logo
Share SHARE
FONT-SIZE Plus   Neg

Thompson Creek Metals Turns To Profit In Q4 - Quick Facts

Thompson Creek Metals Co. Inc. (TC,TCM.TO) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
GoPro has just launched a facile camera, its smallest and lightest yet, as the action-camera sports maker seeks to further entice its adventure-seeking consumers. Oreo, the popular two chocolate wafers with a sweet crème filling in between has now got a new look. With about half the width of the regular Oreo, the new Oreo Thins will be thinner and slightly reduced in calorie. It will be available from July 13 with no change in its cookie taste and price tag. The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares.
comments powered by Disqus
Follow RTT