark Financial Communications Inc., Tel: (416) 644-2020, [email protected]