Canada's Imperial Metals Q2 revenue falls on lower mine output

Imperial Metals

07/08/2026 24:01

Overview
Canada copper and gold miner's Q2 revenue fell yr/yr on lower production at key mines
Adjusted EPS for Q2 declined yr/yr as lower ore grades impacted earnings
Company received permits at Mount Polley and Red Chris, extending mine life

Outlook
Company maintains 2026 Red Chris production guidance at 60–66 mln lbs copper, 47,500–52,500 oz gold
Mount Polley expected to process higher grade ore in Q4 2026, reducing use of lower grade stockpiles
Red Chris block cave feasibility study completion targeted for H2 2026, with JV approval pending study outcome

Result Drivers
LOWER GRADES - Co said reduced copper and gold grades at Mount Polley and Red Chris led to lower production in Q2
LOW-GRADE STOCKPILES - High percentage of low-grade stockpile material processed at Mount Polley resulted in reduced copper and gold output
RED CHRIS MILL FEED - Lower copper and gold grades in Red Chris mill feed and decreased throughput contributed to production declines

Company press release: ID:nGNX811hMM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$166.52 mln
 
Q2 Adjusted EPS
 
C$0.13
 
Q2 EPS
 
C$0.12
 
Q2 Adjusted Net Income
 
C$22.61 mln
 
Q2 Net Income
 
C$21.98 mln
 
Q2 Adjusted EBITDA
 
C$69.97 mln
 

Reuters Recommended Reads
Aug 5 - Canada's Lundin Mining Q2 revenue rises on higher copper, gold prices
Aug 5 - Ero Copper Q2 revenue beats estimates, reaffirms 2026 copper production guidance
Aug 6 - Canada's B2Gold Q2 revenue and adjusted EPS miss estimates, narrows 2026 gold production guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)