Mount Polley

Imperial Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Metal, Gold, CDN, London Metal Exchange, International, Copper, The Lady in Red (Chris de Burgh song), News, LBMA, London Bullion Market Association, International Financial Reporting Standards, Transport, Capital expenditure, Mining, Imperial Metals, TSX, Chicago Metallic Corporation, Capital, Cryptocurrency, Rare-earth element, Mount Polley

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) 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.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) 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.
  • Total revenue was $78.5 million in the September 2023 quarter compared to $41.7 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.79 in the September 2023 quarter compared to US$3.51 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the September 2023 quarter was CDN$5.08 per pound compared to CDN$4.59 per pound in the 2022 comparative quarter, and the average gold price in the September 2023 quarter was CDN$2,587 per ounce compared to CDN$2,258 per ounce in the 2022 comparative quarter.

Imperial Reports Production Update for 2023 Third Quarter

Retrieved on: 
Tuesday, October 17, 2023
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VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.
  • Imperial’s production for the third quarter was 12,182,493 pounds copper and 14,335 ounces gold, of which 8,056,570 pounds copper and 11,321 ounces gold were produced at Mount Polley and 4,125,923 pounds copper and 3,014 ounces gold from Imperial’s 30% share of Red Chris mine production.
  • Copper production for the quarter was up 9%, largely from increased production at Mount Polley while gold production was virtually the same compared to the previous quarter with increased production at Mount Polley offsetting lower gold production at Red Chris.
  • Red Chris copper and gold production (100%) for the quarter was 13,753,075 pounds copper and 10,048 ounces gold, compared to 13,729,195 pounds copper and 13,680 ounces gold in the previous quarter.

Imperial Drilling Intersects 230.1 Metres Grading 0.31% Copper and 0.50 g/t Gold at Mount Polley

Retrieved on: 
Tuesday, August 15, 2023
Cross, Springer, National Instrument 43-101, Copper, News, QA/QC, National instrument, Diamond, Road, Mount Polley

It intersected 0.31% copper and 0.50 g/t gold over 230.1 metres from 7.4 metres.

Key Points: 
  • It intersected 0.31% copper and 0.50 g/t gold over 230.1 metres from 7.4 metres.
  • It intersected 0.55% copper and 0.69 g/t gold over 80 metres from 215.0 metres.
  • It intersected 0.36% copper and 0.37 g/t gold over 251 metres from 21.5 metres.
  • It intersected 0.34% copper and 0.39 g/t gold over 107.5 metres from 265 metres.

Imperial Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023
Metal, Capital expenditure, CDN, International, Chicago Metallic Corporation, LBMA, London Metal Exchange, Net, Gold, Imperial Metals, International Financial Reporting Standards, London Bullion Market Association, Capital, The Lady in Red (Chris de Burgh song), TSX, Copper, Transport, News, Rare-earth element, Mining, Cryptocurrency, Mount Polley

Total revenue was $85.8 million in the June 2023 quarter compared to $36.4 million in the 2022 comparative quarter.

Key Points: 
  • Total revenue was $85.8 million in the June 2023 quarter compared to $36.4 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.85 in the June 2023 quarter compared to US$4.32 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the June 2023 quarter was CDN$5.17 per pound compared to CDN$5.52 per pound in the 2022 comparative quarter, and the average gold price in the June 2023 quarter was CDN$2,657 per ounce compared to CDN$2,391 per ounce in the 2022 comparative quarter.
  • Mount Polley metal production for the second quarter of 2023 was 7,062,836 pounds copper and 10,185 ounces gold, compared to 6,678,094 pounds copper and 9,980 ounces gold produced during the first quarter of 2023.

Imperial Reports Production and Red Chris Exploration Update for 2023 Second Quarter

Retrieved on: 
Tuesday, July 25, 2023
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VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.

Key Points: 
  • VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.
  • The Red Chris Block Cave Feasibility Study is expected to be completed in the second half of 2023.
  • The exploration program at Red Chris is focused on the discovery of additional zones of higher-grade mineralization within the Red Chris porphyry corridor.
  • Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release.

Imperial Drilling Intersects 115 Metres Grading 0.67% Copper and 0.85 g/t Gold at Mount Polley

Retrieved on: 
Wednesday, July 19, 2023
Resource, QA/QC, Cross, Gold, Iron, National instrument, Diamond, National Instrument 43-101, Copper, News, Uranium mining, Road, Mount Polley

It intersected 0.67% copper and 0.85 g/t gold over 115 metres from 302.5 metres and includes a higher-grade zone grading 1.03% copper and 1.51 g/t gold over 40.0 metres from 320 metres.

Key Points: 
  • It intersected 0.67% copper and 0.85 g/t gold over 115 metres from 302.5 metres and includes a higher-grade zone grading 1.03% copper and 1.51 g/t gold over 40.0 metres from 320 metres.
  • It intersected 0.49% copper and 0.53 g/t gold over 110 metres from 22.5 metres depth, as well as 0.45% copper and 0.68g/t gold over 62.5 metres from 167.5 metres depth.
  • It intersected 0.30% copper and 0.41 g/t gold over 70 metres from 15 metres depth, and another intersection of 0.24% copper and 0.57g/t gold over 39.5 metres from 157.5 metres depth.
  • It intersected 0.67% copper and 0.85 g/t gold over 115 metres from 302.5 metres and includes a higher-grade zone grading 1.03% copper and 1.51 g/t gold over 40 metres from 320 metres depth.

Imperial Drilling Intersects 162.5 Metres Grading 0.50% Copper and 0.52 g/t Gold at Mount Polley

Retrieved on: 
Wednesday, May 17, 2023
Cross, Springer, National Instrument 43-101, Copper, QA/QC, News, National instrument, Diamond, Road, Mount Polley

SD-23-163, collared about 150 metres east of SD-12-153 on Section 3160N, intersected 0.27% copper and 0.31 g/t gold over 85 metres from 125 metres and 0.20% copper and 0.31 g/t gold over 210 metres from 280 metres.

Key Points: 
  • SD-23-163, collared about 150 metres east of SD-12-153 on Section 3160N, intersected 0.27% copper and 0.31 g/t gold over 85 metres from 125 metres and 0.20% copper and 0.31 g/t gold over 210 metres from 280 metres.
  • It intersected a long interval of mineralization grading 0.26% copper and 0.37 g/t gold over 451 metres from 80 metres, and a higher-grade zone grading 0.40% copper and 0.76 g/t gold over 85 metres from 307.5 metres.
  • It intersected 0.35% copper and 0.57 g/t gold over 182.5 metres from 270 metres, and a higher-grade zone grading 0.40% copper and 0.65 g/t gold over 117.5 metres from 295 metres.
  • It intersected 0.50% copper and 0.52 g/t gold over 162.5 metres from 30 metres and includes a higher-grade zone grading 0.82% copper and 0.81 g/t gold over 47.5 metres from 92.5 metres.

Imperial Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 9, 2023
Metal, Capital expenditure, CDN, International, Chicago Metallic Corporation, LBMA, London Metal Exchange, Net, Gold, Imperial Metals, International Financial Reporting Standards, London Bullion Market Association, Capital, The Lady in Red (Chris de Burgh song), TSX, Copper, Transport, News, Video game, Rare-earth element, Mining, Palladium, Cryptocurrency, Mount Polley

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.

Key Points: 
  • VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.
  • Total revenue was $92.7 million in the March 2023 quarter compared to $33.1 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$4.05 in the March 2023 quarter compared to US$4.53 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the March 2023 quarter was CDN$5.48 per pound compared to CDN$5.73 per pound in the 2022 comparative quarter, and the average gold price in the March 2023 quarter was CDN$2,553 per ounce compared to CDN$2,373 per ounce in the 2022 comparative quarter.

Imperial Reports 2022 Financial Results

Retrieved on: 
Wednesday, March 15, 2023
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Exploration, development, and capital expenditures in 2022 were $2.8 million compared to $2.1 million in 2021.

Key Points: 
  • Exploration, development, and capital expenditures in 2022 were $2.8 million compared to $2.1 million in 2021.
  • Porcher Island Gold: In 2022, a soil and rock geochemical survey was carried out over features highlighted from the 2021 LiDAR and Orthographic Survey.
  • Also carried out in 2022 was a regional geological mapping and geochemical sampling program completed over Huckleberry, Whiting Creek and select targets.
  • For additional information, refer to Imperial’s 2022 Management Discussion and Analysis Report available on imperialmetals.com and sedar.com.

Notice of the proposed settlement of the Imperial Metals Corporation Class Action

Retrieved on: 
Friday, February 17, 2023
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On August 7, 2014, a proposed class action was commenced in the Ontario Superior Court of Justice (the "Action").

Key Points: 
  • On August 7, 2014, a proposed class action was commenced in the Ontario Superior Court of Justice (the "Action").
  • The parties have reached a proposed settlement of the Action, without an admission of liability by the Defendants, subject to the approval by the Court.
  • Class Members who do not oppose the proposed settlement are not required to appear at the hearing or take any other action at this time to indicate their desire to participate in the proposed settlement.
  • If you are a Class Member, you will be bound by the outcome of the Action, including the terms of the proposed settlement, if approved, unless you opt out of the Action.