From GlobeNewswire: 2025-05-12 07:36:00

Imperial Metals Corporation reported strong financial results for the first quarter of 2025, with 15,842,336 pounds of copper and 17,120 ounces of gold produced. Revenue was $176.6 million, up from $84.6 million in the same quarter of 2024. The company achieved an adjusted EBITDA of $97.7 million and net income of $41.3 million.

Revenue variations were influenced by concentrate shipments, metal prices, and exchange rates. Copper prices averaged US$4.24 per pound, gold prices averaged US$2,862 per ounce, and the US/CDN Dollar exchange rate was 1.435. Revenue revaluations in the quarter were positive at $10.0 million, contributing to net income of $41.3 million.

Operations saw increased metal production, with Mount Polley mine producing 8,904,389 pounds of copper and 10,621 ounces of gold. Red Chris mine produced 23,126,491 pounds of copper and 21,663 ounces of gold. Exploration and development expenditures were $27.2 million in the first quarter of 2025.

Imperial’s Block Cave Feasibility Study for Red Chris mine is progressing well, with 11,413 meters of development completed by March 31, 2025. Huckleberry Mine remains on care and maintenance, with focus on maintaining site infrastructure and compliance. Idle mine costs for Huckleberry were $1.9 million in the March 2025 quarter.

The Company’s non-IFRS financial measures include adjusted net income, adjusted EBITDA, cash earnings, and cash cost per pound of copper produced. Adjusted net income for the quarter was $41.3 million, adjusted EBITDA was $97.7 million, and cash earnings were $96.0 million. The cash cost per pound of copper produced was $0.24 for the composite mines.

Imperial Metals Corporation is a Vancouver-based exploration and mining company with holdings in Mount Polley, Huckleberry, and Red Chris mines. The company also has a portfolio of 23 greenfield exploration properties in British Columbia. For more detailed financial information, refer to the 2025 First Quarter Management’s Discussion and Analysis on the company’s website and SEDAR.

Cautionary statements regarding forward-looking information are noted, as future results may differ from expectations. Factors such as metal pricing, demand, and operational risks can impact the company’s performance. Investors are advised to review risk factors in the Company’s filings.



Read more at GlobeNewswire:: Imperial Reports First Quarter 2025 Financial Results