Imperial Metals Corp. reports partial results from a drill hole located in the deep East zone at the Red Chris mine, and updates on drill programs by Newcrest, operator of the Red Chris Joint Venture. There are two drilling campaigns presently underway at Red Chris. The first is the East Zone Resource Definition Programme which is designed to obtain geological, geotechnical and metallurgical data to support future studies [...]
Imperial Metals Corp. reports the 2019 metals production at the Red Chris mine was 71.9 million pounds copper, 36,471 ounces gold, and 133,879 ounces silver. Red Chris production for the fourth quarter of 2019 was 21.7 million pounds copper, 12,155 ounces gold, and 45,508 ounces silver. These results represent 100% of production at Red Chris. All metals production increased in the fourth quarter compared to the third [...]
Imperial Metals Corp. reports results from the 2019 diamond drill program completed at the Ruddock Creek Project. The program consisted of 17 drill holes totaling 8,802.1 metres targeting the V Zone and the Q Zone . Drilling was conducted from a combination of helicopter support and road accessible drill pads. Highlights include drill hole RD-19-V54 which intersected 40.9 metres grading 16.83% zinc, 3.46% lead and 4.74 [...]
Imperial Metals Corp. reports financial results for the three and nine months ended September 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 [...]
Imperial Metals Corp. reports production at the Red Chris mine for the 2019 third quarter was 19.5 million pounds copper and 8,419 ounces gold. These results represent 100% of production at Red Chris. Copper and gold production were up 11% in the third quarter compared to the second quarter of 2019. Mill throughput for the quarter averaged 30,568 tonnes per calendar day. As previously announced, Imperial completed the [...]
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 [...]
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