In the same category

Imperial Metals Corp

Published : April 01st, 2010

Reports 2009 Financial Results

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Marketwire

 

 

 

 

Imperial Metals Corporation

TSX:

III

 

 

 

 

Other Recent News

 

March 31, 2010

Imperial Reports 2009 Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) - Imperial Metals Corporation (TSX:III) reports operating income of $24.8 million for its fiscal year ended 2009, close to the level achieved in 2008 ($25.4 million). Non cash losses on derivative instruments pushed overall results into negative territory with a net loss of $0.39 per share for 2009 compared to net income of $1.83 per share in 2008 when falling metal prices had the reverse effect on derivative instrument accounting. Adjusted net income, a better reflection of overall results, was $1.16 per share in 2009 compared to $1.71 in 2008.

 
----------------------------------------------------------------------------
For the Years Ended                                           2009      2008
----------------------------------------------------------------------------
(expressed in thousands of dollars, except share amounts)
Total Revenues                                            $201,137  $229,745
Net (Loss) Income                                         $(12,759)  $59,617
Net (Loss) Income per share                                 $(0.39)    $1.83
Diluted (Loss) Income per share                             $(0.39)    $1.83
Adjusted Net Income (2)                                    $37,525   $55,468
Adjusted Net Income per share (2)                            $1.16     $1.71
Working Capital (3)                                        $28,054   $54,211
Total Assets                                              $373,071  $384,901
Total Long Term Debt (including current portion)            $2,656    $4,648
Cash dividends declared per common share                     $0.00     $0.00
Cash Flow (1)                                              $54,552   $76,334
Cash Flow per share (1)                                      $1.68     $2.35
----------------------------------------------------------------------------
 
(1) Cash flow and cash flow per share are measures used by the Company to
    evaluate its performance however, they are not terms recognized under
    generally accepted accounting principles. Cash flow is defined as cash
    flow from operations before the net change in non-cash working capital
    balances and cash flow per share is the same measure divided by the
    weighted average number of common shares outstanding during the period.
(2) Adjusted net income is calculated by removing the gains or losses, net
    of related income taxes, resulting from mark to market revaluation of
    copper and foreign exchange hedging not related to the current period,
    removing the unrealized share based compensation expense, net of taxes,
    removing writedown of mineral properties, net of taxes, and removing
    adjustment to depletion on units-of-production assets, net of taxes.
(3) Defined as current assets less current liabilities.
 
The Company believes these measures are useful to investors because they are
included in the measures that are used by management in assessing the
financial performance of the Company.

 

Revenues were $201.1 million in 2009 compared to $229.7 million in 2008. The decrease is the result of lower sales volumes on lower copper prices. The London Metals Exchange cash settlement copper price per pound averaged US$2.34 in 2009 compared to US$3.15 in 2008. The US Dollar compared to the CDN Dollar averaged about 7% higher in 2009 than in 2008. In CDN Dollar terms the average copper price in 2009 was 20% less than the 2008 average copper price.

Revenue in the fourth quarter of 2009 was increased by a positive $4.1 million revenue revaluation due to increasing copper prices compared to a negative $27.1 million revenue revaluation in the fourth quarter of 2008 when copper prices fell sharply. Positive revenue revaluations are the result of the copper price on the settlement date and/or the current period balance sheet date being higher than when the revenue was initially recorded or the copper price at the last balance sheet date.

Operating income decreased slightly to $24.8 million from $25.4 million in 2008. In 2009 lower depletion and depreciation expense was offset by higher share based compensation expense with the total equal to that of 2008 for these two expense items. The 2008 operating income was after a mineral property writedown of $16.2 million and foreign exchange gains of $5.6 million versus a $7.4 million foreign exchange loss in 2009.

Net loss for the year ended December 31, 2009 was $12.8 million ($0.39 per share) compared to net income of $59.6 million ($1.83 per share) in 2008. The decrease was primarily due to the change in realized and unrealized gains and losses on derivative instruments of a net loss of $42.7 million in 2009 versus a gain, net of provisions for loss on counterparty default, of $56.2 million in 2008.

Cash flow decreased to $54.6 million in 2009 from $76.3 million in 2008. The $21.7 million decrease is primarily the result of increased cash income taxes. Cash flow is a measure used by the Company to evaluate its performance, however, it is not a term recognized under generally accepted accounting principles. Cash flow is defined as cash flow from operations before the net change in non-cash working capital balances. The Company believes cash flow is useful to investors and it is one of the measures used by management to assess the financial performance of the Company.

Capital expenditures were $26.7 million, down from $46.7 million in 2008 as the Company reduced capital expenditures in response to lower cash flow. Expenditures in 2009 were financed by cash flow from the Mount Polley and Huckleberry mines.

At December 31, 2009 the Company had $23.9 million (2008-$41.4 million) in cash and cash equivalents and short term investments, inclusive of the Company's share of cash and cash equivalents of Huckleberry of $24.1 million (2008-$18.3 million).

Derivative Instruments

The Company has not hedged gold or silver, only copper and the CDN/US Dollar exchange rate. During 2009 the Company recorded losses of $42.7 million on derivative instruments, primarily for copper, compared to gains of $84.5 million in 2008. These gains and losses result from the mark to market valuation of the derivative instruments based on changes in the price of copper and the CDN/US Dollar exchange rate. These amounts include realized gains of $19.7 million in 2009 and $40.3 million in 2008. The rapid decline in the price of copper during the latter part of 2008 resulted in large unrealized gains being recorded by the Company however these gains were reversed in 2009 with the recovery of the copper price. The Company does not use hedge accounting therefore accounting rules require that derivative instruments be recorded at fair value on each balance sheet date, with the adjustment resulting from the revaluation being charged to the statement of income as a gain or loss.

The Company utilizes a variety of instruments for hedging including the purchase of puts, forward sales and the use of min/max zero cost collars. Imperial's income or loss from derivative instruments may be very volatile from period to period as a result of changes in the copper price and exchange rates compared to the copper price and exchange rate at the time when these contracts were entered into and the type and length of time to maturity of the contracts.

During the year ended December 31, 2008 a portion of the Company's derivative instruments were with Lehman Brothers Commodity Services Inc. ("LBCS"), a subsidiary of Lehman Brothers Holdings Inc. ("Lehman"). Both Lehman and LBCS have filed for bankruptcy protection. As a result of the bankruptcy filing of LBCS and Lehman, the uncertainty regarding the timing of, and the ultimate recovery of the LBCS derivatives, the Company has made a provision $28.3 million for the full amount of the LBCS derivatives.

Hedges for Mount Polley cover about 50% of copper settlements through the first quarter of 2011 via min/max zero cost collars. Hedges for Huckleberry include puts and forwards extending out to the second quarter of 2011 covering about 70% of copper settlements in the period.

At December 31, 2009 the Company has unrealized losses on its derivative instruments. This represents an decrease in fair value of the derivative instruments from the dates of purchase to December 31, 2009 due to the decline in the price of copper in the last half of 2008. Refer to Note 13 to the audited consolidated financial statements for the year ended December 31, 2009 for further details.

The Company has granted security to certain hedge counterparties to cover potential losses in excess of the credit facilities granted by the counterparties. At December 31, 2009 the Company had $2.6 million on deposit with counterparties.

General

In US Dollars, copper prices were 25% lower in 2009 than in 2008, averaging about US$2.34/lb compared to US$3.15/lb in 2008. The US Dollar declined against the CDN Dollar during 2009 ending the year weaker however the US Dollar averaged higher against the CDN Dollar during 2009 than during 2008. Factoring in the increase in the average exchange rate the price of copper averaged CDN$2.67/lb in 2009, about 20% less than the 2008 average of CDN$3.36/lb. The copper price averaged US$3.01/lb or CDN$3.18/lb in the last quarter of 2009.

Mount Polley

 
---------------------------------------------------------------------------
Annual Production
For the Years Ended December 31              2009         2008         2007
---------------------------------------------------------------------------
Ore milled (tonnes)                     7,045,737    6,848,983    6,444,112
Ore milled per calendar day (tonnes)       19,303       18,713       17,655
Grade % - Copper                            0.371        0.552        0.461
Grade g/t - Gold                            0.322        0.306        0.242
Recovery % - Copper                         58.80        72.41        78.66
Recovery % - Gold                           67.70        69.71        69.34
Copper produced (lbs)                  33,860,500   60,305,759   51,506,144
Gold produced (oz)                         49,412       47,001       34,833
Silver produced (oz)                      202,992      522,340      370,731
---------------------------------------------------------------------------

 

The majority of mill feed in 2009 was supplied by the Springer pit, which will continue to supply the bulk of the mill feed at Mount Polley. In 2009 the Southeast and Wight also provided a portion of mill feed.

Daily mill through put in the fourth quarter 2009 averaged 19,303 tonnes per day up significantly from the 18,467 tonnes per day achieved in the fourth quarter 2008. This trend of increasing through put continues into January 2010, with an average of 20,652 tonnes per day compared with 13,411 tonnes per day achieved in January 2009. Mild weather conditions along with upgrades to materials handling systems have facilitated this significant increase in winter through put.

In January 2010, 120,000 tonnes was delivered to the mill from the Southeast pit. This ore graded 0.24% copper and 0.47 grams per tonne gold. This higher gold grade material along with excellent winter through put enabled production of over 5,000 ounces gold. Copper production for January 2010 was 2.7 million pounds.

Pond zone pit began delivering ore to the mill with 35,000 tonnes delivered in January 2010.

Exploration in 2009 focused on the Junction, Springer, Boundary, Pond and Southeast zones. Drilling returned significant intervals of copper/gold mineralization at all of the zones.

Junction zone lies northwest of the Springer pit and the drill program followed up on anomalies from trenching and other surveys which had revealed erratic low grade mineralization. Systematic drilling of the area has discovered several areas of significant mineralization, including some near surface intercepts.

Drilling at Boundary zone was designed to confirm high grade copper/gold mineralization. Highlights include drill hole ND09-92 which intersected 8.9 metres grading 1.50% copper and 0.90 g/t gold starting at 177.4 metres below surface and 37.3 metres grading 2.08% copper and 1.13 g/t gold starting at 260.2 metres. Drill hole WB09-254, a flat hole, was drilled to the Boundary zone drilling, from the west wall of the Wight pit, encountered significant mineralization including an intercept of 16.6 metres grading 2.29% copper and 1.58 g/t gold starting at 473.4 metres from the collar. Exploration at the Boundary zone in 2010 will include driving a 500 metre underground ramp from the Wight pit to the Boundary zone, intersecting it at approximately 250 metres below surface. Further exploration and delineation drilling of the zone will be completed from the underground development.

Exploration drilling resumed in late January 2010. A 11 line Titan geophysical survey completed at Mount Polley in the fall of 2009 will be used to guide exploration drilling in the coming season where possible.

Mount Polley exploration expenditures were $5.4 million in 2009 compared to $3.2 million in 2008. With the expanded land base, ongoing exploration at Mount Polley focused on identification of additional mineralized zones and expansion of identified zones. Drilling in 2009 tested seven zones on the property and provided further encouraging results. Drilling in 2009 included 127 diamond drill holes totaling 42,115 metres compared to 63 diamond drill holes totaling 19,440 metres in 2008.

Huckleberry

The financial results of Huckleberry continue to have a significant impact on Imperial's results. Imperial's share of Huckleberry's net loss in 2009 was $10.6 million compared to net income of $8.3 million in 2008. Huckleberry's net income declined due to higher losses on derivative instruments.

 
----------------------------------------------------------------------------
Annual Production (50% allocable to Imperial)
For the Years Ended December 31                   2009       2008       2007
----------------------------------------------------------------------------
Ore milled (tonnes)                          6,133,700  6,031,300  6,477,600
Ore milled per calendar day (tonnes)            16,805     16,479     17,747
Grade % - Copper                                 0.377      0.316      0.442
Grade % - Molybdenum                             0.006      0.006      0.013
Recovery % - Copper                              90.20       88.5       87.4
Recovery % - Molybdenum                           1.87       23.2        8.1
Copper produced (lbs)                       45,931,532 37,219,000 55,145,000
Gold produced (oz)                               3,482      3,058      5,847
Silver produced (oz)                           266,940    245,781    212,735
Molybdenum produced (lbs)                       14,467    187,798    304,224
----------------------------------------------------------------------------

 

All mill feed continues to come from the Main Zone Extension and the current mine plan provides for mill operations until August 2012. In 2009, Huckleberry completed an exploration program focused on drilling the Main Zone Stirrup target; a prism of rock which had not been adequately tested between the backfilled Main Zone pit and the currently producing Main Zone Saddle pit. The goal of this program was to ensure that all resources in the target area were adequately defined to allow economic evaluation.

In addition, drilling tested the lateral and depth extent of the resource below the Main pit. Of particular significance is DDH90ST-F which intersected 0.38% copper and 0.010% molybdenum over 486 metres from 12 to 498 metres. Since exploration began nearly 47 years ago, this is the longest intersection of continuous mineralization reported from Huckleberry. In 2010, a mine plan that includes mining of the resource below the Main Zone pit will be investigated.

Red Chris

At the Red Chris copper/gold property, Imperial continued with deep exploration of the East zone. The highlight of the season was hole RC09-350 which intersected 647.5 metres grading 1.50% copper and 2.68 grams per tonne gold. RC09-350 contains the highest grades returned from the Red Chris property to date. The 2009 exploration program also included completion of an airborne magnetic survey covering the bulk of the project, a 13 line Titan 24 geophysical survey, bobcat diamond drilling, geologic mapping, in addition to the nine deep drill holes which totaled 11,528 metres. Two other significant milestones for the project have been achieved concurrent with the completion of the successful exploration program. In mid September the provincial and federal governments announced they had both dedicated funds towards completion of the Northwest Transmission Line (NTL) which will bring the BC Hydro grid to within 120 kilometres of the Red Chris project. The other key event for Red Chris was the Supreme Court of Canada decision, in January 2010, which confirmed that Red Chris has completed all of the necessary Environmental Review for development of the project and may proceed toward development.

Plans for 2010 include an aggressive diamond drilling program estimated to complete 50,000 metres of drilling, while pursuing the Mines Act permits which would allow predevelopment clearing to begin this year. Exploration and geotechnical drilling started in January 2010.

Sterling

At Sterling during 2009 an underground diamond drilling program was completed which extended the 144 zone gold mineralization to the north, west and south. High grade gold mineralization was discovered in the latite dike that divides the 144 zone from its east extension. In advance of drilling, the north drift of the 144 zone decline was extended by 187 feet, and a new drill station was excavated at its face. A total of nine holes were drilled from this station, and were designed to test the northern extent of the 144 zone. Collectively the drill results added significantly to the size of the 144 zone. Extension of the underground development is being completed, that will include drifting across the 144 zone. The results of the 2009 drilling and underground development will be incorporated into the geologic model of the 144 zone and then the gold resource estimate will be updated, followed by a study to investigate whether the resource is sufficient to reopen the Sterling gold mine. The site has been permitted and bonding has been put in place to allow for a restart of mine operations.

Selkirk Metals Corp.

A business combination with Selkirk Metals Corp. was completed in November 2009. Selkirk's portfolio of BC early stage and advanced exploration properties include the Catface and Ruddock Creek projects. Imperial looks forward to working with the Selkirk team to further explore and develop these assets. Imperial issued 2.2 million common shares and paid approximately $2.6 million on closing to complete the acquisition of 100% of the issued and outstanding shares of Selkirk. Imperial welcomed Mr. Ted Muraro to the Board of Directors. Mr. Muraro, a director of Selkirk, has a long and distinguished career of over forty years in the mineral exploration industry.

Ruddock Creek

During 2009 a Universal Receiver Electromagnetic survey (UREM) was completed to augment the previous geophysical surveys completed in previous years including airborne, ground and borehole geophysical surveys. The known mineralization responds readily to these electromagnetic surveys in this geological environment which is devoid of conductive sediments and graphitic units. There were 24.05 kilometres of ground survey completed in two grids. The results, when incorporated with the known geology, drill hole results and previous surveys identified specific targets which will be drill tested during future drilling campaigns.

Catface

An extensive community consultation process with the Ahousaht First Nation continued following the business combination of Selkirk and Imperial. As part of the consultation process, the Company maintains an office in the Ahousaht village and continues to work extensively with local leadership in support of the project. In October 2009 operations commenced to rehabilitate the main access road that had been used by previous logging operations and Falconbridge Limited for exploration access. Approximately 60% of the proposed rehabilitation was completed before the end of 2009. The balance of the rehabilitation has now been completed and construction of an exploration camp is underway. A diamond drilling program is planned for 2010 to further define and extend the Cliff zone, which hosts all the resource outlined to date, to test the Irishman Creek zone, and the area between these two zones. Further baseline sampling and testing will also be completed in support of environmental studies and permitting.

Detailed financial information is available in the Company's 2009 Annual Report, available on www.sedar.com and www.imperialmetals.com.

 

CONTACT INFORMATION:

Imperial Metals Corporation
Brian Kynoch
President
604.669.8959

or

Imperial Metals Corporation
Andre Deepwell
Chief Financial Officer
604.488.2666

or

Imperial Metals Corporation
Sabine Goetz
Investor Relations
604.488.2657
info@imperialmetals.com
www.imperialmetals.com

INDUSTRY: Manufacturing and Production - Mining and Metals

 

 

Footer


Imperial Metals Corp

PRODUCER
CODE : III.TO
ISIN : CA4528921022
CUSIP : 452892102
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Imperial is a zinc and lead producing company based in Canada.

Imperial produces zinc, lead, copper, diamonds, gold, molybdenum and silver in Canada, develops copper and gold in Canada, and holds various exploration projects in Canada.

Its main assets in production are HUCKLEBERRY, MOUNT POLLEY, PORCHER ISLAND and STERLING in Canada, its main asset in development is RED CHRIS in Canada and its main exploration properties are BEAR, NAK, SHERATON-TIMMINS, ROBB LAKE, LJ, KNEB, GHOST PROPERTY, INDATA, WASI CREEK, GIANT COPPER, RUDDOCK CREEK, CATFACE, BALDWIN-MCVICAR, THE CENTURY and FANDORA in Canada.

Imperial is listed in Canada and in United States of America. Its market capitalisation is CA$ 196.5 millions as of today (US$ 144.9 millions, € 130.4 millions).

Its stock quote reached its lowest recent point on November 29, 2002 at CA$ 0.15, and its highest recent level on July 17, 2015 at CA$ 9.98.

Imperial has 93 590 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Imperial Metals Corp
1/22/2010Red Chris: Green Light for Development
9/30/2009Northwest Transmission Line Moves Ahead; Red Chris Site Visi...
In the News and Medias of Imperial Metals Corp
1/10/2019Imperial Metals suspends operations at Mount Polley mine
12/15/2018Imperial Metals hires BMO to speed up restructuring — source...
8/2/2018Imperial testing driverless oilsands haulers at Kearl
8/4/2017BC won't charge Imperial Metals for Mount Polley dam breach
11/8/2010Fed Debases the Imperial Dollar, Inflation, Stagnation and H...
Annual reports of Imperial Metals Corp
2008 Annual Report
2007 Annual Report
Financings of Imperial Metals Corp
8/1/2017Closes Bridge Loan Financing
5/28/2007Exercise of Warrants of Imperial Metals Corporation
Nominations of Imperial Metals Corp
6/3/2013Reports on Voting Results for the Election of Directors
Financials of Imperial Metals Corp
11/13/2015Reports 2015 Third Quarter Financial Results
8/14/2015Reports 2015 Second Quarter Financial Results
3/31/2015Reports 2014 Financial Results
8/15/2014Reports 2014 Second Quarter Financial Results and Financing
11/14/2013Reports 2013 Third Quarter Financial Results
8/15/2013Reports 2013 Second Quarter Financial Results
5/15/2013Reports 2013 First Quarter Financial Results
3/29/2013Reports 2012 Financial Results
11/9/2012Reports 2012 Third Quarter Financial Results
8/7/2012Reports 2012 Second Quarter Financial Results
5/11/2012Reports 2012 First Quarter Financial Results
3/30/2012Reports 2011 Financial Results
8/16/2011CORRECTION FROM SOURCE: Imperial Reports 2011 Second Quarter...
8/15/2011Reports 2011 Second Quarter Financial Results
3/22/2011Reports on 2010 Production and Update on Exploration
8/13/2010Reports 2010 Second Quarter Financial Results
5/12/2010Reports 2010 First Quarter Financial Results
4/1/2010Reports 2009 Financial Results
11/13/20092009 Third Quarter Financial Results
8/14/2009Reports 2009 Second Quarter Financial Results
11/7/2008Reports 2008 Third Quarter Financial Results
8/8/2008Reports 2008 Second Quarter Financial Results
5/12/2008Reports 2008 First Quarter Financial Results
3/20/2008 Reports 2007 Financial Results
11/14/2007 Reports Results for the Third Quarter 2007
8/14/2007Reports Results for the Second Quarter 2007
Project news of Imperial Metals Corp
1/30/2015Canada investigation finds flawed design led to mine dam spi...
2/6/2013(Mount Polley)Reports on Mount Polley Exploration Results from Springer Zo...
1/23/2013CORRECTION FROM SOURCE: Imperial Reports Production for 2012...
11/2/2012(Red Chris)oration: Red Chris Project Update
8/22/2012(Mount Polley)oration: Mount Polley Exploration Expands Springer Zone
5/7/2012(Red Chris)Red Chris Project Receives Mine Permit
3/14/2012(Ruddock Creek)oration: Ruddock Creek Resource Tonnage Increased; JV Partne...
2/27/2012Reports Production for 2011 and Forecast for 2012
1/26/2012(Ruddock Creek)oration: Surface Diamond Drilling Continues to Expand the Ru...
1/3/2012(Huckleberry)oration: Huckleberry Mine Expansion Approved
10/25/2011oration: Underground Diamond Drilling Continues to Expand th...
6/14/2011Completes Acquisition of Minority Interests in American Bull...
5/12/2011(Mount Polley)Reports Mount Polley Exploration Results
3/15/2011(Red Chris)2011 TECHNICAL REPORT on the RED CHRIS COPPER-GOLD PROJECT
3/15/2011(Red Chris)Reports Red Chris Technical Report Filed
2/24/2011(Red Chris) Northwest Transmission Line to Power Red Chris
8/17/2010(Huckleberry)Reports Huckleberry Mine Operations Temporarily Suspended as...
8/5/2010(Red Chris)Red Chris Exploration Program Continues to Expand Deep Depos...
7/22/2010(Mount Polley)Mount Polley Expands WX Discovery Zone and Initiates Undergr...
5/17/2010(Mount Polley)Mount Polley Update on Mineral Reserve/Resource Estimates an...
5/11/2010(Huckleberry)Huckleberry Updates Mineral Reserve and Mineral Resource Est...
5/3/2010(Red Chris)Red Chris Mineral Resource Increased and Metallurgy Improved
4/13/2010(Red Chris)Red Chris Drilling Continues to Yield Long Intercepts of Co
1/19/2010(Red Chris)Reports Results from Deep East Zone at Red Chris
1/19/2010(Mount Polley)Discovers Mineralization Near Springer Pit at Mount Polley
1/14/2010! 6 Cent Jr. Acquires Huge Land Position Near High Profile I...
12/11/2009(Red Chris)Reports Results from Deep East Zone at Red Chris
11/10/2009(Red Chris)Red Chris Drill Hole Returns 4.12% Copper and 8.83 g/t Gold ...
11/1/2009Red Chris Drilling Intersects Spectacular Mineralization
8/11/2009(Mount Polley)Update on Mount Polley Exploration
6/30/2009(Huckleberry)Huckleberry Extends Mine Life
3/2/2009(Mount Polley)Reports High Grade Results From Three Zones at Mount Polley
2/19/2009(Red Chris)Reports Red Chris 2008 Drill Results
7/30/2008(Sterling)Reports Sterling Underground Drill Results
7/10/2008(Mount Polley)oration: Mount Polley Mine Sets Production Record and Report...
5/21/2008(Sterling)Reports Further Expansion of 144 Zone at Sterling
3/13/2008(Sterling) Reports Extension of 144 Zone at its Sterling Property
2/19/2008(Mount Polley)Employees at Mount Polley Mine Ratify Extension to Collectiv...
1/25/2008(Bear) Intercepts Demonstrate Continuity of Mineralization at Impe...
1/21/2008(Sterling)Higher Grade Gold Zone Discovered at Imperial's Sterling Pro...
12/11/2007(Red Chris)Deep Drilling at Red Chris Confirms Expansion of Mineralized...
7/3/2007(Mount Polley) Intersects 1.12% Copper Equivalent Over 400 Metres at Mount...
5/14/2007Ramping Into 144 Zone and Continues Exploration Across Expan...
Corporate news of Imperial Metals Corp
7/15/2016Imperial Reports Second Quarter 2016 Production Results
6/23/2016Mount Polley Mine Receives Authorization for Return to Norma...
5/30/2016Imperial Announces Voting Results for the Election of Direct...
5/27/2016Imperial Files Mount Polley Mine Technical Report
5/13/2016Imperial Reports First Quarter 2016 Financial Results
5/12/2016Imperial Extends Maturity Dates and Amends Senior and Second...
4/6/2016Imperial Reports Huckleberry Mines Ltd. Updates Plans for Op...
1/20/2016Imperial Reports 2015 Production
1/6/2016Imperial Reports Huckleberry Mine Suspends Pit Operations
12/19/2015Imperial Comments on the Chief Inspector of Mines' Investiga...
12/19/2015Imperial Comments on the Chief Inspector of Mines’ Investiga...
10/16/2015Imperial Announces Normal Course Issuer Bid
10/14/2015Imperial Announces Third Quarter Production Results
8/25/2015Imperial Closes $30 Million Convertible Debenture Private Pl...
8/22/2015Imperial Closes Fully Subscribed Rights Offering
8/11/2015Imperial Closes $6 Million Private Placement Share Financing
8/7/2015Imperial Announces Passing of Executive Officer
7/21/2015Imperial Files Final Rights Offering Circular and Provides P...
7/9/2015Imperial Reports Receipt of Permit Amendments to Recommence ...
6/24/2015Imperial Reports Extension of Completion Test Date Under Sen...
3/31/2015Imperial Reports 2014 Financial Results
3/3/2015Red Chris Mine Begins Trucking Concentrate
3/3/2015Imperial Metals Corporation: Red Chris Mine Begins Trucking ...
2/18/2015First Production of Copper Concentrate at Red Chris Mine
2/18/2015Imperial Metals Corporation: First Production of Copper Conc...
2/6/2015Imperial Initiates Testing of the Grinding Circuit at the Re...
2/6/2015Imperial Initiates Testing of the Grinding Circuit at the Re...
2/4/2015Canada Stocks to Watch: TMX Group, Newalta, Intact, Imperial...
2/4/2015Imperial Metals Provides Update
1/31/2015Report by the Mount Polley Independent Expert Engineering In...
1/31/2015Imperial Metals Corporation: Report by the Mount Polley Inde...
1/30/2015Engineering probe finds flawed design caused Canada tailing ...
1/26/2015Imperial Reports 2014 Production
1/26/2015Imperial Reports 2014 Production
1/19/2015Imperial Announces New $50 Million Credit Facility
1/19/2015Imperial Announces New $50 Million Credit Facility
12/19/2014Imperial Announces Sale and Transfer of Iskut extension of t...
12/19/2014Imperial Announces Sale and Transfer of Iskut Extension of t...
11/15/2014Imperial Reports 2014 Third Quarter Financial Results
11/14/2014Imperial Announces Normal Course Issuer Bid
10/29/2014Fairholme Fund's Three Recent Portfolio Changes
10/22/2014Imperial Metals Corporation: Mount Polley Remediation Update
10/16/2014Imperial Announces Normal Course Issuer Bid
2/21/2014Reports Increase in Line of Credit Facility
11/8/2013Reports Increase in Line of Credit Facility
9/11/2013Reports Maturity Date of Credit Facilities Extended
6/6/2013(Red Chris)Reports on Red Chris Project Financing Update
3/22/2013Announces Agreement with BC Hydro to Extend the Northwest Tr...
1/7/2013(Mount Polley)Underground Drilling at Mount Polley Boundary Zone Intersect...
11/5/2012(Ruddock Creek)oration: Ruddock Creek Update V Zone Expanded
10/10/2012Announces Normal Course Issuer Bid
5/29/2012(Mount Polley)oration: Mount Polley Update on Mineral Resource Estimate an...
2/15/2012(Red Chris)Files Red Chris Technical Report
2/2/2012(Red Chris)oration: Red Chris Mineral Resource Tonnage Increased by 103...
12/8/2011(Red Chris)oration: Deep Drilling at Red Chris Intersects Mineralizatio...
11/28/2011Announces Two-for-One Stock Split
9/26/2011Announces Normal Course Issuer Bid
8/23/2011(Mount Polley)Reports Mount Polley Mine Underground Drilling Intersects 35...
6/16/2011oration: Early Warning Report Issued Pursuant to National In...
6/10/2011American Bullion Shareholders Approve Plan of Arrangement
5/13/2011and American Bullion Report on Status of Arrangement
4/15/2011and American Bullion Enter into Settlement Agreement
3/29/2011and American Bullion Update on Status of Arrangement
2/5/2011and American Bullion Minerals Ltd=2E: Agreement to Purchase ...
1/24/2011Proud to be British Columbia's Top Mineral Explorer in 2010
7/12/2010Ruddock Creek Project-Memorandum of Understanding Completed
3/25/2010Comments on Market Activity
3/11/2010Reports Cdn$14 Million Unsecured Convertible Debentures Conv...
11/5/2009& Selkirk Complete Business Combination
9/17/2009Announce Investment
9/15/2009Arrangement Agreement with Selkirk Metals Corp=2E Signed
7/27/2009Combination
12/19/2008Supreme Court of Canada Grants Application for Leave to Appe...
11/25/2008Reports Layoff Notices at Mount Polley
9/19/2008Announces Normal Course Issuer Bid
9/16/2008oration: Red Chris Federal Court Ruling Appealed
6/16/2008Reports the Federal Court of Appeal Reverses Lower Court Rul...
3/20/2008 Update on Mount Polley Exploration
2/26/2008Completes $30 Million Working Capital Facility
2/5/2008Increases Working Capital Facility to $30 Million
1/29/2008Arranges $25 Million Working Capital Facility
10/31/2007Appeal Filed in Federal Court Ruling Regarding Imperial's Re...
10/16/2007Over One Kilometre Grading 1.01% Copper and 1.26 g/t Gold In...
9/26/2007Reports on Federal Court Ruling Regarding the Red Chris Proj...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (III.TO)Other OTC (IPMLF)
2.10+1.94%1.55+1.31%
TORONTO
CA$ 2.10
09/19 16:59 0.040
1.94%
Prev close Open
2.06 2.08
Low High
2.05 2.12
Year l/h YTD var.
1.97 -  2.69 -1.87%
52 week l/h 52 week var.
1.87 -  2.69 -4.55%
Volume 1 month var.
70,900 -3.23%
24hGold TrendPower© : -9
Produces Copper - Diamonds - Gold - Molybdenum
Develops Copper - Gold
Explores for Copper - Diamonds - Gold - Lead - Molybdenum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-3.67%2.732.00
202320.44%2.851.70
2022-41.80%4.251.60
2021-39.02%6.252.95
2020155.00%5.120.99
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.09+0.57%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.16+2.81%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+1.18%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.10+1.94%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.38+5.60%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.34+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.85+4.52%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.97+1.49%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.