Overview
Imperial Metals Q3 revenue rises to $168.8 mln, driven by higher metal prices
Net income for Q3 increases to $38.5 mln, supported by higher mine income
Company remains on track to meet 2025 production targets despite lower Q3 output
Outlook
Company expects 2025 copper production to reach about 30 mln pounds, exceeding original target
Company anticipates 2025 gold production to be about 40,000 ounces
Company advancing Red Chris block cave feasibility study, potential investment decision next year
Result Drivers
HIGHER THROUGHPUT - Increased throughput at Mount Polley
HIGHER METAL PRICES - Revenue and financial results benefited from increased copper and gold prices
COPPER AND GOLD GRADES - Higher copper and gold grades at Red Chris supported production targets
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
C$0.23
Q3 EPS
C$0.23
Q3 Adjusted EBITDA
C$92.50 mln
Press Release: ID:nGNX2rgmsb
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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.)