CG news2022 Molybdenum Business Unit
In 2022, care and maintenance expenses related to the Molybdenum Business Unit, including reclamation expenditures, are currently estimated to be between $20 and $25 million. These costs are expected to be partially offset by the cash generated from molybdenum roasting, with total net cash required to maintain the Molybdenum Business Unit expected to be in the range of $15 to $20 million. The Company’s assumed molybdenum price for 2022 is $17.00 per pound.