Canada's Imperial Metals Q1 revenue falls on lower output

Overview

• Canada copper miner's Q1 revenue declined yr/yr due to lower metal production

• Adjusted EPS for Q1 fell to C$0.08 from C$0.26 a year ago

• Company says higher commodity prices offset lower production; annual guidance unchanged

Outlook

• Imperial expects Mount Polley 2026 output of 19–21 mln lbs copper, 40,000–44,000 oz gold

• Company maintains Red Chris 2026 guidance at 60–66 mln lbs copper, 47,500–52,500 oz gold (100% basis)

• Imperial targets completion of Red Chris block cave feasibility study in H2 2026

Result Drivers

• LOWER METAL PRODUCTION - Q1 copper and gold output declined at Mount Polley and Red Chris due to lower grades, recoveries, and throughput, as forecast in mine plans

• HIGHER METAL PRICES - Increased copper and gold prices helped offset the impact of lower production, supporting revenue

• SHIPMENT TIMING - Fewer concentrate shipments at Mount Polley and Red Chris affected revenue compared to the prior year

Company press release: ID:nGNX8v06MZ

Key Details

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