Imperial Metals Corp. reports diamond drill results from three more holes of the Mount Polley 2024 exploration program, including a notable interval of 257.5 metres grading 0.71% copper and 0.39 g/t gold from 35.0 metres in diamond drill hole SD-24-180. This phase of drilling is ongoing and is following up on the significant results obtained in the 2023 drill programs. Hole SD-24-180 was a vertical hole located 33 metres [...]
Imperial Metals Corp. announces the Toronto Stock Exchange has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid to be transacted through the facilities of the TSX or alternative Canadian trading systems. Pursuant to the Bid, the Company may purchase up to 809,357 common shares, which represents 0.5% of the total 161,871,341 common shares of the Company issued and outstanding as of May 14 [...]
Imperial Metals Corp. reports financial results for the three months ended March 31, 2024. QUARTER HIGHLIGHTS FINANCIAL Adjusted EBITDA increased by $4.4 million to $10.3 million in Q1 2024 compared to $5.9 million in Q1 2023. Total revenue was $84.6 million in the March 2024 quarter compared to $92.7 million in the 2023 comparative quarter. In the March 2024 quarter, Mount Polley mine had 1.3 concentrate shipments . The [...]
Imperial Metals Corp. reports partial diamond drill results from the Mount Polley 2024 exploration program, including a notable interval of 270 metres grading 0.65% copper and 0.48 g/t gold from 22.5 metres in diamond drill hole SD-24-179. Drilling is ongoing with 4,983 metres in 20 holes completed to date. The 2024 program is designed to follow up on last year's successful drilling in the Springer zone. Hole SD-24-179 [...]
Imperial Metals Corp. reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial's production was 12.353 million pounds copper and 12,861 ounces gold, with 7.355 million pounds copper and 10,009 ounces gold coming from Mount Polley and 4.998 million pounds copper and 2,852 ounces gold from its 30% share of Red Chris mine production. Mount Polley metal production for the first quarter of [...]
Imperial Metals Corp. reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley. At Red Chris, drill hole RC875 was drilled south to north into the East Ridge, the opposite direction to most of the drilling to date, to confirm the down-dip continuity of mineralization in the East Ridge zone. The initial results from hole RC875 returned an intercept of 406 metres grading 1.0% copper and [...]
Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2023. Select Annual Financial Information Year Ended December 31 expressed in thousands, except share and per share amounts 2023 2022 2021 Operations: Total revenues $344,455 $172,797 $133,591 Net loss $ $ $ Net loss per share $ $ $ Diluted loss per share $ $ $ Adjusted net loss $ $ $ Adjusted net loss per share $ $ $ Adjusted EBITDA [...]
Imperial Metals Corp. reports that Newmont Corporation has updated its mineral reserves and resources estimates for the Red Chris project. The Newmont mineral reserve and resource statement for Red Chris mine will be reported in line with SEC mining reporting standards, rather than National Instrument 43-101 standards, due to Newmont's primary listing as a US-listed issuer. Newmont used the previous Newcrest mineral [...]
Imperial Metals Corp. is pleased to announce that it plans to issue unsecured non-convertible debentures , with an aggregate principal amount of up to $45,000,000 on a non-brokered private placement basis . The Debentures have a maturity date of November 1, 2025 and bear interest at a rate of 12.0% per annum, with interest paid semi-annually in cash, with the first payment due September 1, 2024. The Debentures have an [...]
Imperial Metals Corp. reports that 2023 metal production from Mount Polley was 30.145 million pounds of copper and 41,834 ounces of gold. The mine achieved the low end of its target of 30-33 million pounds for copper production and exceeded the high end of its target of 35-40 thousand ounces for gold production. Red Chris production will be released when the reconciled information is received from Newmont Corporation [...]
Imperial Metals Corp. reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management's Discussion & Analysis. The Company's financial results are prepared in accordance with International Financial Reporting Standards . The reporting currency of the Company is the Canadian Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue was [...]
Imperial Metals Corp. reports drill results of the final four holes of the 2,031 metres diamond drilling program at Whiting Creek. The drill results include an intercept of 162.5 metres grading 0.33% copper and 1.64 g/t silver in hole CW-23-3B. Ongoing surface exploration and this year's results have extended the Creek Zone mineralization 450 metres to the west. The mineralization remains open and there is clearly [...]
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