Business
Imperial Metals Reports 2018 Financial Results
VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for its fiscal y
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for its fiscal year ended December 31, 2018. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2018 2017 2016 Total revenues $360,173 $453,113 $428,218 Net income (loss) $(125,595 ) $ 77,113 $(54,080 ) Net income (loss) per share $ (1.06 ) $ 0.82 $(0.66 ) Diluted income (loss) per share $ (1.06 ) $ 0.82 $(0.66 ) Adjusted net loss (1) $(84,763 ) $(62,626 ) $(56,784 ) Adjusted net loss per share (1) $(0.71 ) $(0.66 ) $(0.69 ) Adjusted EBITDA(1) $33,268 $ 88,457 $106,624 Working capital deficiency $789,470 $238,269 $89,108 Total assets $1,573,903 $1,723,768 $1,527,778 Total debt (including current portion) $871,268 $852,378 $835,365 Cash flow (1)(2) $143,449 $88,381 $107,591 Cash flow per share (1)(2) $1.21 $0.94 $1.32 (1) Refer to Non-IFRS Financial Measures in the Management’s Discussion & Analysis. (2) Cash flow is defined as the cash flow from operations before the net change in non-cash working capital balances, income and mining taxes, and interest paid. Cash flow per share is defined as Cash flow divided by the weighted average number of common shares outstanding during the year. Select Items Affecting Net Income (Loss) (presented on an after-tax basis) Years Ended December 31 expressed in thousands 2018 2017 Net income (loss) before undernoted items $(26,923 ) $(6,182 ) Interest expense (57,249 ) (55,887 ) Foreign exchange gain (loss) on non-current debt (36,949 ) 29,280 Impairment of mineral properties (79,719 ) - Gain on bargain purchase of Huckleberry and revaluation of equity investment in Huckleberry - 109,818 Settlement and insurance recoveries 74,949 - Gain on sale of Sterling 296 641 Share of loss in Huckleberry - (557 ) Net Income (Loss) $(125,595 )...