Canada company pays $1.1B for Colorado mining firm
A Canadian firm has acquired Colorado mining company Thompson Creek Metals Co. Inc. for $1.1 billion.
Centerra Gold Inc., the Denver Business Journal reports, bought Littleton-based Thompson Creek for cash and stock. Thompson Creek had been saddled with almost $900 million in debt and had seen its stock price dive in recent years due to low prices for gold, copper and molybdenum.
A Canadian firm has acquired Colorado mining company Thompson Creek Metals Co. Inc. for $1.1 billion.
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Centerra Gold Inc., the Denver Business Journal reports, bought Littleton-based Thompson Creek for cash and stock. Thompson Creek had been saddled with almost $900 million in debt and had seen its stock price dive in recent years due to low prices for gold, copper and molybdenum.
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