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THOMPSON CREEK METALS COMPANY INC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)
| Six months ended June 30, | Years Ended December 31, | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Earnings: | |||||||||||||||||||||
Income (loss) before income and mining taxes | $ | 272.3 | $ | 133.9 | $ | (54.0 | ) | $ | 297.4 | $ | 201.3 | $ | (28.7 | ) | |||||||
Adjustments: | |||||||||||||||||||||
Fixed charges added to earnings | 1.7 | 1.0 | 1.3 | 15.2 | 42.2 | 9.4 | |||||||||||||||
$ | 274.0 | $ | 134.9 | $ | (52.7 | ) | $ | 312.6 | $ | 243.5 | $ | 19.3 | |||||||||
Fixed Charges: | |||||||||||||||||||||
Interest expense | $ | 1.7 | $ | 0.9 | $ | 1.2 | $ | 15.1 | $ | 42.1 | $ | 9.4 | |||||||||
Capitalized interest | 3.0 | — | — | — | — | — | |||||||||||||||
Portion of rent expense representative of interest | — | 0.1 | 0.1 | 0.1 | 0.1 | — | |||||||||||||||
4.7 | 1.0 | 1.3 | 15.2 | 42.2 | 9.4 | ||||||||||||||||
Ratio of earnings to fixed charges(1) | 58.3x | 134.9x | N/A | 20.6x | 5.8x | N/A |
- (1)
- N/A—represents a coverage ratio of less than 1.
THOMPSON CREEK METALS COMPANY INC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Amounts in millions, except ratios)