Mount Milligan Mine is expected to begin production this month.
The primary crusher and conveyor have already been commissioned and the concentrator is ready for a phased start-up.
Commercial production, however, will take a bit longer, as everything gets rolling, with commercial production in the fourth quarter and then another 12 months or “ramping up” before full production capacity is reached.
Thompson Creek Metals reported a fairly strong second quarter relative to previous quarters in 2013 and 2012, and share prices went from $2.88 to $3.00 overnight as a result.
Mt. Milligan is expected to begin at a lower rate of operation, but once full production is in effect, the projection estimate is for the mine to produce 89 million pounds of copper and 262,000 ounces of gold a year over the first six years, with these amounts dropping to 81 million pounds and 194,000 ounces of gold per year after this.
