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Imperial Reports First Quarter 2025 Financial Results
VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (th...
About this update from Imperial Metals Corporation
[{"type":"text","content":"Imperial Reports First Quarter 2025 Financial Results\n\n\n\n VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) --\n \n Imperial Metals Corporation\n \n (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2025.\n \n\n\n QUARTER HIGHLIGHTS\n \n\n\n “Imperial delivered solid operating and financial results for the first quarter of 2025”, said Brian Kynoch, President. “Consolidated production totalled 15,842,336 pounds copper and 17,120 ounces gold which was higher by 28% and 33% respectively, compared to the first quarter of 2024. Financially, we achieved strong operating cash flows of $68.3 million along with revenues of $176.6 million and adjusted EBITDA of $97.7 million.”\n \n\n\n FINANCIAL\n \n\n\n Total revenue was $176.6 million in the March 2025 quarter compared to $84.6 million in the 2024 comparative quarter.\n \n\n In the March 2025 quarter, Mount Polley mine had 1.9 concentrate shipments (2024-1.3 concentrate shipments). The Red Chris mine (100% basis) had 5.0 concentrate shipments (2024-4.0 concentrate shipments).\n \n\n Variations in revenue are impacted by the timing and quantity of concentrate shipments, metal prices and exchange rates, and period end revaluations of revenue attributed to concentrate shipments where copper and gold prices will settle at a future date.\n \n\n The London Metals Exchange cash settlement copper price per pound averaged US$4.24 in the March 2025 quarter compared to US$3.83 in the 2024 comparative quarter. The LBMA (London Bullion Market Association) Final and Initial gold price per troy ounce averaged US$2,862 in the March 2025 quarter compared to US$2,072 in the 2024 comparative quarter. The average US/CDN Dollar exchange rate was 1.435 in the March 2025 quarter, 6.4% higher than the exchange rate of 1.349 in the March 2024 quarter. In CDN Dollar terms the average copper price in the March 2025 quarter was CDN$6.08 per pound compared to CDN$5.17 per pound in the 2024 comparative quarter, and the average gold price in the March 2025 quarter was CDN$4,108 per ounce compared to CDN$2,795 per ounce in the 2024 comparative quarter.\n \n\n A positive revenue revaluation in the March 2025 quarter was $10.0 million as compared to a negative revenue revaluation of $0.2 million the 2024 comparative quarter. Re...