Imperial Metals Corp. commences a financial and business restructuring process. As of the close of business on September 14th Imperial completed the following actions: Extension of the due date of the Company’s Secured Revolving Senior Credit Facility of $200 million from October 1, 2018 to February 15, 2019. The Secured Revolving Senior Credit Facility is now supported by a guarantee from Edco Capital Corporation [...]
Imperial Metals Corp. reports financial results for the three and six months ended June 30, 2018 and 2017, 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. Select Quarter Financial Information [...]
VANCOUVER, British Columbia, Aug. 02, 2018 -- Imperial Metals Corp. reports that unionized employees at the Mount Polley mine have voted 79% to accept a new three year contract with an effective date of January 1, 2018. Employees are currently being recalled to work to reestablish normal operations. The collective agreement with USW Local 1-2017 had terminated on December 31, 2017. After efforts to renew the collective [...]
VANCOUVER, British Columbia, July 13, 2018 -- Imperial Metals Corp. reports metal production from its Red Chris and Mount Polley mines for the 2018 second quarter was 15.33 million pounds copper and 17,724 ounces gold. Red Chris second quarter metal production was 11.51 million pounds copper and 8,614 ounces gold, a decrease of 25.4% and an increase of 39.9% respectively from 15.42 million pounds copper and 6,159 ounces [...]
VANCOUVER, British Columbia, May 23, 2018 -- Imperial Metals Corp. reports that unionized employees at the Mount Polley Mine have gone on strike following a three hour lock out by the Company earlier today. The lock out was intended to overcome an impasse on renewal of the collective agreement which terminated on December 31, 2017. Unionized employees were invited to return to work after the lock out under the terms of a [...]
Imperial Metals Corp. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated April 9, 2018 for the 2018 Annual Meeting of Shareholders were elected as directors of the Company. Results of the vote for the election of directors held at the Meeting on May 22, 2018 in Vancouver, British Columbia are: Nominee Votes in Favor % Votes Withheld [...]
VANCOUVER, British Columbia, May 10, 2018 -- Imperial Metals Corp. reports financial results for the three months ended March 31, 2018 and 2017, 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 [...]
VANCOUVER, British Columbia, April 25, 2018 -- Imperial Metals Corp. reports that metal production from the Red Chris and Mount Polley mines for the 2018 first quarter was 25.1 million pounds copper and 24,495 ounces gold. Red Chris first quarter metal production was 19.72 million pounds copper and 12,215 ounces gold, an increase of 21% and 110% respectively from the 16.33 million pounds copper and 5,811 ounces gold [...]
VANCOUVER, British Columbia, March 28, 2018 -- Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2017. Revenues increased to $453.1 million in 2017 compared to $428.2 million in 2016, an increase of $24.9 million or 5.8%. Revenue from the Red Chris mine in 2017 was $289.1 million compared to $295.3 million in 2016. Revenue from the Mount Polley mine in 2017 was $163.5 million compared [...]
VANCOUVER, British Columbia, March 22, 2018 -- 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 525,864 common shares, which represents 0.45% of the total 116,858,746 common shares of [...]
VANCOUVER, British Columbia, Jan. 11, 2018 -- Imperial Metals Corp. reports its 2017 metals production from all operations totaled 93.7 million pounds copper and 81,425 thousand ounces gold. Red Chris Mine In 2017, the Red Chris mill achieved 95% of design capacity averaging 28,433 tonnes per calendar day. Fourth quarter production totaled 23.23 million pounds copper and 13,020 ounces gold, compared to 19.65 million [...]
VANCOUVER, British Columbia, Jan. 02, 2018 -- Imperial Metals Corp. is providing additional details of the rights offering completed on December 22, 2017. To the knowledge of the Company, no person became an insider as a result of the rights offering. Existing insiders acquired an aggregate of 8,340,752 shares pursuant to basic subscription privileges and 1,680,507 shares pursuant to additional subscription privileges [...]
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