Thompson Creek writes down $530m of Endako mine

By Business in Vancouver

Thompson Creek Metals Company Inc. (TSX:TCM; NYSE:TC) has written down $530.5 million of the value of its Endako molybdenum mine in B.C.’s northern interior.

The Colorado-based diversified miner released its fourth-quarter 2012 results and 2012 annual results yesterday. The company posted a fourth-quarter net loss of …read more
Source: Mining.com- Copper News