Thompson Creek Metals sold 3 million lb of molybdenum in the second quarter, which consisted of roasted molybdenum concentrate sourced from third parties, at an average realized price of $7.38/lb, the US miner said Tuesday.
In the second quarter of 2015, the company sold 2.3 million lb of molybdenum, which consisted of inventory produced at its own mines in 2014 in addition to third-party sourced product, at an average realized price of $9.23/lb.
Thompson Creek's two North American primary molybdenum mines are currently idled.
Thompson and its Japanese joint-venture partner Sojitz Moly Resources agreed to place the Endako mine in British Columbia, Canada, on care and maintenance from July 1 last year due to continued weakness in the molybdenum market.
Operations at the mine were temporarily suspended at the end of 2014. At the same time, the company's Thompson Creek mine in Idaho was placed on care and maintenance.
Last month, the company entered into an arrangement with Canada's Centerra Gold whereby Centerra would acquire Thompson Creek Metals in a deal worth around $1.1 billion.
The Endako and Thompson Creek mines will be kept on care and maintenance and the Thompson Creek mill will continue to be used as a concentrate upgrade facility, the companies said at the time, adding that the Langeloth processing facility in the US is expected to operate as a profitable toll-processing facility.
Thompson Creek also operates the Mount Milligan copper-gold mine in British Columbia, which is expected to produce 125,000-130,000 dry mt of concentrate containing 55 million-65 million lb of payable copper and 240,000-270,000 oz of payable gold in 2016.
