Imperial Metals Posts Lower Q3 Production YoY from Red Chris, Mount Polley Mines

06:14 AM EDT, 10/23/2026 (MT Newswires) -- Imperial Metals (III.TO) on Thursday reported third-quarter production from the Red Chris mine of 14.8 million pounds of copper and 12,391 ounces of gold, both down from 20.9 million pounds of copper and 21,660 ounces of gold in the year-ago quarter. Third-quarter production from the Mount Polley mine was 4.1 million pounds of copper and 7,931 ounces of gold, also down from 7.7 million pounds of copper and 9,285 ounces of gold. Consolidated production from its 30% share of Red Chris and 100% of Mount Polley is 8.5 million pounds of copper and 11,648 ounces of gold. The company expects consolidated production to achieve the full-year 2026 guidance of 79 million to 87 million pounds of copper and 87,500 to 96,500 ounces of gold. The feasibility study for the Red Chris Block Cave project is nearing completion, with a full funds investment decision expected in early 2027. On a 100% ownership basis, the first phase of the project is expected to produce 3.0 million ounces of gold and more than 1.8 billion pounds of copper over the initial 13-year cave life. Construction of the project is expected to start in 2027, aiming for first production in 2033.