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EX-99.1 - PRESS RELEASE - Thompson Creek Metals Co Inc.exhibit991pressreleaseenda.htm

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 10, 2014
(Exact name of registrant as specified in its charter)
British Columbia, Canada
(State or Other Jurisdiction
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
26 West Dry Creek Circle
Suite 810
Littleton, Colorado 80120
(Address of Principal Executive Offices)
(303) 761-8801
Registrant’s Telephone Number, Including Area Code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items to be Included in this Report

Item 2.05
Costs Associated with Exit or Disposal Activities.

Workforce Reductions

On December 10, 2014, Thompson Creek Metals Company Inc. (the “Company”) announced that, in connection with the temporary suspension of operations at the Endako Mine, to be effective December 31, 2014, the Company expects to terminate approximately 50% of salaried employees at the Mine, resulting in estimated severance costs of approximately C$1.7 million, all of which represent cash expenditures. The Company’s share of the estimated severance costs is expected to be approximately C$1.3 million. In addition, hourly employees at the Endako Mine have been notified that their employment will be temporarily suspended in sixty days and will remain so while operations are suspended. The Company expects that the workforce reductions at the Endako Mine will be made on or around December 31, 2014.

A copy of the Company’s press release, dated December 10, 2014, announcing the temporary suspension of operations at the Endako Mine and the related workforce reductions is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

As previously disclosed, the Company terminated employees at its Thompson Creek Mine in connection with placing the mine on care and maintenance by year end, which resulted in approximately $2.2 million in total severance costs, all of which represent cash expenditures.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains ''forward-looking statements'' within the meaning of the United States Private Securities Litigation Reform Act of 1995 Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities legislation. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "future," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements include, without limitation, statements with respect to expected costs, including severance costs, relating to the placement of the Company’s mines on temporary or indefinite care and maintenance; future operating plans and goals; and personnel decisions, including decision regarding reductions in work force. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the section entitled "Risk Factors" in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed on EDGAR at and on SEDAR at There may be other factors, currently unknown to the Company or deemed immaterial at the present time that could cause results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond the Company’s ability to control or predict. Given these uncertainties, the reader is cautioned not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Item 9.01.    Financial Statements and Exhibits.
(d)                                 Exhibits.

Exhibit No.
Press Release dated December 10, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 10, 2014
/s/ Wendy Cassity
Wendy Cassity
Vice President, General Counsel and Secretary


Exhibit No.
Press Release dated December 10, 2014