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Thompson Creek Metals Company: Thompson Creek Reports Third Quarter 2015 Production And Sales Results

The following excerpt is from the company's SEC filing.

Denver, Colorado - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (“Thompson Creek” or the “Company”) announced today production and sales results for the three and nine months ended September 30, 2015. Total concentrate production for Mount Milligan for the quarter ended September 30, 2015 was 31.7 thousand dry tonnes, with 16.3 million pounds of payable copper and 53.8 thousand ounces of payable gold, which represents an increase of approximately

1% and a decrease of 11%, respectively, from payable copper and gold production during the third quarter of 2014. Total concentrate production for Mo unt Milligan for the nine months ended September 30, 2015 was 101.6 thousand dry tonnes, with 51.9 million pounds of payable copper and 159.8 thousand ounces of payable gold, which represents increases of approximately 12% and 17%, respectively, from payable copper and gold production during the first nine months of 2014.

Copper and Gold

Mount Milligan Mine

Average Daily Mill Throughput (tonnes)

39,569

44,940

44,077

42,878

Mill Availability (%)

Copper ore grade (%)

Copper recovery (%)

Copper payable production (million lbs)

Copper sold (million lbs)

Gold ore grade (g per tonne)

Gold recovery (%)

Gold payable production (000's ounces)

Gold sold (000's ounces)

Molybdenum Sold

Company Mines

Molybdenum sold (million lbs)

Third-Party Sourced

Total Molybdenum Sold (million lbs)

For the third quarter of 2015, daily mill throughput averaged 44,077 tonnes and mill availability averaged 90.2%. Recoveries averaged 76.1% for copper and 67.3% for gold. A significant amount of oxidized material was processed during the third quarter which, as expected, adversely impacted recoveries.

Throughput was constrained during the third quarter as a result of SAG screen deck failures due to overloading and associated recirculation issues, together with reduced mill availability caused by scheduled and unscheduled mill shutdowns. In addition to the unscheduled shutdowns to remediate the screen deck failures and other mechanical repairs, mill availability was impacted by scheduled shutdowns to complete maintenance on the primary crusher, reline the ball mills, and perform the annual inspection of the SAG mill motor.

Jacques Perron, President and Chief Executive Officer of Thompson...


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