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Rohstoffthread (Archiv)
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was passiert eigentlich bei alexandria ?
Ich würde mal sagen die üblichen Sommerspiele bei Explorern, Alexandria hat ein ein sehr grosses
Bohrprogram bis in den Spätherbst. Bis dato waren die Ergebnisse gut bis sehr gut.
Charttechnisch ist der Wert angeschlagen, aber das ist ja wohl beabsichtigt!
ok ... dann pillen rein ... und abwarten ...
super infos und antworten zu alexandria ...
suche ebenfalls noch bissle was zu mustang - auch charttechnisch tot ...
und corriente ...
danke euch fuer eure tolle arbeit ...
--->>>> mein tip fuer 6 monate ... FROGSTER ! naehere infos gerne - --- da ist ein top spiel in der pipeline ...
und die KE war hoffnungslos ueberzeichnet und der kurs ging deswegen kurz ueber 14 ...
suche ebenfalls noch bissle was zu mustang - auch charttechnisch tot ...
und corriente ...
danke euch fuer eure tolle arbeit ...
--->>>> mein tip fuer 6 monate ... FROGSTER ! naehere infos gerne - --- da ist ein top spiel in der pipeline ...
und die KE war hoffnungslos ueberzeichnet und der kurs ging deswegen kurz ueber 14 ...
Bei Corriente + Aurelian gehts ja im Moment um das Permit (Freigabe) der Minentätigkeit,- hier sieht
es deutlich besser aus. Ein paar Postings weiter hinten stehen News aus Ecuador drin. Minenfreundlicher
Minister etc....
es deutlich besser aus. Ein paar Postings weiter hinten stehen News aus Ecuador drin. Minenfreundlicher
Minister etc....
Mustang, Crowflight sind gute Werte,ich finde Tenajon noch interessanter 10 mal mehr im Boden.
Dagegen sind die 2 ein Fliegenschiss. Anlagehorizont 2 Jahre plus. Ziel 300% + mehr!
Ich gönne dem Finanzministerium keinen müden € von mir!
Dagegen sind die 2 ein Fliegenschiss. Anlagehorizont 2 Jahre plus. Ziel 300% + mehr!
Ich gönne dem Finanzministerium keinen müden € von mir!
Mustang Provides Update Drills New Exploration Holes
TORONTO, ONTARIO--(Marketwire - Aug. 9, 2007) - Mustang Minerals Corp (TSX VENTURE:MUM)(FRANKFURT:NJF)(the "Company") today announced drilling results and an update of exploration activities at and near the Maskwa Project. In addition Mustang has substantially added to its mineral rights in the area of its newly acquired Fox Property.
At Maskwa four additional diamond drill holes (MM07-92 to MM07-95) were completed in the area of the Maskwa resource. MM07-92 was the final hole completed for the calculation of the updated resource. This hole was collared to target an area 30 metres below the resource and 146 meters from surface. Notably MM07-92 intersected 0.3 meters of 6.12% nickel and 1.10% copper. The following table highlights the results.
TPM
(Pt-Pd
Drill From - To Interval Nickel Copper -Au) Cobalt Comment
Hole (m) (m) % % g/t %
---------------------------------------------------------------------------
Low Grade
120.64- hanging wall
MM07-92 131.67 11.03 0.23 0.13 261 0.012 mineralization
---------------------------------------------------------------------------
145.51-
And 145.82 0.31 6.12 1.10 661 0.062 HW Stringer
---------------------------------------------------------------------------
Low Grade
158.95- hanging wall
And 188.06 29.11 0.32 0.06 165 0.014 mineralization
---------------------------------------------------------------------------
169.47-
Including 169.77 0.30 1.29 1.17 567 0.065 HW Stringer
---------------------------------------------------------------------------
181.97-
Including 185.01 3.04 0.59 0.14 606 0.028 Maskwa Zone
---------------------------------------------------------------------------
186.54-
Including 188.06 1.52 0.50 0.09 480 0.020 Maskwa Zone
---------------------------------------------------------------------------
Low Grade
190.80- footwall
And 199.34 8.54 0.25 0.06 184 0.009 mineralization
---------------------------------------------------------------------------
Assays intervals are apparent width.
The Maskwa Zone remains open to depth from Hole 92.
Assays are also pending from holes MM07-93 to MM07-95. Footwall mineralization was noted in MM07-94 in addition to mineralization from the Maskwa Zone. The potential for nickel mineralization in the footwall volcanic rocks was enhanced by the recent discovery of nickel mineralization (0.68 % nickel over 1.9 metres) in drill hole MM07-88. This hole had been drilled as part of a geotechnical program (rock quality for pit slope and mine design) approximately 130 meters into the footwall from the resource.
New VTEM Target Drill Tested
A Geotech VTEM airborne survey was recently completed over the extent of Mustang's lease and mineral claims surrounding the Maskwa Deposit. This survey identified numerous conductive anomalies. Mustang has drilled three holes into a geophysical conductor in an area of interest located approximately 1.5 kilometers to the northwest of the Maskwa resource in the area of a historical showing. The first two drill holes intersected intervals of disseminated mineralization while the third drill hole intersected disseminated mineralization in ultramafic rocks. Samples from these three holes have been sent for assays with results pending.
Owyhee Property
Mustang has drilled 8 diamond drill holes at the Owyhee Property in two separate areas which are located 8.1 km and 12.7 km to the east of the Maskwa resource. Drill targets for these holes were generated from heliborne geophysics. Three conductors have been tested and the results from the first conductor tested did not return any significant values. The drilling at all three targets intersected primarily felsic volcanic rocks and sulfide iron formations not considered favourable for nickel mineralization. The results from the other two targets tested will be announced as received from the assay laboratory.
Expanded Land Position
As part of its expanding exploration program, Mustang has now completed a land acquisition program in the English Brook and English Lake area located west of Bissett, Manitoba. The program involved the acquisition by staking of unpatented mineral claims adjacent to the Fox Property where Province of Manitoba literature notes historical drill intercepts contain nickel values of up to 5.2% nickel. In addition, several nickel showings have been documented in the project area. Mustang will complete a geological compilation and anticipates completing geophysics over the expanded project area.
All assays were completed at Accurassay Laboratories using standard assay techniques.
Carey Galeschuk P.Geo, VP Exploration of Mustang, is the Qualified Person for Mustang Minerals Corp. and has reviewed the contents of this release.
To find out more about Mustang Minerals Corp. (TSX-V:MUM) visit our website at www.mustangminerals.com
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2006 and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 63,918,859
[/img]
TORONTO, ONTARIO--(Marketwire - Aug. 9, 2007) - Mustang Minerals Corp (TSX VENTURE:MUM)(FRANKFURT:NJF)(the "Company") today announced drilling results and an update of exploration activities at and near the Maskwa Project. In addition Mustang has substantially added to its mineral rights in the area of its newly acquired Fox Property.
At Maskwa four additional diamond drill holes (MM07-92 to MM07-95) were completed in the area of the Maskwa resource. MM07-92 was the final hole completed for the calculation of the updated resource. This hole was collared to target an area 30 metres below the resource and 146 meters from surface. Notably MM07-92 intersected 0.3 meters of 6.12% nickel and 1.10% copper. The following table highlights the results.
TPM
(Pt-Pd
Drill From - To Interval Nickel Copper -Au) Cobalt Comment
Hole (m) (m) % % g/t %
---------------------------------------------------------------------------
Low Grade
120.64- hanging wall
MM07-92 131.67 11.03 0.23 0.13 261 0.012 mineralization
---------------------------------------------------------------------------
145.51-
And 145.82 0.31 6.12 1.10 661 0.062 HW Stringer
---------------------------------------------------------------------------
Low Grade
158.95- hanging wall
And 188.06 29.11 0.32 0.06 165 0.014 mineralization
---------------------------------------------------------------------------
169.47-
Including 169.77 0.30 1.29 1.17 567 0.065 HW Stringer
---------------------------------------------------------------------------
181.97-
Including 185.01 3.04 0.59 0.14 606 0.028 Maskwa Zone
---------------------------------------------------------------------------
186.54-
Including 188.06 1.52 0.50 0.09 480 0.020 Maskwa Zone
---------------------------------------------------------------------------
Low Grade
190.80- footwall
And 199.34 8.54 0.25 0.06 184 0.009 mineralization
---------------------------------------------------------------------------
Assays intervals are apparent width.
The Maskwa Zone remains open to depth from Hole 92.
Assays are also pending from holes MM07-93 to MM07-95. Footwall mineralization was noted in MM07-94 in addition to mineralization from the Maskwa Zone. The potential for nickel mineralization in the footwall volcanic rocks was enhanced by the recent discovery of nickel mineralization (0.68 % nickel over 1.9 metres) in drill hole MM07-88. This hole had been drilled as part of a geotechnical program (rock quality for pit slope and mine design) approximately 130 meters into the footwall from the resource.
New VTEM Target Drill Tested
A Geotech VTEM airborne survey was recently completed over the extent of Mustang's lease and mineral claims surrounding the Maskwa Deposit. This survey identified numerous conductive anomalies. Mustang has drilled three holes into a geophysical conductor in an area of interest located approximately 1.5 kilometers to the northwest of the Maskwa resource in the area of a historical showing. The first two drill holes intersected intervals of disseminated mineralization while the third drill hole intersected disseminated mineralization in ultramafic rocks. Samples from these three holes have been sent for assays with results pending.
Owyhee Property
Mustang has drilled 8 diamond drill holes at the Owyhee Property in two separate areas which are located 8.1 km and 12.7 km to the east of the Maskwa resource. Drill targets for these holes were generated from heliborne geophysics. Three conductors have been tested and the results from the first conductor tested did not return any significant values. The drilling at all three targets intersected primarily felsic volcanic rocks and sulfide iron formations not considered favourable for nickel mineralization. The results from the other two targets tested will be announced as received from the assay laboratory.
Expanded Land Position
As part of its expanding exploration program, Mustang has now completed a land acquisition program in the English Brook and English Lake area located west of Bissett, Manitoba. The program involved the acquisition by staking of unpatented mineral claims adjacent to the Fox Property where Province of Manitoba literature notes historical drill intercepts contain nickel values of up to 5.2% nickel. In addition, several nickel showings have been documented in the project area. Mustang will complete a geological compilation and anticipates completing geophysics over the expanded project area.
All assays were completed at Accurassay Laboratories using standard assay techniques.
Carey Galeschuk P.Geo, VP Exploration of Mustang, is the Qualified Person for Mustang Minerals Corp. and has reviewed the contents of this release.
To find out more about Mustang Minerals Corp. (TSX-V:MUM) visit our website at www.mustangminerals.com
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2006 and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 63,918,859
[/img]
Wobei allerdings festzuhalten ist, dass wir hier auuschliesslich einen Faktenthread haben!
Pushen oder Bashen bitte WOanders!! Alle hier vorgestellten Werte haben einen Anlagehorizont
von mindestens 2 Jahren mit der fundamentalen Chance eines Vervielfachers,
Pushen oder Bashen bitte WOanders!! Alle hier vorgestellten Werte haben einen Anlagehorizont
von mindestens 2 Jahren mit der fundamentalen Chance eines Vervielfachers,
BRR Frankfurt, HNC Canada Hard Creek Nickel spitzt immer mehr an, Ausbruchskandidat!!
Knackpunkt bleibt die Zone um $ 2,20; dort läuft:
(1) horizontale Widerstandszone seit Mitte April
(2) obere Linie der Riesen-Flagge seit Anfang April ($3,26 - $2,20)
(3) obere Linie der "3-Fächer-Regel" (Obere Abwärtstrendbegrenzungen, die bereits zweimal durchstoßen wurden.
Jetzt hängt der Kurs vor der dritten - daher "Fächer")
(4) die 38-Tage-Linie ($ 2,17)
(5) andere technische Indikatoren beginnen zu "drehen" (MACD etc.)
Der Kurs ist bei größeren Umsätzen und einer Gap (beides positiv) von unten an diese Zone herangepirscht und verharrt dort derzeit bei fallenden Umsätzen. Angesichts der Tatsache, dass seit ein paar Tagen auch immer wieder über 180.000 Stück Geld sind ("Auffang-/Abstaubeorder?"), hoffe ich ebenfalls, dass HNC jetzt endgültig Kraft sammelt für den Ausbruch. Charttechnisch vielversprechend ... aber: Der Ausbruch muss halt gelingen (= über $ 2,25 und hohe Umsätze).
Von Yenz 54 WO
Hier sollte bei Sabina Silver RXC bald ein Aufwärtstrend einsetzen, ich weiss nicht was schlecht an einer News ist, dass ein Fachmann für Minenaufbau in Hackett River engagiert ist. 8)
Zeigt mir eher, dass man zügig an einer Produktionsaufnahme arbeitet.
Attention Business Editors:
Thompson Creek schedules Q2 2007 financial results conference call/webcast for August 13 at 10:00 a.m. Eastern
Shares outstanding: 112,961,000
TSX: TCM, TCM.WT
Frankfurt: A6R
TORONTO, Aug. 9 /CNW/ - Thompson Creek Metals Company Inc., one of the
world's largest publicly traded, pure molybdenum producers, has scheduled a
conference call for analysts and investors to discuss its second-quarter 2007
financial results on Monday, August 13, 2007 at 10 a.m. (Eastern). A news
release on the results will be issued after markets close on August 10, 2007.
Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief
Executive Officer, and Derek Price, Chief Financial Officer, will be available
to answer questions during the call.
To participate in the call, please dial 416-644-3419 or 1-800-731-6941
about five minutes prior to the start of the call.
A live audio webcast of the conference call will be available at
www.newswire.ca and www.thompsoncreekmetals.com.
An archived recording of the call will be available at 416-640-1917 or
1-877-289-8525 (Passcode 21243042 followed by the number sign) from 12:00 p.m.
on August 13 to 11:59 p.m. on August 20. An archived recording of the webcast
will also be available at Thompson Creek's website.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the timing and
amount of estimated future production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative variations) of
such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Thompson Creek and/or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 which is available on SEDAR at
www.sedar.com. Although Thompson Creek has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained
herein are made as of the date of this news release and Thompson Creek
disclaims any obligation to update any forward-looking statements, whether as
a result of new information, future events or results or otherwise. There can
be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Thompson Creek undertakes no obligation to
update forward-looking statements if circumstances or management's estimates
or opinions should change. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements.
For further information: Ian McDonald, Executive Chairman, Thompson Creek
Metals Company Inc., Tel: (416) 860-1438, info@tcrk.com; Wayne
Cheveldayoff, Director of Investor Relations, Thompson Creek Metals Company
Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992,
wcheveldayoff@tcrk.com; Tina Cameron, Renmark Financial Communications
Inc., Tel.: (514) 939-3989, tcameron@renmarkfinancial.com
Thompson Creek schedules Q2 2007 financial results conference call/webcast for August 13 at 10:00 a.m. Eastern
Shares outstanding: 112,961,000
TSX: TCM, TCM.WT
Frankfurt: A6R
TORONTO, Aug. 9 /CNW/ - Thompson Creek Metals Company Inc., one of the
world's largest publicly traded, pure molybdenum producers, has scheduled a
conference call for analysts and investors to discuss its second-quarter 2007
financial results on Monday, August 13, 2007 at 10 a.m. (Eastern). A news
release on the results will be issued after markets close on August 10, 2007.
Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief
Executive Officer, and Derek Price, Chief Financial Officer, will be available
to answer questions during the call.
To participate in the call, please dial 416-644-3419 or 1-800-731-6941
about five minutes prior to the start of the call.
A live audio webcast of the conference call will be available at
www.newswire.ca and www.thompsoncreekmetals.com.
An archived recording of the call will be available at 416-640-1917 or
1-877-289-8525 (Passcode 21243042 followed by the number sign) from 12:00 p.m.
on August 13 to 11:59 p.m. on August 20. An archived recording of the webcast
will also be available at Thompson Creek's website.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the timing and
amount of estimated future production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative variations) of
such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Thompson Creek and/or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 which is available on SEDAR at
www.sedar.com. Although Thompson Creek has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained
herein are made as of the date of this news release and Thompson Creek
disclaims any obligation to update any forward-looking statements, whether as
a result of new information, future events or results or otherwise. There can
be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Thompson Creek undertakes no obligation to
update forward-looking statements if circumstances or management's estimates
or opinions should change. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements.
For further information: Ian McDonald, Executive Chairman, Thompson Creek
Metals Company Inc., Tel: (416) 860-1438, info@tcrk.com; Wayne
Cheveldayoff, Director of Investor Relations, Thompson Creek Metals Company
Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992,
wcheveldayoff@tcrk.com; Tina Cameron, Renmark Financial Communications
Inc., Tel.: (514) 939-3989, tcameron@renmarkfinancial.com
LR8 mittlerweile auch wieder ein klarer Kauf.
Langfristig ein viel versprechendes Teil, haben ihre Liegenschaft gleich neben Cameco.
Hat mich Fischi damals draufgebracht.
Produktionsstart geplant für 2011.
Langfristig ein viel versprechendes Teil, haben ihre Liegenschaft gleich neben Cameco.
Hat mich Fischi damals draufgebracht.
Produktionsstart geplant für 2011.
Hier sollte man long gehen, im vorletzten Aktionär besprochen!
zu Grenville Gold: Der Chef kauft!
Insider name: Broadoway, Stacy
Insider\'s Relationship to Issuer: 5 - Senior Officer of Issuer
Security designation: Common Shares
1000377 2007-07-05 2007-07-05 Direct Ownership :
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1010806 2007-07-11 2007-07-19 Direct Ownership :
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Insider name: Gill, Amrit Paul Singh
Insider\'s Relationship to Issuer: 4 - Director of Issuer
Security designation: Common Shares
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1012281 2007-07-20 2007-07-22 Direct Ownership :
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Insider name: Rokosh, Melvin
Insider\'s Relationship to Issuer: 4 - Director of Issuer
Security designation: Common Shares
1011629 2007-07-20 2007-07-20 Direct Ownership :
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http://www.smartstox.com/interviews/GVG.php
Insider name: Broadoway, Stacy
Insider\'s Relationship to Issuer: 5 - Senior Officer of Issuer
Security designation: Common Shares
1000377 2007-07-05 2007-07-05 Direct Ownership :
10 - Acquisition or disposition in the public market +3,000 0.5400 13,000
1010806 2007-07-11 2007-07-19 Direct Ownership :
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Insider name: Gill, Amrit Paul Singh
Insider\'s Relationship to Issuer: 4 - Director of Issuer
Security designation: Common Shares
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1009110 2007-07-05 2007-07-16 Direct Ownership :
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10 - Acquisition or disposition in the public market +2,000 0.5200 924,000
1009116 2007-07-10 2007-07-16 Direct Ownership :
10 - Acquisition or disposition in the public market +36,000 0.5300 960,000
1009117 2007-07-10 2007-07-16 Direct Ownership :
10 - Acquisition or disposition in the public market +44,000 0.5100 1,004,000
1009118 2007-07-10 2007-07-16 Direct Ownership :
10 - Acquisition or disposition in the public market +6,000 0.5100 1,010,000
1009119 2007-07-10 2007-07-16 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.5100 1,030,000
1012280 2007-07-20 2007-07-22 Direct Ownership :
10 - Acquisition or disposition in the public market +3,000 0.5900 1,033,000
1012281 2007-07-20 2007-07-22 Direct Ownership :
10 - Acquisition or disposition in the public market +4,000 0.5600 1,037,000
1012282 2007-07-20 2007-07-22 Direct Ownership :
10 - Acquisition or disposition in the public market +16,500 0.5400 1,053,500
Insider name: Rokosh, Melvin
Insider\'s Relationship to Issuer: 4 - Director of Issuer
Security designation: Common Shares
1011629 2007-07-20 2007-07-20 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.5600 40,000
http://www.smartstox.com/interviews/GVG.php
Edelmetalle massiver Preisanstieg erwartet (Commerzbank Corp. & Markets)
Frankfurt (aktiencheck.de AG) - Die Ruhe vor dem Sturm dürfte am Goldmarkt bald der Vergangenheit angehören, so die Analysten von Commerzbank Corporates & Markets.
Unbeachtet von den meisten Anlegern seien gestern die Leihraten für Gold und Silber massiv gestiegen und würden zurzeit teilweise Mehrjahreshochs markieren. Offensichtlich würden die Edelmetalle derzeit zur Liquiditätsbeschaffung en masse von den Zentralbanken ausgeliehen. Die darauf folgenden starken Verkäufe seitens der sog. Bullion-Banken hätten den Goldpreis noch nicht einmal unter 660 USD zwingen können. Dies würden die Analysten als Stärke andeuten, zumal es zuletzt in den Medien nur so von Berichten über die bevorstehenden Zentralbankverkäufe gewimmelt habe und darüber hinaus der Euro gegenüber dem US-Dollar massiv an Boden verloren habe.
Das Fundament für einen massiven Preisanstieg bei Edelmetallen sei wie geschaffen. Trotz großzügiger Ankündigungen würden die europäischen Zentralbanken auch in diesem Jahr ihre Verkaufsquote offensichtlich nicht erfüllen können. Auch die erwarteten Zinssenkungen seitens der FED seien sehr positiv für den Goldpreis. Außerdem sollte die physische Nachfrage aus saisonalen Gründen bald stark anziehen.
Aber auch die Anleger würden bereits nach dem Schutz bei Edelmetallen suchen - die ETFs für Gold und Silber würden derzeit massive Zuflüsse verzeichnen. Zwar würden Edelmetalle vor allem am Anfang einer Krise oft zur Liquiditätsbeschaffung verkauft. Jedoch würden sie ihre Qualitäten als hervorragender Kapitalschutz und stabile Ersatzwährung mit der Verschärfung bzw. Ausweitung der Krise entfalten.
Deswegen würden die Analysten von Commerzbank Corporates & Markets die derzeitige Korrektur lediglich als die kleinen Rückgänge vor einem Tsunami am Goldmarkt sehen, der vom Beben im Finanzsektor ausgelöst worden sei und der die Notierungen nachhaltig auf über 700 USD spülen sollte. Da nun auch die sicher geglaubten Geldmarktfonds scheinbar von der Subprime-Krise betroffen seien, zähle Gold zu einer der ganz wenigen Geldanlagen, die in der Tat krisensicher seien. (10.08.2007/ac/a/m)
Marktbericht-Datum: 10.08.2007
Quelle:aktiencheck.de 10/08/2007 11:52
Frankfurt (aktiencheck.de AG) - Die Ruhe vor dem Sturm dürfte am Goldmarkt bald der Vergangenheit angehören, so die Analysten von Commerzbank Corporates & Markets.
Unbeachtet von den meisten Anlegern seien gestern die Leihraten für Gold und Silber massiv gestiegen und würden zurzeit teilweise Mehrjahreshochs markieren. Offensichtlich würden die Edelmetalle derzeit zur Liquiditätsbeschaffung en masse von den Zentralbanken ausgeliehen. Die darauf folgenden starken Verkäufe seitens der sog. Bullion-Banken hätten den Goldpreis noch nicht einmal unter 660 USD zwingen können. Dies würden die Analysten als Stärke andeuten, zumal es zuletzt in den Medien nur so von Berichten über die bevorstehenden Zentralbankverkäufe gewimmelt habe und darüber hinaus der Euro gegenüber dem US-Dollar massiv an Boden verloren habe.
Das Fundament für einen massiven Preisanstieg bei Edelmetallen sei wie geschaffen. Trotz großzügiger Ankündigungen würden die europäischen Zentralbanken auch in diesem Jahr ihre Verkaufsquote offensichtlich nicht erfüllen können. Auch die erwarteten Zinssenkungen seitens der FED seien sehr positiv für den Goldpreis. Außerdem sollte die physische Nachfrage aus saisonalen Gründen bald stark anziehen.
Aber auch die Anleger würden bereits nach dem Schutz bei Edelmetallen suchen - die ETFs für Gold und Silber würden derzeit massive Zuflüsse verzeichnen. Zwar würden Edelmetalle vor allem am Anfang einer Krise oft zur Liquiditätsbeschaffung verkauft. Jedoch würden sie ihre Qualitäten als hervorragender Kapitalschutz und stabile Ersatzwährung mit der Verschärfung bzw. Ausweitung der Krise entfalten.
Deswegen würden die Analysten von Commerzbank Corporates & Markets die derzeitige Korrektur lediglich als die kleinen Rückgänge vor einem Tsunami am Goldmarkt sehen, der vom Beben im Finanzsektor ausgelöst worden sei und der die Notierungen nachhaltig auf über 700 USD spülen sollte. Da nun auch die sicher geglaubten Geldmarktfonds scheinbar von der Subprime-Krise betroffen seien, zähle Gold zu einer der ganz wenigen Geldanlagen, die in der Tat krisensicher seien. (10.08.2007/ac/a/m)
Marktbericht-Datum: 10.08.2007
Quelle:aktiencheck.de 10/08/2007 11:52
Mindoro Resources Ltd.: Philippine Projects Advancing on Schedule
EDMONTON, ALBERTA--(Marketwire - Aug. 10, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT: WKN 906167) is pleased to provide an update on activities from its projects in the Philippines. The 43-101 report for the Kay Tanda epithermal gold-silver prospect is well advanced and preliminary mine planning work is in progress. At the Agata Northern Nickel Laterite Project, preliminary design of the road and starter pit have been completed and the Environmental Compliance Certificate process is well advanced. Scoping studies are also in progress. Drilling is continuing at the Calo porphyry copper-gold prospect, and advanced drill target definition work is commencing on multiple porphyry copper-gold targets at the El Paso and Archangel projects. Discussions with potential joint venture partners for some of Mindoro's over 20 porphyry copper-gold projects are taking place.
KAY TANDA GOLD-SILVER PROJECT
Preparation of the NI 43-101 resource estimate report is advanced and is expected to be completed in late August or early September. The report is being prepared by Dr. B. Rohrlach, independent geological consultant in Australia, in conjunction with Golder Associates of Brisbane, Australia. As a result of a geostatistical overview by Golder Associates (see release dated June 12, 2007) a full National Instrument 43-101 resource estimate was commissioned and an Exploration Target defined for this initial area drilled to date. The Exploration Target, at a cut-off 0.3 grams per tonne (g/t) gold, is from 35 to 40 million tonnes of open-pitable material at a grade of 0.76 to 0.80 g/t gold and 2.4 to 2.8 g/t silver, containing between 860,000 and 1,000,000 ounces of gold and 2.7 million to 3.6 million ounces of silver.
At a cut-off at 0.5 g/t gold, the Exploration Target is from 15 to 20 million tonnes of open-pitable material at a grade of 1.1 to 1.4 g/t gold and 3.0 to 3.4 g/t silver, containing from 530,000 to 900,000 ounces of gold and from 1.45 to 2.2 million ounces of silver.
The mineralization is still open in several directions and to depth and, at a later date, further resource extension drilling is planned. In the meantime, the focus is evaluating and advancing Kay Tanda as an open-pit, heap-leach operation. A mining engineer, Mr. Dallas Cox BE (Min), with a great deal of open-pit gold mining experience in the SW Pacific region, has been working on preliminary mine planning and scoping work. Accelerated community relations programs and environmental base line studies are being carried out.
AGATA NICKEL LATERITE
The Northern Nickel Laterite project is being fast-tracked towards production. Preliminary designs have been completed for the starter pit, the mine haul road and waste dumps. A suitable site for the ore stockpile at tidewater and wharf facility have been located. A scoping study is in progress.
Despite a recent softening in the LME nickel price, there remains demand for the nickel laterite material grading about 1.1% nickel and 40% iron. As disclosed in the company's July 13, 2007 press release, Mindoro's Exploration Target for the various laterite horizons in the Northern Laterite Project is as follows:
Combined ferruginous overburden, limonite and saprolite horizons: 50 to 60 million wet metric tonnes (WMT) at a grade of 0.9 to 1.1 percent nickel and 28 to 32 percent iron. This includes the following division of tonnage between the overburden/limonite horizon and the saprolite horizon:
- Combined ferruginous overburden and limonite horizons: 30 to 35 million WMT of material at a grade of 0.9 to 1.1 percent nickel and 40 to 44 percent iron.
- Underlying saprolite horizon: 20 to 25 million WMT of material at a grade of 1.0 to 1.4 percent nickel and 8 to 10 percent iron.
Mindoro management believes that Agata remains a very attractive project and has a target production date of the first half of 2008, with the objective of increasing annual production to one million wet metric tonnes by 2010. Agata has competitive advantages in that it is close to the coast (the haul road is 3.5 km) and just two days shipping to China. Mindoro will also be evaluating the option of raising cut-off grades and selectively mining and shipping higher grade material. However, Mindoro believes that even the lower grades, at around 1% nickel, justify moving the project towards production.
An area of nickel laterite mineralization has been identified in the south of the Agata Project (the Southern Nickel Laterite), located 1.5 km from the SR Metals Mine which is in operation and shipping nickel laterite ore to China.
COPPER-GOLD PROJECTS
Drilling at the Calo porphyry copper-gold prospect continues, and is currently on the seventh drill hole. Detailed drill target definition work is being carried out on multiple targets on the newly granted El Paso project, on the Archangel project, and elsewhere. Mindoro is discussing joint venture possibilities with several companies who have expressed interest in Mindoro's more than 20 copper-gold targets.
Programs are carried out under the supervision of Tony Climie, P.Geol., who is a qualified person as defined by National Instrument 43-101. Sample preparation and assaying is performed by McPhar Laboratory of Manila, an ISO 9001/2000 accredited laboratory. Gold assays were by 50 gm fire assay fusion; where gold assays greater than 3 ppm were by gravimetric finish, and by AAS where the gold values were less than that threshold. Silver was determined by AAS after an HCl-HNO3-HClO4 digest. Ni, Co, Fe, MgO and Al2O3 assays are performed by AAS after an HCl-HNO3-HClO4 digest, and SiO2 by gravimetric method. Normal Quality Control and Quality Assurance procedures are being carried out, using a system of duplicate, standard and blank samples.
The reader is cautioned that the potential quantity and grade of the Exploration Target described is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.
ABOUT MINDORO
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). The Company is carrying out three major drill programs: resource delineation and expansion drilling on the Kay Tanda epithermal gold-silver prospect where a NI 43-101 compliant resource estimate is in progress; reconnaissance drilling on the Calo porphyry copper-gold prospect; and advancing a significant nickel laterite prospect towards early production; in addition to holding another 22 identified porphyry copper-gold prospects in the Philippines.
This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Attention Business/Financial Editors:
Thompson Creek reports net income of US$56.8 million or 51 cents per share in Q2 2007
Shares outstanding: 112,961,000
TSX: TCM, TCM.WT
Frankfurt: A6R
TORONTO, Aug. 10 /CNW/ - Highlights (all in U.S. dollars):
- Revenues were $247.8 million in the second quarter and $515.8 million
in the first half of 2007.
- Net income was $56.8 million or $0.51 per basic and $0.45 per diluted
share in the second quarter and $104.5 million or $0.97 per basic and
$0.89 per diluted share in the first half.
- Debt was reduced by $50.4 million during the second quarter and by a
total of $133.5 million since the beginning of 2007. As at June 30,
2007, the principal outstanding on the First Lien Credit Facility was
$269.5 million and cash balances totaled $94.4 million.
- Average realized prices on molybdenum sales rose to $29.59 per pound
in the second quarter from $25.57 in the first quarter.
- At the Endako Mine, updated estimates of reserves announced in July
significantly extend the mine life to 27 years at current production
rates.
Note: Conference call and webcast for analysts and investors scheduled
for Monday, August 13, 2007 at 10:00 a.m. Eastern
Thompson Creek Metals Company Inc., one of the world's largest publicly
traded, pure molybdenum producers, today announced financial results for the
three and six months ended June 30, 2007 prepared in accordance with Canadian
generally accepted accounting principles. All dollar amounts are in U.S.
dollars unless otherwise indicated.
"We are pleased with the performance of all operations during the second
quarter," said Kevin Loughrey, President and Chief Executive Officer. "We
continue to execute on the business plan we set out after the acquisition last
October and we remain confident of continued strong molybdenum prices."
Thompson Creek's revenues totaled $247.8 million in the second quarter of
2007 and $515.8 million in the first half of the year. Second-quarter revenues
were positively affected by a 15.7% rise in the average price realized on the
Company's molybdenum sales between the first and second quarters of 2007. The
average realized price was $29.59 per pound in the second quarter versus
$25.57 per pound in the first quarter. No revenues were earned by Thompson
Creek in the first half of 2006 as it was in the development stage.
After the deduction of operating, selling, marketing, depreciation,
depletion and accretion costs, the Company generated substantial income from
mining operations totaling $192.2 million in the first half of the year.
Income from mining operations increased to $104.1 million in the second
quarter from $88.1 million in the first quarter of 2007.
Net income for the second quarter of 2007 was $56.8 million or $0.51 per
basic and $0.45 per diluted share, compared with a net loss of $2.9 million or
$0.06 per basic and diluted share a year earlier. The per-share figures are
based on a weighted-average number of shares outstanding of 111,224,000
(basic) and 126,371,000 (diluted) in the second quarter of 2007 and 48,418,000
(basic and diluted) a year earlier. At August 7, 2007 there were 112,961,000
shares outstanding.
Net income in the first half of 2007 was $104.5 million or $0.97 per
basic and $0.89 per diluted share, compared with a net loss of $5.3 million or
$0.11 per basic and diluted share a year earlier. The per-share figures are
based on a weighted-average number of shares outstanding of 107,258,000
(basic) and 117,609,000 (diluted) in the first half of 2007 and 46,628,000
(basic and diluted) a year earlier. Net income in the first half was
negatively affected by the inclusion in first-quarter operating expenses of
$29.6 million related to the inventory portion of the purchase price
adjustment associated with the Company's purchase of Thompson Creek Metals
Company USA in October 2006.
For the first half of 2007, cash flow from operating activities was
$105.4 million, compared with cash used of $6.4 million in the same period in
2006.
A substantial increase in product inventory and unusually high tax
payments were the main reasons for cash from operating activities being
significantly reduced to $0.4 million in the second quarter from
$105.1 million the first quarter of 2007. In particular, there was a
significant impact on cash from operating activities in the second quarter
from a $53.1 million increase in product inventory. This increase was
primarily the result of purchasing third-party concentrate at the higher
prevailing market prices and an increased volume of third-party purchased
inventory on hand at June 30, 2007. Another significant impact on cash from
operating activities was the $89.7 million payment of income and mining tax
installments in the second quarter of 2007. These amounts were much higher
than usual for a quarter due to the timing of annual and quarterly
installments and the prepayment of certain taxes to reduce interest costs.
Quarterly installments for U.S. income and mining taxes for the first and
second quarter of each year are due and payable during the second quarter of
each year. Tax installments related to the first quarter were $18.3 million.
The Company additionally paid $21.9 million as a result of prior under-funded
Canadian tax installments and prepaid $9 million in Canadian tax installments
to eliminate the non-deductible interest accrued on the under-funded tax
installments.
During the second quarter of 2007, the Company made payments of
$49.8 million to reduce its First Lien Credit Facility to $269.5 million on
June 30, 2007. This followed payments in the first quarter to reduce the First
Lien Credit Facility by $20.7 million to $319.3 million on March 31, 2007 and
to fully discharge the $61.9 million Second Lien Credit Facility.
Since the acquisition of mining and metallurgical operations in October
2006, the Company has used $194.0 million of cash to reduce debt by
$133.5 million and to pay the former owner $61.5 million in December 2006 for
certain receivables acquired on the acquisition date.
The Company is responsible for a future contingent payment to the former
owner of up to $125 million depending on the average price for molybdenum. If
the average price for molybdenum continues to exceed $25 per pound for the
remainder of 2007, the Company will be required to pay the former owner
$100 million of this contingent payment in January 2008. If the average price
for molybdenum exceeds $15 per pound in 2009, an additional $25 million will
be owed to the former owner in January 2010.
Cash balances were $94.4 million as at June 30, 2007 versus
$114.5 million on March 31, 2007 and $98.1 million as at December 31, 2006.
The Company's mines produced 4.5 million pounds of molybdenum at an
average production cost of $7.09 per pound in the second quarter of 2007. The
Thompson Creek Mine produced 2.4 million pounds at an average cost of $6.74
per pound. The Company's 75% share of the Endako Mine's production was
2.1 million pounds at an average cost of $7.48 per pound.
In the first half of 2007, the Company's mines produced 9.9 million
pounds of molybdenum at an average production cost of $6.27 per pound. The
Thompson Creek Mine produced 6.2 million pounds at an average production cost
of $5.36 per pound and the Company's 75% share of the Endako Mine's production
was 3.7 million pounds at an average cost of $7.80 per pound.
The cited amounts for the second quarter and first half reflect
molybdenum produced at the Thompson Creek and Endako mines but do not include
molybdenum purchased from third parties, roasted and sold by the Company. The
average costs reflect production costs, including roasting costs, for
molybdenum from the Thompson Creek and Endako mines but exclude deferred
stripping costs.
Outlook
Molybdenum production from the Thompson Creek Mine in the second quarter
was lower than historic levels and lower than planned for several reasons. The
mine is in a development stage, in between two phases of the mine plan. Until
the development of the next phase (Phase 6) is complete, the mine is producing
primarily from lower-grade stockpiled material. This material is difficult to
mill and has a lower grade than the Phase 6 ore. In addition, the development
work for Phase 6 has, earlier than expected, prevented access to exposed ore
at the bottom of the pit. It is anticipated that, as the year progresses, the
operations at the mine will continue to have improving access to the
higher-grade Phase 6 ore consistent with the existing mine plan. The Company
expects to be in full production from the new phase late in the fourth
quarter. However, for the last half of 2007, molybdenum production volumes
will be lower and unit costs will be higher than past periods.
The impact from lower production on the Company's third-quarter revenues
may be offset in part by the higher molybdenum prices being enjoyed recently.
The quoted price for molybdenum oxide rose to approximately $33 per pound on
average in June from an approximate average of $28 per pound in March and $25
per pound in January and February. Because of the normal one-month pricing lag
on the Company's sales, the Company did not begin to receive the highest
prices evident in June until its July deliveries. The price increase that
began in March has been generally sustained with the market price for
molybdenum oxide remaining above $30 per pound to date.
The Company previously announced that it was expecting to produce
21 million pounds of molybdenum in 2007 from its existing Thompson Creek and
Endako mines and, as higher grade ore is accessed at the mines, was planning
to increase production from these mines to 27 million pounds in 2008 and
29 million pounds in 2009. As a result of lower-than-expected ore grades and
the development of a new phase of the Thompson Creek Mine, the Company now
expects to produce slightly less than the previously announced forecast for
2007. The forecasts for 2008 and 2009 remain unchanged.
On July 10, 2007, the Company announced an updated estimate of ore
reserves and mine life for its Endako Mine. The updated reserves and mine life
were calculated by Wardrop Engineering Inc. to the specifications of the
Canadian Securities Administrators National Instrument 43-101 and in
accordance with the Canadian Institute of Mining Standards. Wardrop estimates
that the Endako Mine's reserves are 276 million tonnes of ore with an average
grade equivalent to 0.051% molybdenum (Mo) containing 310 million pounds of
molybdenum (75% of which are to Thompson Creeks's account). These reserves
consist of proven reserves of 112 million tonnes at an average grade
equivalent to 0.053% Mo and probable reserves of 164 million tonnes at an
average grade equivalent to 0.049% molybdenum. The estimates are based on an
assumed molybdenum price of $10 per pound and updated costs.
At the current milling rate of 10.2 million tonnes of ore per year,
Wardrop estimates Endako's mine life is 27 years, not including stockpile
material. The previous reserve estimates and mine plan extending to 2013 for
Endako assumed a long-term molybdenum price of $3.50 per pound and included
2.5 years of milling low-grade stockpile material. The Wardrop estimates are
based on an optimized model for the Endako deposit combining the existing
Endako, East Denak and West Denak pits into one "super pit".
The new reserves and mine life estimates at the Endako Mine were
estimated by Anoush Ebrahimi, P. Eng., of Wardrop Engineering Inc., a
qualified person as defined in National Instrument 43-101.
The Company has initiated a study to examine the feasibility of
increasing production at Endako by increasing mill processing capacity to
50,000 tonnes per day from the current average of 28,000 tonnes per day. The
study is expected to be completed by the end of 2007.
The Company is also developing a new mine plan for its Thompson Creek
Mine based on a re-evaluation of mineral reserves assuming a long-term
molybdenum price of $10 per pound and updated costs. The previous mine plan
had assumed a long-term price of $5 per pound. The new plan is expected to
significantly increase reserves and mine life when completed later this year.
A feasibility study of the Davidson Project is currently being prepared
by external consultants and is expected to be completed in 2007.
Additional information on the Company's financial position is available
in Thompson Creek's Financial Statements and Management's Discussion and
Analysis for the three and six months ended June 30, 2007, which will be filed
with SEDAR (www.sedar.com) and posted on the Company's website
(www.thompsoncreekmetals.com).
Conference call and webcast
Thompson Creek will hold a conference call for analysts and investors to
discuss its second-quarter 2007 financial results on Monday August 13, 2007 at
10 a.m. (Eastern).
Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief
Executive Officer, and Derek Price, Chief Financial Officer, will be available
to answer questions during the call.
To participate in the call, please dial 416-644-3419 or 1-800-731-6941
about five minutes prior to the start of the call.
A live audio webcast of the conference call will be available at
www.newswire.ca and www.thompsoncreekmetals.com.
An archived recording of the call will be available at 416-640-1917 or
1-877-289-8525 (Passcode 21243042 followed by the number sign) from 12:00 p.m.
on August 13 to 11:59 p.m. on August 20. An archived recording of the webcast
will also be available at Thompson Creek's website.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the timing and
amount of estimated future production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative variations) of
such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Thompson Creek and/or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 which is available on SEDAR at
www.sedar.com. Although Thompson Creek has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained
herein are made as of the date of this news release and Thompson Creek
disclaims any obligation to update any forward-looking statements, whether as
a result of new information, future events or results or otherwise. There can
be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Thompson Creek undertakes no obligation to
update forward-looking statements if circumstances or management's estimates
or opinions should change. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements.
Consolidated Balance Sheets
At June 30, 2007 and December 31, 2006
(US dollars in thousands - Unaudited)
June 30 December 31
2007 2006
Assets
Current assets
Cash and cash equivalents $ 94,353 $ 98,059
Accounts receivable 102,615 84,476
Product inventory 123,936 131,269
Material and supplies inventory 26,329 25,498
Prepaid expenses and other assets 3,250 3,015
Income and mining taxes recoverable 11,960 -
Future income and mining taxes 1,029 -
----------- -----------
363,472 342,317
Property, plant and equipment 487,372 480,187
Reclamation deposits 23,918 23,005
Restricted cash 9,766 8,081
Goodwill 102,725 46,322
----------- -----------
$ 987,253 $ 899,912
----------- -----------
----------- -----------
Liabilities
Current liabilities
Accounts payable and accrued liabilities $ 69,737 $ 38,794
Acquisition cost payable 50,000 -
Income and mining taxes payable - 29,407
Current portion of long-term debt 66,668 73,758
Future income and mining taxes 2,534 16,769
----------- -----------
188,939 158,728
Long-term debt 204,021 324,048
Asset retirement obligations 27,479 25,992
Sales contract liability 24,933 11,421
Severance and other liabilities 10,048 8,008
Future income and mining taxes 138,339 147,664
----------- -----------
593,759 675,861
----------- -----------
Shareholders' Equity
Common shares 257,726 210,857
Warrants 35,042 35,445
Contributed surplus 19,726 14,953
Retained earnings (deficit) 76,955 (27,579)
Accumulated other comprehensive income (loss) 4,045 (9,625)
----------- -----------
393,494 224,051
----------- -----------
$ 987,253 $ 899,912
----------- -----------
----------- -----------
Consolidated Statements of Income (Loss)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars and share amounts in thousands, except per share amounts -
Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Revenues
Molybdenum sales $ 241,255 $ - $ 501,990 $ -
Tolling and calcining 6,529 - 13,761 -
---------- ---------- ---------- ----------
247,784 - 515,751 -
---------- ---------- ---------- ----------
Cost of sales
Operating expenses 127,807 - 289,574 -
Selling and marketing 3,488 - 5,088 -
Depreciation and depletion 11,970 - 28,052 -
Accretion 393 - 830 -
---------- ---------- ---------- ----------
143,658 - 323,544 -
---------- ---------- ---------- ----------
Income from mining operations 104,126 - 192,207 -
Other expenses (income)
General and administrative 3,672 578 6,780 982
Exploration and development 2,364 2,336 4,231 4,588
Interest and finance fees 9,670 - 27,538 -
Unrealized gain on other
derivative instruments (590) - (1,388) -
Stock-based compensation 5,810 - 8,428 496
Interest income (2,263) (59) (4,163) (104)
Other 2,479 - 2,773 (6)
---------- ---------- ---------- ----------
21,142 2,855 44,199 5,956
---------- ---------- ---------- ----------
Income (loss) before taxes 82,984 (2,855) 148,008 (5,956)
Income and mining taxes
(recoverable)
Current 33,977 - 71,826 -
Future (7,792) - (28,352) (620)
---------- ---------- ---------- ----------
26,185 - 43,474 (620)
---------- ---------- ---------- ----------
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net income (loss) per share
Basic $ 0.51 $ (0.06) $ 0.97 $ (0.11)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Diluted $ 0.45 $ (0.06) $ 0.89 $ (0.11)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Cash Flows
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Operating Activities
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
Items not affecting cash
Depreciation and depletion 11,970 - 28,052 -
Accretion 393 - 830 -
Amortization of finance fees 1,633 - 6,417 -
Unrealized gain on other
derivative instruments (590) - (1,388) -
Stock-based compensation 5,810 - 8,428 496
Future income and mining
taxes (7,792) - (28,352) (620)
Gain on sale of marketable
securities - - - (6)
Change in non cash working
capital (67,864) 105 (13,103) (957)
---------- ---------- ---------- ----------
Cash generated by (used
in) operating activities 359 (2,750) 105,418 (6,423)
---------- ---------- ---------- ----------
Investing Activities
Property, plant and equipment (3,036) (444) (5,638) (444)
Deferred stripping costs (8,767) - (15,620) -
Restricted cash (960) (191) (1,397) (235)
Reclamation deposits (242) - (764) -
Proceeds from disposition of
marketable securities - - - 26
---------- ---------- ---------- ----------
Cash used in investing
activities (13,005) (635) (23,419) (653)
---------- ---------- ---------- ----------
Financing Activities
Proceeds from issue of
common shares 38,541 3,430 43,712 5,565
Long-term debt repayments (50,353) - (133,534) -
---------- ---------- ---------- ----------
Cash provided by (used
in) financing activities (11,812) 3,430 (89,822) 5,565
---------- ---------- ---------- ----------
Effect of exchange rate
changes on cash and cash
equivalents 4,299 45 4,117 (48)
---------- ---------- ---------- ----------
Increase (decrease) in cash
and cash equivalents (20,159) 90 (3,706) (1,559)
Cash and cash equivalents,
beginning of period 114,512 5,266 98,059 6,915
---------- ---------- ---------- ----------
Cash and cash equivalents,
end of period $ 94,353 $ 5,356 $ 94,353 $ 5,356
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Retained Earnings (Deficit)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Retained earnings (deficit),
beginning of period $ 20,156 $ (9,417) $ (27,579) $ (6,936)
Net income (loss) 56,799 (2,855) 104,534 (5,336)
---------- ---------- ---------- ----------
Retained earnings (deficit),
end of period $ 76,955 $ (12,272) $ 76,955 $ (12,272)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Comprehensive Income (Loss)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
Other comprehensive income
(loss)
Foreign currency
translation adjustment 14,157 (114) 13,670 (214)
---------- ---------- ---------- ----------
Comprehensive income (loss) $ 70,956 $ (2,969) $ 118,204 $ (5,550)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Thompson Creek reports net income of US$56.8 million or 51 cents per share in Q2 2007
Shares outstanding: 112,961,000
TSX: TCM, TCM.WT
Frankfurt: A6R
TORONTO, Aug. 10 /CNW/ - Highlights (all in U.S. dollars):
- Revenues were $247.8 million in the second quarter and $515.8 million
in the first half of 2007.
- Net income was $56.8 million or $0.51 per basic and $0.45 per diluted
share in the second quarter and $104.5 million or $0.97 per basic and
$0.89 per diluted share in the first half.
- Debt was reduced by $50.4 million during the second quarter and by a
total of $133.5 million since the beginning of 2007. As at June 30,
2007, the principal outstanding on the First Lien Credit Facility was
$269.5 million and cash balances totaled $94.4 million.
- Average realized prices on molybdenum sales rose to $29.59 per pound
in the second quarter from $25.57 in the first quarter.
- At the Endako Mine, updated estimates of reserves announced in July
significantly extend the mine life to 27 years at current production
rates.
Note: Conference call and webcast for analysts and investors scheduled
for Monday, August 13, 2007 at 10:00 a.m. Eastern
Thompson Creek Metals Company Inc., one of the world's largest publicly
traded, pure molybdenum producers, today announced financial results for the
three and six months ended June 30, 2007 prepared in accordance with Canadian
generally accepted accounting principles. All dollar amounts are in U.S.
dollars unless otherwise indicated.
"We are pleased with the performance of all operations during the second
quarter," said Kevin Loughrey, President and Chief Executive Officer. "We
continue to execute on the business plan we set out after the acquisition last
October and we remain confident of continued strong molybdenum prices."
Thompson Creek's revenues totaled $247.8 million in the second quarter of
2007 and $515.8 million in the first half of the year. Second-quarter revenues
were positively affected by a 15.7% rise in the average price realized on the
Company's molybdenum sales between the first and second quarters of 2007. The
average realized price was $29.59 per pound in the second quarter versus
$25.57 per pound in the first quarter. No revenues were earned by Thompson
Creek in the first half of 2006 as it was in the development stage.
After the deduction of operating, selling, marketing, depreciation,
depletion and accretion costs, the Company generated substantial income from
mining operations totaling $192.2 million in the first half of the year.
Income from mining operations increased to $104.1 million in the second
quarter from $88.1 million in the first quarter of 2007.
Net income for the second quarter of 2007 was $56.8 million or $0.51 per
basic and $0.45 per diluted share, compared with a net loss of $2.9 million or
$0.06 per basic and diluted share a year earlier. The per-share figures are
based on a weighted-average number of shares outstanding of 111,224,000
(basic) and 126,371,000 (diluted) in the second quarter of 2007 and 48,418,000
(basic and diluted) a year earlier. At August 7, 2007 there were 112,961,000
shares outstanding.
Net income in the first half of 2007 was $104.5 million or $0.97 per
basic and $0.89 per diluted share, compared with a net loss of $5.3 million or
$0.11 per basic and diluted share a year earlier. The per-share figures are
based on a weighted-average number of shares outstanding of 107,258,000
(basic) and 117,609,000 (diluted) in the first half of 2007 and 46,628,000
(basic and diluted) a year earlier. Net income in the first half was
negatively affected by the inclusion in first-quarter operating expenses of
$29.6 million related to the inventory portion of the purchase price
adjustment associated with the Company's purchase of Thompson Creek Metals
Company USA in October 2006.
For the first half of 2007, cash flow from operating activities was
$105.4 million, compared with cash used of $6.4 million in the same period in
2006.
A substantial increase in product inventory and unusually high tax
payments were the main reasons for cash from operating activities being
significantly reduced to $0.4 million in the second quarter from
$105.1 million the first quarter of 2007. In particular, there was a
significant impact on cash from operating activities in the second quarter
from a $53.1 million increase in product inventory. This increase was
primarily the result of purchasing third-party concentrate at the higher
prevailing market prices and an increased volume of third-party purchased
inventory on hand at June 30, 2007. Another significant impact on cash from
operating activities was the $89.7 million payment of income and mining tax
installments in the second quarter of 2007. These amounts were much higher
than usual for a quarter due to the timing of annual and quarterly
installments and the prepayment of certain taxes to reduce interest costs.
Quarterly installments for U.S. income and mining taxes for the first and
second quarter of each year are due and payable during the second quarter of
each year. Tax installments related to the first quarter were $18.3 million.
The Company additionally paid $21.9 million as a result of prior under-funded
Canadian tax installments and prepaid $9 million in Canadian tax installments
to eliminate the non-deductible interest accrued on the under-funded tax
installments.
During the second quarter of 2007, the Company made payments of
$49.8 million to reduce its First Lien Credit Facility to $269.5 million on
June 30, 2007. This followed payments in the first quarter to reduce the First
Lien Credit Facility by $20.7 million to $319.3 million on March 31, 2007 and
to fully discharge the $61.9 million Second Lien Credit Facility.
Since the acquisition of mining and metallurgical operations in October
2006, the Company has used $194.0 million of cash to reduce debt by
$133.5 million and to pay the former owner $61.5 million in December 2006 for
certain receivables acquired on the acquisition date.
The Company is responsible for a future contingent payment to the former
owner of up to $125 million depending on the average price for molybdenum. If
the average price for molybdenum continues to exceed $25 per pound for the
remainder of 2007, the Company will be required to pay the former owner
$100 million of this contingent payment in January 2008. If the average price
for molybdenum exceeds $15 per pound in 2009, an additional $25 million will
be owed to the former owner in January 2010.
Cash balances were $94.4 million as at June 30, 2007 versus
$114.5 million on March 31, 2007 and $98.1 million as at December 31, 2006.
The Company's mines produced 4.5 million pounds of molybdenum at an
average production cost of $7.09 per pound in the second quarter of 2007. The
Thompson Creek Mine produced 2.4 million pounds at an average cost of $6.74
per pound. The Company's 75% share of the Endako Mine's production was
2.1 million pounds at an average cost of $7.48 per pound.
In the first half of 2007, the Company's mines produced 9.9 million
pounds of molybdenum at an average production cost of $6.27 per pound. The
Thompson Creek Mine produced 6.2 million pounds at an average production cost
of $5.36 per pound and the Company's 75% share of the Endako Mine's production
was 3.7 million pounds at an average cost of $7.80 per pound.
The cited amounts for the second quarter and first half reflect
molybdenum produced at the Thompson Creek and Endako mines but do not include
molybdenum purchased from third parties, roasted and sold by the Company. The
average costs reflect production costs, including roasting costs, for
molybdenum from the Thompson Creek and Endako mines but exclude deferred
stripping costs.
Outlook
Molybdenum production from the Thompson Creek Mine in the second quarter
was lower than historic levels and lower than planned for several reasons. The
mine is in a development stage, in between two phases of the mine plan. Until
the development of the next phase (Phase 6) is complete, the mine is producing
primarily from lower-grade stockpiled material. This material is difficult to
mill and has a lower grade than the Phase 6 ore. In addition, the development
work for Phase 6 has, earlier than expected, prevented access to exposed ore
at the bottom of the pit. It is anticipated that, as the year progresses, the
operations at the mine will continue to have improving access to the
higher-grade Phase 6 ore consistent with the existing mine plan. The Company
expects to be in full production from the new phase late in the fourth
quarter. However, for the last half of 2007, molybdenum production volumes
will be lower and unit costs will be higher than past periods.
The impact from lower production on the Company's third-quarter revenues
may be offset in part by the higher molybdenum prices being enjoyed recently.
The quoted price for molybdenum oxide rose to approximately $33 per pound on
average in June from an approximate average of $28 per pound in March and $25
per pound in January and February. Because of the normal one-month pricing lag
on the Company's sales, the Company did not begin to receive the highest
prices evident in June until its July deliveries. The price increase that
began in March has been generally sustained with the market price for
molybdenum oxide remaining above $30 per pound to date.
The Company previously announced that it was expecting to produce
21 million pounds of molybdenum in 2007 from its existing Thompson Creek and
Endako mines and, as higher grade ore is accessed at the mines, was planning
to increase production from these mines to 27 million pounds in 2008 and
29 million pounds in 2009. As a result of lower-than-expected ore grades and
the development of a new phase of the Thompson Creek Mine, the Company now
expects to produce slightly less than the previously announced forecast for
2007. The forecasts for 2008 and 2009 remain unchanged.
On July 10, 2007, the Company announced an updated estimate of ore
reserves and mine life for its Endako Mine. The updated reserves and mine life
were calculated by Wardrop Engineering Inc. to the specifications of the
Canadian Securities Administrators National Instrument 43-101 and in
accordance with the Canadian Institute of Mining Standards. Wardrop estimates
that the Endako Mine's reserves are 276 million tonnes of ore with an average
grade equivalent to 0.051% molybdenum (Mo) containing 310 million pounds of
molybdenum (75% of which are to Thompson Creeks's account). These reserves
consist of proven reserves of 112 million tonnes at an average grade
equivalent to 0.053% Mo and probable reserves of 164 million tonnes at an
average grade equivalent to 0.049% molybdenum. The estimates are based on an
assumed molybdenum price of $10 per pound and updated costs.
At the current milling rate of 10.2 million tonnes of ore per year,
Wardrop estimates Endako's mine life is 27 years, not including stockpile
material. The previous reserve estimates and mine plan extending to 2013 for
Endako assumed a long-term molybdenum price of $3.50 per pound and included
2.5 years of milling low-grade stockpile material. The Wardrop estimates are
based on an optimized model for the Endako deposit combining the existing
Endako, East Denak and West Denak pits into one "super pit".
The new reserves and mine life estimates at the Endako Mine were
estimated by Anoush Ebrahimi, P. Eng., of Wardrop Engineering Inc., a
qualified person as defined in National Instrument 43-101.
The Company has initiated a study to examine the feasibility of
increasing production at Endako by increasing mill processing capacity to
50,000 tonnes per day from the current average of 28,000 tonnes per day. The
study is expected to be completed by the end of 2007.
The Company is also developing a new mine plan for its Thompson Creek
Mine based on a re-evaluation of mineral reserves assuming a long-term
molybdenum price of $10 per pound and updated costs. The previous mine plan
had assumed a long-term price of $5 per pound. The new plan is expected to
significantly increase reserves and mine life when completed later this year.
A feasibility study of the Davidson Project is currently being prepared
by external consultants and is expected to be completed in 2007.
Additional information on the Company's financial position is available
in Thompson Creek's Financial Statements and Management's Discussion and
Analysis for the three and six months ended June 30, 2007, which will be filed
with SEDAR (www.sedar.com) and posted on the Company's website
(www.thompsoncreekmetals.com).
Conference call and webcast
Thompson Creek will hold a conference call for analysts and investors to
discuss its second-quarter 2007 financial results on Monday August 13, 2007 at
10 a.m. (Eastern).
Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief
Executive Officer, and Derek Price, Chief Financial Officer, will be available
to answer questions during the call.
To participate in the call, please dial 416-644-3419 or 1-800-731-6941
about five minutes prior to the start of the call.
A live audio webcast of the conference call will be available at
www.newswire.ca and www.thompsoncreekmetals.com.
An archived recording of the call will be available at 416-640-1917 or
1-877-289-8525 (Passcode 21243042 followed by the number sign) from 12:00 p.m.
on August 13 to 11:59 p.m. on August 20. An archived recording of the webcast
will also be available at Thompson Creek's website.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the timing and
amount of estimated future production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative variations) of
such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Thompson Creek and/or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 which is available on SEDAR at
www.sedar.com. Although Thompson Creek has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained
herein are made as of the date of this news release and Thompson Creek
disclaims any obligation to update any forward-looking statements, whether as
a result of new information, future events or results or otherwise. There can
be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Thompson Creek undertakes no obligation to
update forward-looking statements if circumstances or management's estimates
or opinions should change. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements.
Consolidated Balance Sheets
At June 30, 2007 and December 31, 2006
(US dollars in thousands - Unaudited)
June 30 December 31
2007 2006
Assets
Current assets
Cash and cash equivalents $ 94,353 $ 98,059
Accounts receivable 102,615 84,476
Product inventory 123,936 131,269
Material and supplies inventory 26,329 25,498
Prepaid expenses and other assets 3,250 3,015
Income and mining taxes recoverable 11,960 -
Future income and mining taxes 1,029 -
----------- -----------
363,472 342,317
Property, plant and equipment 487,372 480,187
Reclamation deposits 23,918 23,005
Restricted cash 9,766 8,081
Goodwill 102,725 46,322
----------- -----------
$ 987,253 $ 899,912
----------- -----------
----------- -----------
Liabilities
Current liabilities
Accounts payable and accrued liabilities $ 69,737 $ 38,794
Acquisition cost payable 50,000 -
Income and mining taxes payable - 29,407
Current portion of long-term debt 66,668 73,758
Future income and mining taxes 2,534 16,769
----------- -----------
188,939 158,728
Long-term debt 204,021 324,048
Asset retirement obligations 27,479 25,992
Sales contract liability 24,933 11,421
Severance and other liabilities 10,048 8,008
Future income and mining taxes 138,339 147,664
----------- -----------
593,759 675,861
----------- -----------
Shareholders' Equity
Common shares 257,726 210,857
Warrants 35,042 35,445
Contributed surplus 19,726 14,953
Retained earnings (deficit) 76,955 (27,579)
Accumulated other comprehensive income (loss) 4,045 (9,625)
----------- -----------
393,494 224,051
----------- -----------
$ 987,253 $ 899,912
----------- -----------
----------- -----------
Consolidated Statements of Income (Loss)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars and share amounts in thousands, except per share amounts -
Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Revenues
Molybdenum sales $ 241,255 $ - $ 501,990 $ -
Tolling and calcining 6,529 - 13,761 -
---------- ---------- ---------- ----------
247,784 - 515,751 -
---------- ---------- ---------- ----------
Cost of sales
Operating expenses 127,807 - 289,574 -
Selling and marketing 3,488 - 5,088 -
Depreciation and depletion 11,970 - 28,052 -
Accretion 393 - 830 -
---------- ---------- ---------- ----------
143,658 - 323,544 -
---------- ---------- ---------- ----------
Income from mining operations 104,126 - 192,207 -
Other expenses (income)
General and administrative 3,672 578 6,780 982
Exploration and development 2,364 2,336 4,231 4,588
Interest and finance fees 9,670 - 27,538 -
Unrealized gain on other
derivative instruments (590) - (1,388) -
Stock-based compensation 5,810 - 8,428 496
Interest income (2,263) (59) (4,163) (104)
Other 2,479 - 2,773 (6)
---------- ---------- ---------- ----------
21,142 2,855 44,199 5,956
---------- ---------- ---------- ----------
Income (loss) before taxes 82,984 (2,855) 148,008 (5,956)
Income and mining taxes
(recoverable)
Current 33,977 - 71,826 -
Future (7,792) - (28,352) (620)
---------- ---------- ---------- ----------
26,185 - 43,474 (620)
---------- ---------- ---------- ----------
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net income (loss) per share
Basic $ 0.51 $ (0.06) $ 0.97 $ (0.11)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Diluted $ 0.45 $ (0.06) $ 0.89 $ (0.11)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Cash Flows
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Operating Activities
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
Items not affecting cash
Depreciation and depletion 11,970 - 28,052 -
Accretion 393 - 830 -
Amortization of finance fees 1,633 - 6,417 -
Unrealized gain on other
derivative instruments (590) - (1,388) -
Stock-based compensation 5,810 - 8,428 496
Future income and mining
taxes (7,792) - (28,352) (620)
Gain on sale of marketable
securities - - - (6)
Change in non cash working
capital (67,864) 105 (13,103) (957)
---------- ---------- ---------- ----------
Cash generated by (used
in) operating activities 359 (2,750) 105,418 (6,423)
---------- ---------- ---------- ----------
Investing Activities
Property, plant and equipment (3,036) (444) (5,638) (444)
Deferred stripping costs (8,767) - (15,620) -
Restricted cash (960) (191) (1,397) (235)
Reclamation deposits (242) - (764) -
Proceeds from disposition of
marketable securities - - - 26
---------- ---------- ---------- ----------
Cash used in investing
activities (13,005) (635) (23,419) (653)
---------- ---------- ---------- ----------
Financing Activities
Proceeds from issue of
common shares 38,541 3,430 43,712 5,565
Long-term debt repayments (50,353) - (133,534) -
---------- ---------- ---------- ----------
Cash provided by (used
in) financing activities (11,812) 3,430 (89,822) 5,565
---------- ---------- ---------- ----------
Effect of exchange rate
changes on cash and cash
equivalents 4,299 45 4,117 (48)
---------- ---------- ---------- ----------
Increase (decrease) in cash
and cash equivalents (20,159) 90 (3,706) (1,559)
Cash and cash equivalents,
beginning of period 114,512 5,266 98,059 6,915
---------- ---------- ---------- ----------
Cash and cash equivalents,
end of period $ 94,353 $ 5,356 $ 94,353 $ 5,356
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Retained Earnings (Deficit)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Retained earnings (deficit),
beginning of period $ 20,156 $ (9,417) $ (27,579) $ (6,936)
Net income (loss) 56,799 (2,855) 104,534 (5,336)
---------- ---------- ---------- ----------
Retained earnings (deficit),
end of period $ 76,955 $ (12,272) $ 76,955 $ (12,272)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Consolidated Statements of Comprehensive Income (Loss)
Three and Six Months Ended June 30, 2007 and 2006
(US dollars in thousands - Unaudited)
Three months ended Six months ended
June 30 June 30
2007 2006 2007 2006
Net income (loss) $ 56,799 $ (2,855) $ 104,534 $ (5,336)
Other comprehensive income
(loss)
Foreign currency
translation adjustment 14,157 (114) 13,670 (214)
---------- ---------- ---------- ----------
Comprehensive income (loss) $ 70,956 $ (2,969) $ 118,204 $ (5,550)
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
hallo duke
könntest du deine einschätzung zu den gestern veröffentlichten
ergebnissen hier einstellen. gewinnschätzungen wurden ja deutlich
übertroffen. was die märkte daraus machen, hat man die letzten
tage bei etlichen DAX und MDAX werten gesehen. Sie wurden teilweise
extrem abverkauft (sell on good news)
bei WO werden die ergebnisse überwiegend sehr positiv aufgenommen.
könntest du deine einschätzung zu den gestern veröffentlichten
ergebnissen hier einstellen. gewinnschätzungen wurden ja deutlich
übertroffen. was die märkte daraus machen, hat man die letzten
tage bei etlichen DAX und MDAX werten gesehen. Sie wurden teilweise
extrem abverkauft (sell on good news)
bei WO werden die ergebnisse überwiegend sehr positiv aufgenommen.
Zunächst einmal gehen ich davon aus, dass alle Rohstoffe im Preis stark ansteigen werden,- bis Mitte 2008.
Bei Thompson Creek handelt es sich um einen Rohstoffwert und bei Moly gehen ich ebenfalls davon aus, dass alte Höchststände erreicht bzw. übertroffen werden. Grund: Massiver Bauboom in den arabischen Ländern und in Asien, und Moly wird hier verstärkt zur Stahlhärtung herangezogen.Stahlboom generell,siehe Aussagen Thyssen etc...
Die Zahlen sind hier natürlich gerade in einem schwierigen Börsenumfeld präsentiert worden,- aber:
Produktionskosten Pfund Moly 7,20$!! Fette Reduzierung der Kreditlinien!!
Der interessante Teil ist, dass man die Molyproduktion für 2008 um 25% erhöhen will. Die eigene Mine wird in Produktion gebracht!! Ein Zukauf beflügelt die weitere Phantasie.
Für die 2te Hälfte 2007 wird die Produktion durch das Abbauen niedriger Grades zwar etwas heruntergefahren, aber 2008 Full Speed.
Fazit: Die Zahlen sind erste Sahne, Enorme Phantasie durch eine Übernahme um selber nicht übernommen zu werden( dazu muss der Preis je Aktie oben bleiben und steigen).
Die Bilanzsituation wird immer besser, durch vorzeitiges Zurückzahlen.
2008 25% Produktionerhöhung. Darüberhinaus ist ja noch eine Machbarkeitsstudie bis Ende des Jahres
in Auftrag die eigene Davidsson Mine in Produktion zu bringen, neue Resourcenschätzungen etc.
Das ist hier noch garnicht drin!!!
Also in dem Teil ist soviel Phantasie, dass ich bis Ende 2008 von einem sehr deutlichen Preisanstieg
bei der Aktie ausgehe. Risiko: Molypreis, Übernahme durch einen Konkurrenten.
Der Wert ist immernoch stark unterbewertet!!
8)
Bei Thompson Creek handelt es sich um einen Rohstoffwert und bei Moly gehen ich ebenfalls davon aus, dass alte Höchststände erreicht bzw. übertroffen werden. Grund: Massiver Bauboom in den arabischen Ländern und in Asien, und Moly wird hier verstärkt zur Stahlhärtung herangezogen.Stahlboom generell,siehe Aussagen Thyssen etc...
Die Zahlen sind hier natürlich gerade in einem schwierigen Börsenumfeld präsentiert worden,- aber:
Produktionskosten Pfund Moly 7,20$!! Fette Reduzierung der Kreditlinien!!
Der interessante Teil ist, dass man die Molyproduktion für 2008 um 25% erhöhen will. Die eigene Mine wird in Produktion gebracht!! Ein Zukauf beflügelt die weitere Phantasie.
Für die 2te Hälfte 2007 wird die Produktion durch das Abbauen niedriger Grades zwar etwas heruntergefahren, aber 2008 Full Speed.
Fazit: Die Zahlen sind erste Sahne, Enorme Phantasie durch eine Übernahme um selber nicht übernommen zu werden( dazu muss der Preis je Aktie oben bleiben und steigen).
Die Bilanzsituation wird immer besser, durch vorzeitiges Zurückzahlen.
2008 25% Produktionerhöhung. Darüberhinaus ist ja noch eine Machbarkeitsstudie bis Ende des Jahres
in Auftrag die eigene Davidsson Mine in Produktion zu bringen, neue Resourcenschätzungen etc.
Das ist hier noch garnicht drin!!!
Also in dem Teil ist soviel Phantasie, dass ich bis Ende 2008 von einem sehr deutlichen Preisanstieg
bei der Aktie ausgehe. Risiko: Molypreis, Übernahme durch einen Konkurrenten.
Der Wert ist immernoch stark unterbewertet!!
8)
Eine Sache, die ebenfalls wichtig ist: Die Nachricht kam nachbörslich, Montag ist die Telephonkonferenz!
Beim Ceo Steve Jobs von Apple, hiess es am Schluss immer: ´One more thing`, und dann wurde
ein Kaninchen aus dem Hut gezaubert.
Ian MacDonald hat sich dieses Prinzip abgeschaut, dem letzten Mal
wars es die Übernahme der Endako Mine!!
Auf Stockhouse ist man schwer beeindruckt!!!
Beim Ceo Steve Jobs von Apple, hiess es am Schluss immer: ´One more thing`, und dann wurde
ein Kaninchen aus dem Hut gezaubert.
Ian MacDonald hat sich dieses Prinzip abgeschaut, dem letzten Mal
wars es die Übernahme der Endako Mine!!
Auf Stockhouse ist man schwer beeindruckt!!!
- Status
