Thompson Creek Metals Company Inc., who owned 75 per cent of the recently-closed Endako Mine near Fraser Lake, will be delisted from the New York Stock Exchange.
The mining company received notification from NYSE Regulation, Inc. that Thompson Creek is being delisted due to the current price of its shares, the company announced on Jan. 14.
Based on the cost and chances of success, Thompson Creek states in its announcement that it will not appeal the delisting decision by the NYSE, and its business operations and reporting requirements to the U.S. Securities and Exchange Commission will not be affected.
Thompson Creek’s common shares will still be listed and traded on the Toronto Stock Exchange, as well as on OTC Markets Group’s OTCQX Best Market.
Headquartered in Denver, Colorado, the North American mining company’s B.C. properties include the Mount Milligan copper and gold mine near Fort St. James, as well as a development project for copper, molybdenum, and silver near Houston.