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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.


TSX:III - Post by User

Bullboard Posts
Comment by impeon Nov 14, 2018 3:18pm
75 Views
Post# 28974888

RE:RE:Confrence Call re-hash

RE:RE:Confrence Call re-hash

Operator

[Operator Instructions] Our first question comes from Nick Jarmoszuk with Stifel. Your line is now open.

Nick Jarmoszuk

First one, you mentioned a JV partner for Red Chris, can you confirm that that's for the underground ore body? Or is that - would that include some of the open pit as well?

Brian Kynoch

It will likely - yes, it's Red Chris' entirety, I would say. Not just the open pit, not just the underground.

Nick Jarmoszuk

And then in terms of those discussions in the quarter regarding the restructuring that's ongoing. Is the restructuring predicated on how this JV is structured?

Brian Kynoch

I don't know about predicated on, I think it's - the JV that we've been discussing is one of the alternatives for restructuring, and so parallel with that, the special committee is looking at other alternatives. So there's kind of 2 alternatives, not one predicated on the other.
 

Nick Jarmoszuk

Given that first quarter '19 is coming up rather quickly, can you give us a sense of what sort of restructuring time lines we should be thinking about? And whether - just what the mine market should be?

Brian Kynoch

We think there might be kind of 2 phases to it. So we're hopeful, one part of it would be before the end of the year and then probably another part of it early in the next year. We'll have to be early - by February.

Bullboard Posts