Imperial Provides Update on Red Chris 2024 Production and Production Guidance for 2025

Core Viewpoint - Imperial Metals Corporation reported significant increases in metal production for 2024, with copper production reaching 85,320,618 pounds and gold production at 59,811 ounces, surpassing 2023 figures due to higher grades and recoveries [1][2]. Group 1: Production Highlights - Red Chris mine's 2024 production included 85,320,618 pounds of copper and 59,811 ounces of gold, up from 57,051,467 pounds of copper and 46,046 ounces of gold in 2023 [1]. - Imperial's 30% share of Red Chris production for 2024 was 25,595,185 pounds of copper and 17,943 ounces of gold, compared to 17,115,440 pounds of copper and 13,814 ounces of gold in 2023 [2]. - Newmont Mining Corporation's guidance for Red Chris mine production in 2025 is set at 88 million pounds of copper and 86,000 ounces of gold [2]. Group 2: Future Production Expectations - Both copper and gold production at Red Chris are expected to increase in 2025, with a projected 50% rise in gold production compared to 2024 [3]. - The production target for Mount Polley in 2025 is set between 25.0 - 27.0 million pounds of copper and 35,000 - 40,000 ounces of gold, with copper production expected to be lower than in 2024 [4]. - Phase 4 Springer Pit ore, which has a higher recoverable copper grade, is anticipated to be fully mined by the third quarter of 2025 [4].