Name of the Project
Thompson Creek molybdenum mine restart project.
Location
Idaho, in the US.
Project Owner/s
Centerra Gold.
Project Description
Thompson Creek has been on care and maintenance since late 2014. Centerra’s prefeasibility study (PFS) on the mine supports a disciplined path to restarting operations and realising significant vertical integration synergies with the Langeloth metallurgical facility. The PFS proposes production of 134-million pounds of molybdenum over the 11-year life-of-mine.
Potential Job Creation
Not stated
Net Present Value/Internal Rate of Return
A restart of the mine, vertically integrated with operations at Langeloth, would result in a combined after-tax net present value, at a 5% discount rate, of $373-million and internal rate of return of 16%, based on a flat molybdenum price of $20/lb.
Capital Expenditure
Capital expenditure is estimated at between $350-million and $400-million.
Planned Start/End Date
First production is expected by the second half of 2027.
Latest Developments
Centerra has started a feasibility study, which is expected to be completed by mid-2024.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Centerra Gold, tel +1 416 204 1953 or email info@centerragold.com.