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Article: Thompson Creek announces third-quarter 2009 financial results and production and cost guidance for 2010.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R
TORONTO, Nov. 5 /PRNewswire-FirstCall/ --
Overview (all in U.S. dollars):
- Net income in the third quarter was $19.7 million or $0.16 per basic
and $0.14 per diluted share, compared with a net loss in the second
quarter of $0.4 million or $0.00 per basic and diluted common share.
The improved financial results were due to both higher realized
prices and an increase in sales of molybdenum from the Company's
mines to 7.4 million pounds in the third quarter from 6.5 million in
the second quarter.
- Molybdenum production was 6.2 million pounds in the third quarter of
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