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Bullboard - Stock Discussion Forum Imperial Metals Corp T.III

Alternate Symbol(s):  IPMLF

Consumer Cyclical Metals & Mining Advertising Agencies Copper
Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100... see more

TSX:III - Post Discussion

Imperial Metals Corp > how is this place still losing money...
View:
Post by Bravohit on Nov 11, 2021 1:01pm

how is this place still losing money...

Serious quesiton...how...i read the financial statment...how is this place losing money....why is Mt Polley loss 5.8 Million???? this quarter alone......What the H are they doing there....

God someone please make sense of this...

BH
Comment by Freemealforall on Nov 11, 2021 1:53pm
It is not only the loss, investing (tailing damm upgrade) is a big IF - as it seems reopening "project" update takes them ages !!!!
Comment by diamondlessnono on Nov 11, 2021 3:26pm
I've been asking those ?'s for yrs.
Comment by miningfundi on Nov 11, 2021 3:41pm
The Mt Polley cost is one of the biggest items in the income statement, but there is no detailed breakdown of the $5.8 million cash cost, just the following generalisation - really sub-standard reporting! Mount Polley operations ceased in May 2019 and the mine remains on care and maintenance status. The mine restart plan prepared in 2019, is being updated to include revised pit designs, results ...more  
Comment by temeraire on Nov 12, 2021 7:56am
We've all been here a long time now - jockeying back and forth about the size of the prize as it concerned RC.  Brutal truth now is that there is now growth strategy, willingness of our controlling shareholder to build a bigger stronger mining company.  Control of the prize has been sold leaving us with a rump of b-grade assets.  Bryan K has NEVER delivered - go back and read ...more  
Imperial Metals Corp