Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Thompson Creek Metals Co Inc. | tcmc1231201510-k.htm |
| EX-21.1 - EXHIBIT 21.1 - Thompson Creek Metals Co Inc. | exhibit211201510-k.htm |
| EX-95 - EXHIBIT 95 - Thompson Creek Metals Co Inc. | exhibit-95201510xk.htm |
| EX-32.2 - EXHIBIT 32.2 - Thompson Creek Metals Co Inc. | exhibit-322201510xk.htm |
| EX-32.1 - EXHIBIT 32.1 - Thompson Creek Metals Co Inc. | exhibit-321201510xk.htm |
| EX-23.1 - EXHIBIT 23.1 - Thompson Creek Metals Co Inc. | exhibit-231201510xk.htm |
| EX-31.1 - EXHIBIT 31.1 - Thompson Creek Metals Co Inc. | exhibit-311201510xk.htm |
| EX-31.2 - EXHIBIT 31.2 - Thompson Creek Metals Co Inc. | exhibit-312201510xk.htm |
Exhibit 12.1
THOMPSON CREEK METALS COMPANY INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
(amounts in millions except ratio) | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings | |||||||||||||||||||
Add: | |||||||||||||||||||
(Loss) income before income and mining taxes | $ | (222.4 | ) | $ | (145.9 | ) | $ | (278.4 | ) | $ | (657.4 | ) | $ | 303.3 | |||||
Fixed Charges | 89.0 | 96.4 | 99.3 | 65.0 | 22.0 | ||||||||||||||
Deduct: | |||||||||||||||||||
Capitalized Interest | 1.6 | 3.9 | 70.7 | 49.0 | (1) | 15.9 | |||||||||||||
Total Earnings per SEC Item 503 of Reg S-K | $ | (135.0 | ) | $ | (53.4 | ) | $ | (249.8 | ) | $ | (641.4 | ) | $ | 309.4 | |||||
Fixed Charges: | |||||||||||||||||||
Interest Expense | 87.3 | 92.3 | $ | 24.1 | $ | 12.8 | $ | 5.2 | |||||||||||
Capitalized interest and amortization of debt discount and expenses | 1.7 | 4.1 | 75.2 | 52.2 | 16.8 | ||||||||||||||
Total Fixed Charges | $ | 89.0 | $ | 96.4 | $ | 99.3 | $ | 65.0 | $ | 22.0 | |||||||||
Ratio of Earnings to Fixed Charges | N/A | (2) | N/A | (3) | N/A | (4) | N/A | (5) | 14.1 | ||||||||||
N/A - Represents a coverage ratio of less than 1. | |||||||||||||||||||
(1) - During 2012, the Company incurred pre-tax impairment charges of $530.5 million related to the partial write down of the Company's share of the property, plant, equipment and development assets at its Endako Mine. Of this $530.5 million write down, $6.4 million related to capitalized interest, of which $1.1 million was capitalized during 2012. The amount presented ($49.0 million) does not reflect the effect of the impairments. | |||||||||||||||||||
(2) - For 2015, earnings were insufficient to cover fixed charges by $135.0 million. | |||||||||||||||||||
(3) - For 2014, earnings were insufficient to cover fixed charges by $53.4 million. Earnings for 2014 included a charge of $104.8 million related to the write down of the property, plant and equipment assets and and materials and supplies at TC Mine and Endako Mine and exploration properties. | |||||||||||||||||||
(4) - For 2013, earnings were insufficient to cover fixed charges by $249.8 million. Earnings for 2013 included a charge of $194.9 million related to the partial write down of the property, plant and equipment assets and and materials and supplies at TC Mine and Endako Mine. | |||||||||||||||||||
(5) - For 2012, earnings were insufficient to cover fixed charges by $641.4 million. Earnings for 2012 included a charge of $530.5 million related to the partial write down of the Company's share of the property, plant, equipment and development assets at its Endako Mine and a $47.0 million charge related to the write down of goodwill. | |||||||||||||||||||