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Imperial Reports Production Update for 2025 First Quarter and Petition Filed Relating to the Mount Polley Tailings Storage Facility Raise
Globenewswire· 2025-04-23 22:31
Core Viewpoint - Imperial Metals Corporation reported significant increases in copper and gold production for Q1 2025 compared to Q1 2024, with copper production up 28% and gold production up 33% [1] Production Summary Mount Polley Mine - Copper production for Q1 2025 was 8.904 million pounds, up from 7.355 million pounds in Q1 2024, representing a 21% increase [2][3] - Gold production for Q1 2025 was 10,621 ounces, compared to 10,009 ounces in Q1 2024, a 6% increase [2][3] - Ore milled increased to 1,721,769 tonnes in Q1 2025 from 1,671,505 tonnes in Q1 2024, a 3% increase [3] - Copper grade improved to 0.282% in Q1 2025 from 0.251% in Q1 2024, while gold grade slightly decreased to 0.275 g/t from 0.282 g/t [3] - Recovery rates for copper and gold improved to 83.3% and 69.8% respectively in Q1 2025, compared to 79.4% and 66.0% in Q1 2024 [3] Red Chris Mine - Copper production for Q1 2025 was 23.126 million pounds, up from 16.660 million pounds in Q1 2024, a 39% increase [5][6] - Gold production for Q1 2025 was 21,663 ounces, compared to 9,507 ounces in Q1 2024, a 128% increase [5][6] - Ore milled decreased slightly to 2,049,475 tonnes in Q1 2025 from 2,100,354 tonnes in Q1 2024 [6] - Copper grade increased significantly to 0.62% in Q1 2025 from 0.43% in Q1 2024, while gold grade improved to 0.54 g/t from 0.26 g/t [6] - Recovery rates for copper and gold were 82.6% and 60.5% respectively in Q1 2025, compared to 83.4% and 53.6% in Q1 2024 [6] Legal and Community Engagement - Xatśūll First Nation filed a Petition in the Supreme Court of British Columbia seeking a judicial review of decisions that authorized an increase in the height of the dam at the Tailings Storage Facility [8][9] - The petition alleges that the decisions were made without a legally required environmental assessment and breached duties owed to Xatśūll as an Indigenous people [9] - Imperial and its subsidiary, Mount Polley Mining Corporation, have engaged with Indigenous communities, including Xatśūll, throughout the permitting process and have maintained a positive relationship with the Williams Lake First Nation [10]
Intrepid Metals Receives Drill Permits and Resumes Exploration Activities at Corral Copper
Newsfile· 2025-04-22 11:00
Intrepid Metals Receives Drill Permits and Resumes Exploration Activities at Corral Copper April 22, 2025 7:00 AM EDT | Source: Intrepid Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that drill permits for an approximately 5,000 meter ("m") Phase 2 drill program (the "Phase 2 Drill Program") have been received for the Corral Copper Project ("Corral" or the "Property"), locat ...
Nexa Resources Prices Offering of US$500 Million 6.600% Senior Unsecured Notes Due 2037
Newsfile· 2025-04-01 23:47
Core Viewpoint - Nexa Resources has priced an offering of US$500 million in senior unsecured notes with a 6.600% interest rate, maturing in 2037, with the closing expected on April 8, 2025 [1][3]. Group 1: Offering Details - The offering consists of US$500 million in senior unsecured notes due in 2037 [1]. - The notes are guaranteed by Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A. [2]. - The notes will be sold only to qualified institutional buyers and non-U.S. persons, adhering to specific regulations under the U.S. Securities Act [4]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to fund a cash tender offer for existing notes due in 2027 and 2028 [3]. - Remaining proceeds will be allocated for the redemption of any existing notes due in 2027 not repurchased in the tender offers and for general corporate purposes, including liability management transactions [3]. Group 3: Company Overview - Nexa Resources is a large-scale, low-cost integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting in Latin America [6]. - The company operates four long-life underground polymetallic mines and one low-cost open pit mine in Peru, along with three smelters in Brazil and Peru [6]. - In 2024, Nexa was among the top five producers of mined zinc globally and one of the top five metallic zinc producers worldwide, according to Wood Mackenzie [7].
T2 Metals Completes Winter Drill Program at Sherridon Copper-Gold Project, Manitoba and Earns 90%
Newsfile· 2025-03-26 12:00
Core Insights - T2 Metals Corp. has completed its winter core drilling program at the Sherridon copper-gold project, achieving a total of 1,120 meters drilled in four holes [1][4] - The drilling program has allowed T2 Metals to fulfill expenditure milestones to achieve 90% ownership of the Sherridon project under an Option Agreement with Halo Resources Ltd [3][4] - The project is characterized by high-grade volcanogenic massive sulphide (VMS) deposits and has a significant mining history, with multiple copper-rich occurrences [4] Drilling Program Details - The winter 2025 drilling program utilized frozen ground for easier access and reduced environmental impact, focusing on new near-surface areas away from historical resources [1][2] - The program tested combined geophysical (VTEM) and geochemical targets, with three holes exploring new areas [2] - Previous drilling in 2023 and 2024 intersected high-grade copper and gold, with notable results including 6.49 meters at 1.82% Cu and 0.74 g/t Au [4] Ownership and Financial Aspects - Completion of the drilling program fulfills the requirements for T2 Metals to own 90% of the Sherridon project, with no further expenditure commitments under the Option Agreement [3] - Halo Resources Ltd has the option to fund pro-rata or convert to a 1.5% net smelter royalty, which T2 Metals can purchase for C$2,000,000 at any time [3] Support and Collaboration - The winter drilling program was supported by the Kiciwapa Cree First Nation and co-funded by the Manitoba Mineral Development Fund [5]