5 Mar 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CFO Pamela L Saxton received 33,900 shares and a 75,000-share option grant as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Mar 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. director James P Geyer received 17,025 shares as part of the equity award.
27 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CCO Wilson Mark Arthur bought 3,000 shares on the open market at $3.22.
26 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CFO Pamela L Saxton had 1,793 shares withheld for taxes on vesting stock.
26 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. VP, GC and Secretary Cassity Wendy had 1,199 shares withheld for taxes on vesting stock.
26 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CCO Wilson Mark Arthur had 1,602 shares withheld for taxes on vesting stock.
26 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. Chief Executive Officer Loughrey Kevin had 3,812 shares withheld for taxes on vesting stock.
26 Feb 2013director interest notice● Neutral
Thompson Creek Metals Co Inc. President and COO Shellhaas S Scott had 2,411 shares withheld for taxes on vesting stock.
25 Feb 2013quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $108.7 million and net income of $900 thousand for the period ended 2013-03-31.
14 Feb 2013substantial holder notice● Neutral
Kevin Douglas, Michelle Douglas, James E. Douglas, III reported a Thompson Creek Metals Co Inc. shareholding of 12,011,855 shares (7.10% of votes) in a periodic institutional filing.
11 Feb 2013substantial holder notice● Neutral
Mackenzie Financial Corporation disclosed a new substantial Thompson Creek Metals Co Inc. shareholding (7.97% of votes).
21 Dec 2012director interest notice● Neutral
Wilson Mark Arthur became a Thompson Creek Metals Co Inc. Executive VP and CCO and company insider (initial ownership filing).
21 Dec 2012director interest notice● Neutral
Thompson Creek Metals Co Inc. VP, GC and Secretary Cassity Wendy bought 1,250 shares on the open market at $3.74.
30 Nov 2012director interest notice● Neutral
Thompson Creek Metals Co Inc. Chief Executive Officer Loughrey Kevin bought 20,000 shares on the open market at $2.86.
29 Nov 2012director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CCO Wilson Mark Arthur bought 3,200 shares on the open market at $2.66.
28 Nov 2012material agreement● NeutralMajor
The $350M 9.75% Senior Secured First Priority Notes due 2017 closed on November 27, 2012, as expected. They are secured by a first-priority lien on substantially all of the company's and its guarantor subsidiaries' assets, and are not convertible into shares. The press release says proceeds are for general corporate purposes, including Mt. Milligan capital spending, and that the company terminated its revolving credit facility, with no debt outstanding under it.
20 Nov 2012material agreement● NeutralMajor
The company and its subsidiary guarantors signed an underwriting agreement with Deutsche Bank Securities for $350M of 9.75% Senior Secured First Priority Notes due 2017, expected to close November 27, 2012. This is new secured debt on top of the 2018 and 2019 notes; the filing does not state how the proceeds will be used.
20 Nov 2012securities registration● Neutral
Thompson Creek Metals Co Inc. filed the final prospectus for a registered offering.
16 Nov 2012securities registration● Neutral
Thompson Creek Metals Co Inc. filed a free-writing prospectus - marketing material for an offering in progress.
16 Nov 2012securities registration● Neutral
Thompson Creek Metals Co Inc. filed a free-writing prospectus - marketing material for an offering in progress.
13 Nov 2012securities registration● Neutral
Thompson Creek Metals Co Inc. filed a prospectus supplement for an offering off its existing shelf.
9 Nov 2012quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $99.4 million for the period ended 2012-12-31.
9 Nov 2012quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $99.4 million for the period ended 2012-12-31.
4 Oct 2012debt financing● Neutral
The company ended a 2004 employee severance plan on September 30, 2012 and agreed to pay participants their accrued amounts on the earlier of October 15, 2013 or their leaving the company. It expects to pay about $14M in cash, about $9M of which was already set aside, and to book a charge of about $2M in the third quarter of 2012.
21 Sept 2012substantial holder notice● Neutral
Kevin Douglas, Michelle Douglas, James E. Douglas, III disclosed a new substantial Thompson Creek Metals Co Inc. shareholding (5.00% of votes).
17 Aug 2012material agreement▲ Good
Terrane signed a third Mt. Milligan concentrate sales agreement, with Glencore Ltd.: 30% of annual production (capped at 40,000 dry metric tons) in the first partial and first full years, then about 40,000 dry metric tons a year for two years, starting at commercial production. This adds to the LS-Nikko and Louis Dreyfus agreements signed in June.
13 Aug 2012asset acquisition disposition▲ GoodMajor
The company completed a further sale to Royal Gold of 12.25% of Mt. Milligan's refined gold for $200M (plus $435 per ounce or the market price if lower), bringing Royal Gold's total to 52.25% of the mine's refined gold and its total investment to $781.5M, up from $581.5M. Proceeds are intended for Mt. Milligan construction. The same day the banks signed a fifth revolver amendment that removed the senior secured leverage test, raised the minimum liquidity requirement from $75M to $100M, and added a minimum quarterly EBITDA test from Q4 2012; the press release says the company no longer expects to breach the credit agreement at September 30, 2012. The filing also caps Mt. Milligan-secured debt at $350M until a gold-delivery or price-difference threshold is met. Note: the payment schedule in the filing has date typos (it lists March and June 1, 2012, which the context suggests mean 2013).
9 Aug 2012quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $74.9 million for the period ended 2012-09-30.
9 Aug 2012quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $74.9 million for the period ended 2012-09-30.
5 July 2012material agreement▲ Good
Terrane, the Mt. Milligan subsidiary, signed agreements to sell Mt. Milligan copper-gold-silver concentrate to LS-Nikko Copper (30% of annual production in the first partial and first full years, then about 50,000 dry metric tons a year for two years) and to Louis Dreyfus Commodities Metals Suisse (25% of production in 2013 and 2014, then 30,000 dry metric tons a year in 2015 and 2016). Thompson Creek guarantees Terrane's performance under the Louis Dreyfus agreement. This lines up buyers for the mine's output while it is still under construction.