Imperial Metals (TSE:III) has released an update.
Imperial Metals Corporation has reported a first quarter net loss of $9.2 million, which is a slight increase from the previous year’s $7.3 million loss, despite a rise in Adjusted EBITDA to $10.3 million. Total revenue dropped to $84.6 million compared to $92.7 million in the same quarter of 2023, influenced by fluctuations in metal prices and shipment timings. Capital expenditures surged to $36.2 million, with significant investments in exploration and development.
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