Thompson Creek Metals

Thompson Creek Metals Company Inc.
Company typePublic
TSX: TCM
NYSE: TC
IndustryMining
Founded2006
Defunct2016 (2016)
FateAcquired by Centerra Gold
Headquarters,
Key people
JacquesPerron, Pres, CEO, Dir
PamelaL.Saxton, Exec.VP, CFO
Mark Wilson, Exec.VP, CCO
Wendy Cassity, VP, GC, Sec.
Geoff Ramey, VP, HR
Ian Berzins, VP, GM(MMM)
Robert Dorfler, VP, GM(LMF)
Chris Gibbs, VP, GM(EM)
John Hollow, VP Tech.Ser.
Greg Hurless, GM(TCM)
Timothy J. Haddon, Dir
Denis C. Arsenault, Dir
Carol T. Banducci, Dir
James L. Freer, Dir
James P. Geyer, Dir
Anne Giardini, Dir
ProductsCu, Au, Mo,
RevenueUS$807 million (2014)Increase[1]
US$36 million (2014)Increase[1]
US$(124 million) (2014)Decrease[1]
Total assetsUS$2.8 billion (2014)Increase[1]
Total equityUS$888 million (2014)Increase[1]
Websitewww.thompsoncreekmetals.com

Thompson Creek Metals Company Inc. was a full cycle mining company with acquisition, exploration, development, and operation in North America.[1] The corporate office was located in Denver, Colorado. The company primarily produced copper, gold, and molybdenum.[1] Over its history, the Company evolved from being a major primary molybdenum producer to becoming a copper and gold mining company with the construction and development of the Mount Milligan (open-pit copper-gold) mine and concentrator in British Columbia, Canada.[2] Mount Milligan was Thompson Creek Metals principal operation and the company owned 100% of this property.[2] The company also owned 100% of its Thompson Creek Mine (open-pit molybdenum and concentrator) in Idaho. Thompson Creek Metals owned 75% joint venture interest in two other properties, including its Endako Mine (open-pit molybdenum, concentrator and roaster) in British Columbia, and its Langeloth Metallurgical Facility (roaster) in Pennsylvania.[2] Thompson Creek Metals had additional development projects, including the Berg property in British Columbia (exploration of copper, molybdenum, and silver).[1][2]

In 2016, Thompson Creek was acquired by Centerra Gold for $1.1 billion.[3] The deal took place because of Thompson Creek's substantial debt incurred to develop their Mount Milligan mine.

  1. ^ a b c d e f g h "Thompson Creek Metals Company, Inc. Year Ended 2014 10-K Form" (PDF). 2014-12-31.
  2. ^ a b c d "Thompson Creek Reports Significantly Improved 2014 Financial Results Revenue of $807 Million, up 86%, Operating Cash Flow of $185 Million, up 313% and Cash Balance of $266 Million, up 14%" (PDF). 2015-02-19.
  3. ^ "'One we'll talk about for many years': Centerra-Thompson Creek deal was string of wins". Financial Post. 2017-01-30. Retrieved 2018-02-12.

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