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Move is in line with reduced price forecasts for copper, zinc and other key metals.
Even though Barrick enjoyed a favorable operating quarter with good prices, mining costs for both gold and copper were up so sharply that the miner enjoyed little benefit from this success
But now you have a big chunk of their moly profits gone. Thompson Creek shutting down and plummiting moly price, now at 11.97 per pound....
The average consensus estimate for Q3, now stands at .09c, UP from .08c, not very long ago. Hmmm, .07, .08, .09, me thinks that I detect...
bearish right now with TCM. Guten tag!
UPRADED AND WHACKED ON THE SAME DAY.
Rating Action: Moody's upgrades Thompson Creek's CFR to B3; outlook stable Global Credit Research - 03 Sep 2014 ...