Thompson Creek Reports Second Quarter 2015 Production and SaThompson Creek Reports Second Quarter 2015 Production and Sales Results6 hours ago by CNW Group Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the "Company") announced today production and sales results for the three and six months ended June 30, 2015. Total concentrate production for Mount Milligan for the quarter ended June 30, 2015 was 39.6 thousand dry tonnes, with 20.2 million pounds of payable copper and 59.9 thousand ounces of payable gold, which represented increases of approximately 26% and 62%, respectively, from payable copper and gold production during the second quarter of 2014. Total concentrate production for Mount Milligan for the six months ended June 30, 2015 was 69.9 thousand dry tonnes, with 35.6 million pounds of payable copper and 106.0 thousand ounces of payable gold, which represented increases of approximately 17% and 39%, respectively, from payable copper and gold production during the first six months of 2014.
Q1 Q2 YTD 2015 2015 2015 Copper and Gold Mount Milligan Mine Average Daily Mill Throughput (tonnes) 39,569 44,940 42,269 Mill Availability (%) 87.3% 91.2% 89.3% Copper ore grade (%) 0.26% 0.28% 0.27% Copper recovery (%) 79.3% 85.5% 82.7% Copper payable production (million lbs) 15.4 20.2 35.6 Copper sold (million lbs) 14.8 21.2 36.0 Gold ore grade (g per tonne) 0.63 0.65 0.64 Gold recovery (%) 66.7% 72.7% 70.0% Gold payable production (000's ounces) 46.1 59.9 106.0 Gold sold (000's ounces) 36.8 57.9 94.7 Molybdenum Sold Company Mines Molybdenum sold (million lbs) 2.5 0.6 3.1 Third-Party Sourced 1.8 1.6 3.4 --- --- --- Total Molybdenum Sold (million lbs) 4.3 2.2 6.5
Jacques Perron, President and Chief Executive Officer of Thompson Creek, said, "During the second quarter of 2015, we achieved our highest average daily mill throughput on a quarterly basis of 44,940 tonnes, and for May and June averaged 49,913 tonnes. Recoveries steadily improved during the quarter, averaging 85.5% for copper and 72.7% for gold. Additional operational improvements at Mount Milligan are expected to be made during scheduled maintenance shutdowns later this year, which will impact mill availability. We are confident that we will continue to experience improving performance at the operation through the remainder of the year."
During the three and six months ended June 30, 2015, the Company completed three and seven shipments, respectively, of copper and gold concentrate, and recognized four and seven sales, respectively.