Thompson Creek Metals Company Processes First Feed at Mt. Milligan Copper and
DENVER, CO -- (Marketwired) -- 08/16/13 -- Thompson Creek Metals
Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the
"Company") announced today that on August 15, 2013, the phased
start-up at Mt. Milligan commenced with the first feed to the
concentrator. Routine testing and commissioning of all equipment and
process circuits will continue through the start-up period, with
concentrate production expected within the next several weeks. The
Company expects to reach commercial production in the fourth quarter
of this year.
Kevin Loughrey, Chairman and Chief Executive Officer of Thompson
Creek, said, "We are pleased to report that we have processed the
first feed material through the concentrator as scheduled and that
everything went as planned. All of us at Thompson Creek are proud of
this achievement and look forward to the initial production of copper
and gold concentrate at Mt. Milligan in the third quarter."
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, 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 is
also in the process of constructing the Mt. Milligan Mine in British
Columbia. Mt. Milligan is designed to be a conventional truck-shovel
open-pit copper-gold mine. Mt. Milligan is expected to commence
production in 2013. The Company's development projects include the
Berg property, a copper, molybdenum, and silver exploration property
located in British Columbia, the Davidson property, an underground
molybdenum exploration property located in British Columbia, and the
Maze Lake property, a joint venture 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 rele
ase 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
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
For more information, please contact:
Director, Investor Relations and
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
Renmark Financial Communications Inc.
Tel: (514) 939-3989
Press spacebar to pause and continue. Press esc to stop.