Canada's Imperial Metals Q3 revenue falls on lower shipments and grades

Imperial Metals

05/11/2026 22:22

Overview
Canada copper and gold miner's Q3 revenue and adjusted EPS fell sharply yr/yr
Company cites lower concentrate shipments and lower grades for revenue and profit declines
2026 Mount Polley production guidance revised down due to Phase 5 ore delays

Outlook
Imperial expects 2026 consolidated production of 79-87 mln lbs copper and 87,500-96,500 oz gold
Company revises 2026 Mount Polley output guidance to 16-18 mln lbs copper, 30,500-33,700 oz gold
Red Chris Block Cave feasibility study expected to complete in early 2027, with construction targeted for 2027

Result Drivers
LOWER GRADES AND RECOVERY - Co said lower metal grades and lower copper recovery at Mount Polley led to reduced copper and gold production in Q3
CONCENTRATE SHIPMENT TIMING - Co attributed revenue variation to timing and quantity of concentrate shipments, as well as metal prices and exchange rates
RED CHRIS PRODUCTION DROP - Co said Red Chris copper and gold production fell due to lower grades and recovery, partially offset by higher throughput

Company press release: ID:nGNXYT3Dy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
C$149.88 mln
 
Q3 Adjusted EPS
 
C$0.01
 
Q3 EPS
 
C$0.01
 
Q3 Adjusted Net Income
 
C$1.20 mln
 
Q3 Net Income
 
C$1.16 mln
 
Q3 Adjusted EBITDA
 
C$45.14 mln
 

Reuters Recommended Reads
Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance
Nov 4 - Canada's Lundin Mining Q3 revenue up on copper prices; cuts FY copper production forecast on severe weather
Nov 5 - Canada's Lundin Gold Q3 revenue rises on record gold production, higher prices

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.)