Thompson Creek Metals Company Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of USD 108.7 million against USD 113.6 million a year ago. Operating income was USD 17.0 million against operating loss of USD 16.5 million a year ago. Loss before income and mining taxes was USD 2.3 million against USD 11.0 million a year ago. Net income was USD 0.9 million or USD 0.01 per basic share against USD 1.1 million or USD 0.01 per basic share a year ago. Cash generated by operating activities was USD 15.3 million against USD 3.1 million a year ago. Adjusted net income was USD 0.9 million or USD 0.01 per basic share against USD 1.2 million or USD 0.01 per basic share a year ago. Total capital expenditures were USD 155.1 million against USD 187.9 million a year ago. The company financial performance this quarter compared to the first quarter of 2012 was positively affected by higher production, higher sales volumes, lower operating expenses and lower depreciation, depletion and amortization partially offset, as Kevin mentioned, by declining molybdenum market prices and unfavorable changes in the exchange rates between the US dollar and the Canadian dollar. For the quarter, the company reported Molybdenum production of 7,690,000 lb against 4,424,000 lb a year ago. Mt. Milligan average annual production is expected to be higher during the first full six years of production (approximately 89 million pounds of copper and 262,000 ounces of gold, both in concentrate), compared to annual life-of-mine production (approximately 81 million pounds of copper and 194,500 ounces of gold, both in concentrate). Production and cash cost guidance for 2014 will be provided once Mt. Milligan is fully operational. The company expects total molybdenum production of 27,500,000 lb-30,500,000 lb for the year ending December 31, 2013 and 2014. For the year, the company expects total capital expenditure to be in the range of USD 440 million to USD 480 million. For 2014 the company expects total capital expenditure to be in the range of USD 55 million-USD 80 million. The company is currently estimating an aggregate of approximately CAD 1.5 billion to construct and develop Mt. Milligan, of which approximately CAD 240.0 million of expenditures remain to be spent, plus an additional CAD 40.0 million to CAD 50.0 million of aggregate capital expenditures for a permanent operations residence (of which CAD 1.5 million has been spent on capital expenditures and CAD 6.6 million has been prepaid to one vendor in the first quarter of 2013. The permanent operations residence is expected to be completed in 2014.

Thompson Creek Metals Company Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 08, 2013

Thompson Creek Metals Company Inc., Q1 2013 Earnings Call, May 09, 2013