Diversified miner Thompson Creek Metals Company has swung to an adjusted loss of $49.8-million, or $0.23 a share, as sharply lower molybdenum sales and lower prices for gold, copper and molybdenum impacted the bottom line.
The Denver, Colorado-based company, which operates the Mt Milligan copper/gold mine and has a 75% interest in the Endako molybdenum mine, in British Columbia, and owned the Thompson Creek molybdenum mine, in Idaho, widened its net loss to $134.9-million, or $0.62 a share, compared with $124.2-million, or $0.64 a share in 2014, as it booked noncash foreign exchange losses of $168.4-million in 2015, mainly on intercompany notes.
