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Thompson Creek Metals Turns To Profit In Q4 - Quick Facts

Thompson Creek Metals Co. Inc. (TC,TCM.TO: Quote) announced that net income for the fourth quarter of 2011 was $0.8 million, or break even per share, compared to a net loss of $45.0 million, or $0.28 per share for the same period in 2010.

Net income for the fourth quarter of 2011 included a non-cash unrealized gain on common stock purchase warrants of $0.8 million, or break even per share. Net loss for the fourth quarter of 2010 included a non-cash unrealized loss on common stock purchase warrants of $79.4 million, or $0.47 per share.

Non-GAAP adjusted net income for the fourth quarter of 2011 was breakeven per share, compared to non-GAAP adjusted net income for the fourth quarter of 2010 of $34.4 million, or $0.20 per share.

Revenue for the fourth quarter of 2011 was $116.7 million, compared to $156.8 million for the same period in 2010. Sales volume for the fourth quarter of 2011 was 8.0 million pounds of molybdenum, compared to 9.5 million pounds for the same period in 2010.

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by RTT Staff Writer

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