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Imperial Metals Corp (III.TO)

III.TO on Toronto Stock Exchange

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15 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Imperial Announces Normal Course Issuer Bid
Thursday, 22 Mar 2018 09:00am EDT 

March 22 (Reuters) - Imperial Metals Corp ::IMPERIAL ANNOUNCES NORMAL COURSE ISSUER BID.IMPERIAL METALS - ‍CO MAY PURCHASE UP TO 525,864 SHARES, WHICH REPRESENTS 0.45% OF TOTAL 116,858,746 SHARES OF CO ISSUED & OUTSTANDING AS OF MARCH 21​.  Full Article

Imperial Reports ‍Q4 Production Totaled 4.02 Mln Pounds Copper And 10,252 Ounces Gold At Mount Polley Mine​
Thursday, 11 Jan 2018 04:52pm EST 

Jan 11 (Reuters) - Imperial Metals Corp ::IMPERIAL REPORTS 2017 PRODUCTION AND 2018 PRODUCTION TARGETS.IMPERIAL METALS CORP - ‍Q4 PRODUCTION TOTALED 23.23 MILLION POUNDS COPPER AND 13,020 OUNCES GOLD AT RED CHRIS MINE​.IMPERIAL METALS - ‍2018 PRODUCTION TARGET FOR RED CHRIS IS 72-77 MILLION POUNDS COPPER & 31,000-33,000 OUNCES GOLD​.IMPERIAL METALS CORP - 2018 PRODUCTION TARGET FOR MOUNT POLLEY IS 17-19 MILLION POUNDS COPPER AND 44-47 THOUSAND OUNCES GOLD.IMPERIAL METALS CORP - ‍Q4 PRODUCTION TOTALED 4.02 MILLION POUNDS COPPER AND 10,252 OUNCES GOLD AT MOUNT POLLEY MINE​.IMPERIAL METALS - ‍MINING IN CARIBOO PIT WILL BE COMPLETED IN MID-2018 RESULTING IN TEMPORARY REDUCTION IN MINE OPERATIONS STAFF IN 2018 & 2019​.  Full Article

Imperial Metals says rights offering to raise upto about C$42.4 mln
Monday, 20 Nov 2017 11:29pm EST 

Nov 20 (Reuters) - Imperial Metals Corp -:Imperial announces rights offering.To conduct rights offering to raise net proceeds of up to approximately C$42.4 million.Issues rights to subscribe for an aggregate of 19.1 million common shares of company at a subscription price of C$2.25 per common share​.  Full Article

Imperial Metals reports Q3 loss per share of C$0.02
Wednesday, 15 Nov 2017 02:41am EST 

Nov 15 (Reuters) - Imperial Metals Corp -:Imperial reports third quarter 2017 financial results.Q3 adjusted loss per share C$0.20.Q3 loss per share C$0.02.Q3 revenue fell 7 percent to C$90.2 million.Q3 earnings per share view C$-0.08 -- Thomson Reuters I/B/E/S.‍Capital expenditures were C$22.2 million in September 2017 quarter, down from C$27.5 million in 2016 comparative quarter.Sees 2017 ‍metal production between 96-102 million pounds copper and 84-92 thousand ounces gold..‍Metal production for 2017 is not expected to meet targets set in July​.  Full Article

IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN
Friday, 27 Oct 2017 08:55am EDT 

Oct 27 (Reuters) - Imperial Metals Corp :IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN.‍IT HAS CONCLUDED ITS DISCUSSIONS WITH ITS SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY LENDERS​.SENIOR CREDIT & SECOND LIEN LENDERS AGREED TO PERMANENTLY WAIVE BREACH OF EBITDA COVENANT RELATED TO QUARTER ENDED JUNE 30.SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY​ WILL BE EXTENDED TO OCT 1, 2018 AND DEC 1, 2018 RESPECTIVELY.‍BOARD ALSO APPROVED ESTABLISHMENT OF NEW $10 MILLION UNSECURED DEBT FACILITY TO BE PROVIDED BY AN AFFILIATE OF EDWARDS​.‍APPROVED OFFERING FOR HOLDERS OF COMMON SHARES BY ISSUE OF RIGHTS ENTITLING THEM TO SUBSCRIBE FOR ABOUT $40 MILLION OF SHARES​.  Full Article

Imperial Q2 earnings per share C$0.68
Monday, 14 Aug 2017 09:03pm EDT 

Aug 14 (Reuters) - Imperial Metals Corp :Imperial reports second quarter 2017 financial results & covenant waiver under senior credit facility.Q2 adjusted loss per share C$0.24.Q2 earnings per share C$0.68.Q2 revenue fell 8 percent to C$106.7 million.Q2 earnings per share view C$-0.17 -- Thomson Reuters I/B/E/S.  Full Article

Mount Polley Mine operations temporarily suspended
Monday, 17 Jul 2017 02:35pm EDT 

July 17 (Reuters) - Imperial Metals Corp ::Mount polley mine operations temporarily suspended.Says ‍due to continuing forest fire situation, Cariboo regional district issued evacuation order for city of Williams Lake, surrounding areas​.Says mine is not under any immediate threat from forest fires.Says as result of evacuation order, increased restrictions on highway use in area, Mount Polley mine operations suspended on July 15.  Full Article

Imperial Metals Corp says Mount Polley mine operations impacted by forest fires
Monday, 10 Jul 2017 02:59pm EDT 

July 10 (Reuters) - Imperial Metals Corp ::Mount Polley mine operations impacted by forest fires.Says reorganizing crews and adjusting charter flights into Dease Lake to maintain staffing levels at Red Chris mine.Forest fires in south central British Columbia impacting operations at Mount Polley mine site, located 56 km northeast of Williams Lake.Should critical supplies such as fuel not be available due to road closures, mine may be forced to suspend operations.  Full Article

Imperial announces Q2 production results, non-compliance with certain bank debt covenants
Thursday, 6 Jul 2017 10:04am EDT 

July 6 (Reuters) - Imperial Metals Corp ::Announces second quarter production results and non-compliance with certain bank debt covenants.Says revised production target for year is in range of 80 to 83 million pounds of copper.Says is unlikely to meet lower end of its 2017 targeted copper production level of 85 million pounds of copper.Says will not meet certain of financial covenants under its bank senior credit facility.Says initiated discussions with its senior credit facility lenders and has requested a waiver of these covenants.Says is in process of revising ongoing mine plans for both Red Chris and Mount Polley mines.Says as result of weak production in H1 2017, co will require extra financing, will consider all options, including review of strategic alternatives.Says gold production at Red Chris for 2017 expected to be about 40 thousand ounces,lower end of targeted range of 40 to 45 thousand ounces.  Full Article

Imperial Q1 adjusted loss per share C$0.24
Monday, 15 May 2017 06:24pm EDT 

May 15 (Reuters) - Imperial Metals Corp ::Imperial reports first quarter 2017 financial results.Q1 adjusted loss per share C$0.24.Q1 loss per share C$0.20.Q1 revenue fell 15 percent to C$115.7 million.Q1 earnings per share view C$-0.01 -- Thomson Reuters I/B/E/S.Imperial Metals-copper and gold production targets for 2017 from red chris, mount polley mines remains within previous guidance but at lower end of range.Imperial Metals Corp - higher copper production is targeted for second half of 2017 when grades are expected to be higher at red chris.  Full Article

BRIEF-Imperial Reports Q1 Loss Per Share C$0.14

* Q1 EARNINGS PER SHARE VIEW C$0.04 -- THOMSON REUTERS I/B/E/S