Canada's Imperial Metals Q1 revenue falls on lower output

Imperial Metals

06/05/2026 23:18

Overview

Canada copper miner's Q1 revenue declined yr/yr due to lower metal production

Adjusted EPS for Q1 fell to C$0.08 from C$0.26 a year ago

Company says higher commodity prices offset lower production; annual guidance unchanged

Outlook

Imperial expects Mount Polley 2026 output of 19–21 mln lbs copper, 40,000–44,000 oz gold

Company maintains Red Chris 2026 guidance at 60–66 mln lbs copper, 47,500–52,500 oz gold (100% basis)

Imperial targets completion of Red Chris block cave feasibility study in H2 2026

Result Drivers

LOWER METAL PRODUCTION - Q1 copper and gold output declined at Mount Polley and Red Chris due to lower grades, recoveries, and throughput, as forecast in mine plans

HIGHER METAL PRICES - Increased copper and gold prices helped offset the impact of lower production, supporting revenue

SHIPMENT TIMING - Fewer concentrate shipments at Mount Polley and Red Chris affected revenue compared to the prior year

Company press release: ID:nGNX8v06MZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$154.60 mln
Q1 Adjusted EPS
C$0.08
Q1 EPS
C$0.08
Q1 Net Income
C$14.40 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)