Imperial Reports Second Quarter 2025 Financial Results

Core Insights - Imperial Metals Corporation reported strong operational and financial results for the second quarter of 2025, aligning with guidance and driven by higher throughput and metal grades at its Mount Polley and Red Chris mines [2][3]. Financial Performance - Total revenue for the June 2025 quarter was CAD 175.8 million, up from CAD 131.7 million in the same quarter of 2024, reflecting a significant increase in operational performance [3][24]. - Adjusted EBITDA for the quarter was CAD 99.5 million, compared to CAD 54.0 million in the 2024 comparative quarter, indicating improved profitability [30][25]. - Net income for the June 2025 quarter was CAD 40.6 million (CAD 0.25 per share), up from CAD 20.4 million (CAD 0.13 per share) in the 2024 comparative quarter, driven by increased production and higher metal prices [7][24]. Production and Operations - Consolidated production for the first half of 2025 totaled 32,381,617 pounds of copper and 34,968 ounces of gold, with production from Mount Polley and Red Chris contributing significantly [2][10]. - The Mount Polley mine processed 1.759 million tonnes of ore in the second quarter of 2025, a 2.6% increase from the previous year, with copper and gold production also up due to improved grades and recovery [11][12]. - Red Chris mine production for the second quarter of 2025 was 23,479,231 pounds of copper and 22,624 ounces of gold, reflecting a 13% increase in copper production compared to the same quarter of 2024 [15][16]. Capital Expenditures - Capital expenditures for the June 2025 quarter were CAD 64.1 million, an increase from CAD 55.9 million in the 2024 comparative quarter, with significant investments in exploration and development [7][14]. Market Conditions - The average copper price in the June 2025 quarter was CAD 5.98 per pound, slightly down from CAD 6.05 per pound in the 2024 comparative quarter, while the average gold price rose to CAD 4,540 per ounce from CAD 3,199 per ounce [5][6]. Exploration and Development - The Red Chris Block Cave Feasibility Study is progressing, with approximately 11,727 metres of development completed as of June 30, 2025 [19]. - Exploration activities are ongoing, including diamond drilling at the Whiting Creek area, targeting a strong magnetic anomaly [21].