March 19, 2009 / 10:07 PM / in 9 years

UPDATE 1-Thompson Creek posts Q4 loss on charges

* Q4 EPS $0.56, before items

* Q4 loss $0.20/shr after charges

* Sees 2009 capex at $60 mln

March 19 (Reuters) - Canadian molybdenum producer Thompson Creek Metals Co Inc TCM.TO (TC.N) posted a fourth-quarter loss, hurt by charges and a sharp decline in molybdenum prices.

The world’s No. 5 producer of the steel-hardening agent, reported a quarterly loss of $24.6 million, or 20 cents a share, compared with profit of $28.8 million, or 22 cents a share, last year.

Excluding charges, the company earned $68.5 million or 56 cents a share. Revenue fell 8 percent to $181.6 million.

Analysts on average were expecting earnings of 30 cents a share on revenue of $136.7 million for the fourth quarter, according to Reuters Estimates.

For 2009, the company expects molybdenum production of 20 to 24 million pounds, with cash costs projected between $7.25 and $8.25 per pound of molybdenum produced.

Shares of the Toronto-based company closed at C$5.31 Thursday on the Toronto Stock Exchange. They closed at $4.34 on the New York Stock Exchange. ($1=1.233 Canadian Dollar) (Reporting by R. Manikandan in Bangalore; Editing by Ratul Ray Chaudhuri)

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