Moly business status Molybdenum Business Unit
In 2024, the care and maintenance and reclamation expenditures for the Molybdenum Business Unit (“MBU”) are expected to be between $21 and $28 million. This includes $15 to $18 million of reclamation expenditures at the Endako Mine (“Endako”), $5 to $7 million of care and maintenance costs at Endako, and $1 to $3 million of care and maintenance costs for the first six months of 2024 at the Thompson Creek Mine (“Thompson Creek”). Substantially all reclamation costs planned in 2024 have been included in the reclamation provision as at December 31, 2023.
For the first six months of 2024, project development costs at Thompson Creek are expected to be $17 to $20 million of expensed costs related to stripping and general and administrative expenses, and $7 to $12 million of non-sustaining capitalized costsNG related to equipment purchases and refurbishments. The Company continues to progress work on the Thompson Creek feasibility study (“FS”), which is expected to be completed by mid-2024. Upon completion of the FS, the Company will update the Thompson Creek guidance as necessary.
In 2024, cash from operations at the Langeloth Metallurgical Facility (“Langeloth”) is expected to be between positive $20 million and negative $25 million, with movements in working capital dependent on market molybdenum prices. Sustaining capital expendituresNG at Langeloth in 2024 are expected to be $5 to $10 million and are related to a planned acid plant maintenance shutdown that routinely occurs every several years.