Thompson Creek Q4 Revenue $401.6M Exceeds Expectations
Reports Q4 revenue $401.6M, consensus $360.6M. Q4 gold production was 70,853 ounces. CEO Paul Tomory, commented, "In Q4, we delivered strong production and outperformed our cost guidance, reflecting solid operational execution at Mount Milligan and Oksut...We ended the year with a cash balance of $529M and an equity investment portfolio valued at over $115M. This demonstrates our disciplined capital allocation strategy and highlights our ability to continue investing in the Thompson Creek restart project and our broader organic growth pipeline, including Mount Milligan, Kemess and Goldfield, while returning record capital to shareholders including $30M in share buybacks in Q4 and a consistent quarterly dividend of $10M. Looking ahead to 2026, our production and cost guidance reflect stable operating performance across our portfolio...We expect our operations to continue generating strong cash flow in 2026, providing the financial flexibility to advance our growth project pipeline while returning capital to shareholders...With Mount Milligan, Kemess, Goldfield and the Thompson Creek restart project, we have a clear line of sight to value-accretive, lower-risk growth that can be funded from available liquidity and future cash flows from operations, allowing us to maintain our disciplined approach to capital allocation."
