Imperial Metals Corporation reports strong financial results for 2024, with increased revenue and production.

From GlobeNewswire: 2025-03-26 17:18:00

Imperial Metals Corporation reported strong financial results for 2024, with record revenue of $494.4 million, adjusted EBITDA of $209.9 million, and cash earnings totaling $211.2 million. Copper production at Mount Polley and Red Chris mines increased, contributing to total production of 61,296,423 pounds of copper and 57,051 ounces of gold. Revenue increased by 44% compared to 2023, driven by higher metal prices. Looking ahead, the company expects to produce 25.0 – 27.0 million pounds of copper and 35,000 – 40,000 ounces of gold at Mount Polley and 88.0 million pounds of copper and 86,000 ounces of gold at Red Chris in 2025.

In the fourth quarter of 2024, Imperial Metals reported revenue of $132.0 million, with income from mine operations at $63.4 million. Net income for the quarter was $62.8 million, a significant improvement from the prior year. The company also invested $45.7 million in exploration and capital projects during the quarter.

For 2025, Imperial Metals aims to produce 25.0 – 27.0 million pounds of copper and 35,000 – 40,000 ounces of gold at Mount Polley, and 88.0 million pounds of copper and 86,000 ounces of gold at Red Chris. The company will need further financing for the ongoing development of a block cave mine at Red Chris. Exploration plans include drilling programs to expand mineralization zones at both mines.



Read more at GlobeNewswire: Imperial Reports 2024 Financial Results