Past year: ▲ 0%(99.0c – 99.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2010material agreement● Neutral
Thompson Creek and Royal Gold agreed on August 16, 2010 to a revised form of the Mt. Milligan gold stream purchase and sale agreement. Among other changes, it sets out Royal Gold's collateral in the project and its priority, and how Royal Gold would sign an intercreditor agreement for future Thompson Creek financing secured by Mt. Milligan. This continues the July deal; the filing gives no change to the price or terms.
21 July 2010capital raising announcement● NeutralMajor
Thompson Creek agreed on July 15, 2010 to buy Terrane Metals Corp., owner of the Mt. Milligan copper-gold project, for about C$650 million (about C$413 million cash plus about 23.9 million new Thompson Creek shares). Each Terrane share gets C$0.90 cash and 0.052 of a Thompson Creek share, so existing shareholders will be diluted by the new shares. Alongside it, Royal Gold would buy 25% of Mt. Milligan's payable gold for $311.5 million in staged payments ($226.5 million at closing, $85.0 million during construction) plus a per-ounce payment of the lesser of $400 or market price for the first 550,000 ounces ($450 after that). The deal needs a 66 2/3% Terrane shareholder vote (expected September 2010), BC court approval and Canadian regulatory approvals, and Goldcorp (about 58% of Terrane's votes) has agreed to vote in favour.
26 Nov 2007listing compliance notice▲ GoodMajor
the New York Stock Exchange certified Thompson Creek Metals Co Inc.'s securities for listing, clearing them to begin trading.
