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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNADITED) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Molybdenum sales $ 85.7 $ 72.6 $ 303.1 $ 291.8
Tolling, calcining and other 5.1 2.3 14.2 10.2
Total revenues 90.8 74.9 317.3 302.0
Cost of sales        
Operating expenses 64.1 85.7 206.4 290.8
Depreciation, depletion and amortization 14.4 17.0 44.7 48.1
Total cost of sales 78.5 102.7 251.1 338.9
Selling and marketing 1.4 1.4 6.4 4.5
Accretion expense 0.6 0.5 2.0 1.6
General and administrative 5.1 7.0 17.7 22.1
Exploration 0.7 0.5 1.3 1.9
Total costs and expenses 86.3 112.1 278.5 369.0
OPERATING INCOME (LOSS) 4.5 (37.2) 38.8 (67.0)
Goodwill impairment 0 47.0 0 47.0
Start-up costs 10.2 0.2 10.3 5.3
OTHER (INCOME) AND EXPENSE        
Change in fair value of common stock purchase warrants 0 0 0 (1.8)
(Gain) loss on foreign exchange (24.2) (21.3) 30.0 (20.0)
Interest and finance fees (0.7) (1.5) (0.9) (4.5)
Interest income (0.4) (0.5) (0.9) (0.9)
Other 0.2 0.1 0 (0.3)
Total other expense and (income) 13.5 (27.0) (40.3) (33.8)
(Loss) income before income and mining taxes 18.0 (64.2) (1.5) (100.8)
Income and mining tax expense (benefit) 4.2 (16.0) 3.0 (38.9)
NET INCOME (LOSS) 13.8 (48.2) (4.5) (61.9)
COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation 29.4 62.0 (44.5) 54.4
Total other comprehensive income (loss) 29.4 62.0 (44.5) 54.4
Total comprehensive (loss) income $ 43.2 $ 13.8 $ (49.0) $ (7.5)
NET (LOSS) INCOME PER SHARE        
Basic (in dollars per share) $ 0.08 $ (0.29) $ (0.03) $ (0.37)
Diluted (in dollars per share) $ 0.06 $ (0.29) $ (0.03) $ (0.37)
Weighted-average number of common shares        
Basic (in shares) 171.5 168.7 170.9 168.3
Diluted (in shares) 216.5 168.7 170.9 168.3