Business
Imperial Metals Reports Production for Second Quarter 2024
VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from the Mount Polley and Red Chris mines. Imperial’s production for the second quarter was 15.501 million pounds copper and 13,768 ounces gold, of which 9.281 million pounds copper and 10,009 ounces gold were produced at Mount Polley and 6.219 million pounds copper and 3,759 ounces gold from Imperial’s 30% share of Red Chris mine production. Copper production was up 26% from the 12.353 million pounds copper produced in the first quarter 2024 and gold production was up 7% from the 12,861 ounces gold produced in the first quarter 2024. Mount Polley Mine Mount Polley metal production for the second quarter of 2024 was 9.281 million pounds copper and 10,009 ounces gold, compared to 7.355 million pounds copper and 10,009 ounces gold produced during the first quarter of 2024. Mill throughput in the second quarter 2024 was up 3%, with 1.714 million tonnes being treated compared with 1.671 million tonnes treated in the first quarter of 2024. Copper production in the second quarter of 2024 was up by 26% largely on higher grade of 0.294% copper versus 0.251% copper in the first quarter of 2024. Gold production was the same for each of the first and second quarters of 2024. For the first six months of 2024, copper production was up 21% compared to the same period last year with 20% increase in throughput while gold production was down 1%, with lower gold grades and recovery offsetting the higher throughput. Mount Polley mine production Three Months Ended June 30 Six Months Ended June 30 2024 2023 2024 2023 Ore milled - tonnes 1,714,330 1,430,842 3,385,835 2,820,478 Ore milled per calendar day - tonnes 18,839 15,724 18,603 15,583 Grade % - copper 0.294 0.280 0.273 0.275 Grade g/t - gold 0.263 0.324 0.272 0.318 Recovery % - copper 83.4 79.9 81.6 80.5 Recovery % - gold 69.2 68.3 67.6 69.8 Copper - 000’s pounds 9,281 7,063 16,637 13,741 Gold - ounces 10,009 10,185 20,018 20,165 Tailings removal from the Springer Pit was completed in May 2024. Stripping for Phase 5 pushback of the Springer Pit continued, with most of the non-acid generating rock from this pushback being delivered to the ta...