Business News
Thompson Creek announces appointment of Chief Financial Officer
2008-07-29 14:12:00
Thompson Creek announces appointment of Chief Financial Officer
NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R
TORONTO, July 29 /EMWNews/ - Thompson Creek Metals Company
Inc. ("the Company"), one of the world's largest publicly traded, pure
molybdenum producers, today announced that Pamela L. Saxton will join the
organization as Consulting Financial Executive effective August 4, 2008 and
will become Chief Financial Officer and Vice President, Finance later this
year in conjunction with the move of the Company's 10-person finance
department from Vancouver, British Columbia to the Company's principal
executive office in Denver, Colorado.
The current finance employees, including Derek Price, the Company's
Vice President, Finance and Chief Financial Officer, have chosen not to
relocate to Denver and have agreed to remain with the Company and work
closely with Ms. Saxton through the transition.
Kevin Loughrey, Chairman and Chief Executive Officer, stated: "The
Company's existing finance function was built by Derek Price when Thompson
Creek and Blue Pearl Mining Ltd. merged in October 2006. Derek Price and
his entire finance team have done exceptional work for Thompson Creek
during our formative stage as a public company. I would like to express my
appreciation to each of them for their dedicated efforts and for their
assistance in this transition period.
"We are very pleased to welcome Ms. Saxton to our management team and
look forward to working with her. She brings to Thompson Creek significant
financial management experience and an effective style of management that
should ensure strong financial reporting throughout our operations," Mr.
Loughrey said.
Ms. Saxton joins Thompson Creek with over 30 years of domestic and
international finance and accounting experience within and outside the
mining industry. She was previously Vice President, Finance - U.S.
Operations for Franco-Nevada U.S. Corporation, located in Highlands Ranch,
Colorado.
Prior to joining Franco-Nevada in 2007, Ms. Saxton was the Vice
President and Chief Financial Officer of Colorado-based NewWest Gold
Corporation. From 2004 to 2006, she was with First Data Corporation as Vice
President and Controller - Payments Division in Englewood, Colorado. Ms.
Saxton also served as Vice President Finance, Corporate Controller and
Chief Accounting Officer of J.D. Edwards & Company in Denver from 1994 to
2003. Prior to that, she was Vice President and Controller of Amax Gold,
Inc. and Assistant Controller of Cyprus Amax Minerals Company from 1987 to
1994.
Ms. Saxton holds a Bachelor of Science in Accounting from the
University of Colorado in Boulder. She is a member and past Chair of the
Board for the Colorado Association of Commerce and Industry and a member of
the Board of Advisors to the Business School at the University of Colorado
at Denver.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is one of the largest publicly
traded, pure molybdenum producers in the world. The Company owns the
Thompson Creek open-pit molybdenum mine and mill in Idaho, a metallurgical
roasting facility in Langeloth, Pennsylvania and a 75% share of the Endako
open-pit mine, mill and roasting facility in northern British Columbia.
Thompson Creek is also developing the Davidson Deposit, a high-grade
underground molybdenum project near Smithers, B.C. The Company has
approximately 800 employees. Its principal executive office is in Denver,
Colorado, and it has other executive offices in Toronto, Ontario and
Vancouver, British Columbia. More information is available at
http://www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
----------------------------------------------------
This news release contains "forward-looking information" within the
meaning of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities legislation which may include, but
is not limited to, statements with respect to the timing and amount of
estimated future production. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of Thompson Creek and/or its subsidiaries to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors
include those factors discussed in the section entitled "Risk Factors" in
Thompson Creek's current annual information form which is available on
SEDAR at http://www.sedar.com and is incorporated in its Annual Report on Form
40-F filed with the United States Securities and Exchange Commission which
is available at http://www.sec.gov. Although Thompson Creek has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this
news release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable securities
laws. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers are
cautioned not to place undue reliance on forward-looking statements.
Readers should refer to Thompson Creek's current annual information
form which is available on SEDAR at http://www.sedar.com and is incorporated in
its Annual Report on Form 40-F filed with the SEC which is available at
http://www.sec.gov and subsequent continuous disclosure documents available at
http://www.sedar.com and http://www.sec.gov for further information on mineral reserves
and mineral resources, which is subject to the qualifications and notes set
forth therein.
CONTACT: Wayne Cheveldayoff, Director of Investor Relations, Thompson
Creek Metals Company Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992,
[email protected]; Dan Symons, Renmark Financial Communications Inc.,
Tel.: (514) 939-3989, [email protected]
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