Thompson Creek Closes Financing Worth $350 Million

Mining Weekly reported that Thompson Creek Metals closed financing worth $350-million, much of which is earmarked to support expansion at the Mt Milligan copper/gold mine.

As quoted in the market report:

The Mount Milligan project is expected to be complete by the third quarter of 2013, with production scheduled to start in the last quarter of that year. The copper/gold project’s costs spiralled about 50% from the initial cost estimate of C$915-million.

To view the whole Mining Weekly report, click here.