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 [...]
Imperial Metals Corp. 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. In the previous quarter [...]
Imperial Metals Corp. is pleased to announce that it is planning to issue unsecured non-convertible debentures , with an aggregate principal amount of up to $20,000,000 on a non-brokered private placement basis . The Debentures have a maturity date of July 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 May 1, 2024. The proceeds of the Private [...]
Imperial Metals Corp. reports diamond drill results for hole CW-23-01B, the first of five drill holes from the Whiting Creek 2023 exploration program. The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres. The Whiting Creek prospect forms part of the Huckleberry property and is located approximately 8.5 km north of the [...]
Imperial Metals Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company at a price of $2.40 per Share for gross proceeds of $16,800,000 . The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company's Red Chris mine and for general working capital purposes. N. Murray Edwards [...]
Imperial Metals Corp. is pleased to announce a non-brokered private placement of up to 7,000,000 common shares of the Company at a price of $2.40 per Share for gross proceeds of up to $16,800,000 . The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company's Red Chris mine and for general working capital purposes. Closing of the Private Placement is anticipated to [...]
Imperial Metals Corp. reports diamond drill results from the final five holes of the second phase of the Mount Polley 2023 exploration program, including a notable interval of 230.1 metres grading 0.31% copper and 0.50 g/t gold starting from a depth of 7.4 metres in hole SD-23-172. The second phase of drilling was completed in June to follow up on the significant results obtained in the first phase of drilling. Both [...]
Imperial Metals Corp. reports financial results for the three and six months ended June 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 $85.8 [...]
Imperial Metals Corp. reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial's production for the second quarter was 11,181,595 pounds copper and 14,289 ounces gold, of which 7,062,836 pounds copper and 10,185 ounces gold were produced at Mount Polley and 4,118,759 pounds copper and 4,104 ounces gold from Imperial's 30% share of Red Chris mine production. Total production increased [...]
Imperial Metals Corp. reports diamond drill results from the Mount Polley 2023 exploration program. A second phase of drilling was completed in June to follow up on the excellent results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from five of the ten holes drilled in the second phase have been received and include [...]