Imperial Metals Corp.

Imperial Metals Corp. confirms that it has received the sales proceeds of approximately US$775 million related to the sale of a 70% interest in the Red Chris mine as announced on August 15, 2019. Proceeds from the sale transaction were utilized to repay debt as follows: Senior secured revolving credit facility of $200 million Second lien secured revolving credit facility of $50 million Secured bridge loan of $26 million [...]

Imperial Metals Corp. announces the closing of the previously announced sale of a 70% interest in its Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining Ltd. for a final purchase price of US$804 million subject to debt and working capital adjustments. Inclusive of the near term settlement of some of these adjustments, Imperial received approximately US$775 million in net cash consideration. The [...]

Imperial Metals Corp. reports financial results for the three and six months ended June 30, 2019, as summarized in this 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 On March 10, 2019 [...]

Imperial Metals Corp. reports its metal production from the Red Chris and Mount Polley mines for the 2019 second quarter was 19.12 million pounds copper and 12,052 ounces gold. Red Chris second quarter metal production was 17.60 million pounds copper and 7,580 ounces gold. Copper production was up from the first quarter by 26%, while gold production was down by 10%. Gold production was down on lower grade as virtually all [...]

Imperial Metals Corp. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated May 14, 2019 were elected as directors of the Company at the Annual Meeting of Shareholders. Results of the vote for the election of directors held at the Meeting on June 25, 2019 in Vancouver, British Columbia are: Nominee Votes in Favor % Votes Withheld [...]

Imperial Metals Corp. reports financial results for the three ended March 31, 2019, as summarized in this 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 On March 10, 2019, the Company [...]

Imperial Metals Corp. reports its metal production from the Red Chris and Mount Polley mines for the 2019 first quarter was 15.41 million pounds copper and 14,463 ounces gold. Red Chris first quarter metal production was 13.10 million pounds copper and 8,317 ounces gold. Mill throughput averaged 26,315 tonnes per calendar day during the first quarter, down from the 28,783 achieved in the same quarter last year. Metal [...]

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 market places. Pursuant to the Bid, the Company may purchase up to 635,552 common shares, which represents 0.50% of the total 127,110,479 common shares of the Company issued and outstanding as of April [...]

Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2018. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2018 2017 2016 Total revenues $360,173 $453,113 $428,218 Net income $ $ 77,113 $ Net income per share $ $ 0.82 $ Diluted income per share $ $ 0.82 $ Adjusted net loss $ $ $ Adjusted net loss per share [...]

Imperial Metals Corp. announces that it has obtained extensions regarding the maturity date of a number of its credit facilities as follows: The Senior Credit Facility maturity date has been extended from March 15, 2019 to September 5, 2019. The Second Lien Credit Facility maturity date has been extended from March 15, 2019 to September 9, 2019. The Bridge Loan maturity date has been extended from March 15, 2019 to [...]