Thompson Creek posts 4th-qtr profit
(Reuters) - Molybdenum miner Thompson Creek Metals TCM.TO posted a fourth-quarter profit, helped by a non-cash unrealized gain on common stock purchase warrants.
For October-December, the company earned $800,000, or breakeven per share, compared with a loss of $45 million, or 28 cents a share, a year ago.
On an adjusted basis, the company broke even for this quarter, compared with a profit of $34.4 million, or 20 cents a share, a year ago.
Revenue for the company, which owns the Thompson Creek mine in Idaho and the Endako mine in British Columbia, fell more than a quarter to $116.7 million.
Shares of the company closed down about 2 percent at C$8.66 on Monday on the Toronto Stock Exchange.
(Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian)
© Thomson Reuters 2017 All rights reserved.