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Thompson Creek announces second-quarter 2008 financial results (PR Newswire)

Thursday August 7, 6:50 pm ET Frankfurt: A6R TORONTO, Aug. 7 /PRNewswire-FirstCall/ - Overview (all in U.S. dollars): - Operations at both the Thompson Creek Mine and Endako Mine continued to perform well during the second quarter of 2008 with overall production volumes higher and unit costs lower than management's expectations. - Molybdenum production rose 10.7% to 6.2 million pounds in the second quarter from 5.6 million pounds in the first quarter of 2008. Second-quarter production was up 37.7% from 4.5 million pounds in the second quarter of 2007. - The Company remains on track to achieve its previously announced production guidance of between 23 and 24.5 million pounds in 2008 and in excess of 34 million pounds in 2009. - Net income in the second quarter rose 29.1% to $60.4 million from $46.8 million in the first quarter... [read full story]                    

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