Imperial Metals Corp T.III

Alternate Symbol(s): IPMLF

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% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.

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Imperial Metals Corp

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Comment by impeon Apr 01, 2017 12:11pm

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Post# 26062755

RE:RE:RE:RE:earnings

From the report - Fourth Quarter.

"Expenditures for exploration and ongoing capital projects at Mount Polley, Red Chris and Sterling totaled $88.3 million during the three months ended December 31, 2016 compared to $7.1 million in the 2015 comparative quarter. The fourth quarter of 2016 included $57.2 million for the Company’s share of construction of the Northwest Transmission Line that it is obligated to reimburse to BC Hydro."

$81.2 million more for capex than 4th quarter 2015, and $57.2 million to BC Hydro. Otherwise, the fourth quarter looked decent. Better recoveries and higher grade ore in the near future.

Cash cost of $1.37 per pound at Red Chris.

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