Imperial Metals reports higher copper and gold output
Vancouver-based Imperial Metals has reported higher quarterly copper and gold production, with the Mount Polley and Red Chris mines, in British Columbia, growing output in the three months ended June.
The TSX-listed firm’s production for the second quarter was 11.18-million pounds of copper and 14 289 oz of gold, of which 7.06-million pounds of copper and 10 185 oz of gold were produced at Mount Polley and 4.12-million pounds of copper and 4 104 oz of gold were from Imperial’s 30% share of Red Chris mine production.
Total production increased this quarter compared with 10.16-million pounds of copper and 13 129 oz of gold produced in the previous quarter.
Imperial owns Red Chris in a venture with Australia-based major Newcrest.
Meanwhile, the company said that the Red Chris block cave feasibility study would be completed in the second half of the year. Several optimisation opportunities to unlock further value were being assessed as part of the study, including options for the initial extraction level of the first block cave and alternative plant expansion options.
Newcrest is reviewing various options to offset any inflationary cost pressures on future capital expenditure and operating costs. Progress towards block cave mining is advancing with the exploration decline at 3 245 m as of July 20, and the ventilation fans have been commissioned in the first ventilation raise.
The exploration programme at Red Chris is focused on the discovery of additional zones of higher-grade mineralisation within the Red Chris porphyry corridor. During the quarter, there were up to four diamond drill rigs in operation, and a further 6 947 m of drilling was completed during the quarter from 11 drill holes.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
