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Imperial Metals ( (TSE:III) ) just unveiled an announcement.
Imperial Metals Corporation reported an increase in metal production from the Red Chris mine for 2024, with copper production rising to 85,320,618 pounds and gold to 59,811 ounces. The company achieved its production guidance for 2024, and is advancing a feasibility study and permitting activities for an underground block cave project at Red Chris. For 2025, production is expected to increase further, with Newmont Mining Corporation projecting 88 million pounds of copper and 86,000 ounces of gold. The Mount Polley mine’s production target for 2025 is set at 25.0 – 27.0 million pounds of copper and 35,000 – 40,000 ounces of gold, with a focus on mining higher-grade ores.
More about Imperial Metals
Imperial Metals Corporation, based in Vancouver, is an exploration, mine development, and operating company with ownership interests in the Mount Polley mine, Huckleberry mine, and a 30% stake in the Red Chris mine. The company also holds a portfolio of 23 greenfield exploration properties in British Columbia.
YTD Price Performance: 28.80%
Average Trading Volume: 35,072
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$419.2M
See more data about III stock on TipRanks’ Stock Analysis page.
