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Imperial Metals
(TSX:III)
Imperial Metals (III) vs. iShares MSCI Canada ETF (EWC)
Imperial Metals Business Overview & Revenue Model
Imperial Metals Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 494.37M | 344.45M | 172.80M | 133.59M | 148.10M |
| Gross Profit | 161.22M | -13.72M | -28.72M | 10.43M | 20.63M |
| EBITDA | 215.11M | 22.81M | -35.88M | 14.94M | 35.54M |
| Net Income | 106.26M | -36.72M | -75.97M | -26.07M | -4.89M |
Balance Sheet | |||||
| Total Assets | 1.66B | 1.41B | 1.30B | 1.19B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 58.12M | 24.94M | 27.54M | 33.39M | 34.15M |
| Total Debt | 372.85M | 319.79M | 197.79M | 34.98M | 2.42M |
| Total Liabilities | 834.25M | 695.76M | 563.97M | 423.25M | 362.84M |
| Stockholders Equity | 823.63M | 716.23M | 735.73M | 763.10M | 728.48M |
Cash Flow | |||||
| Free Cash Flow | -26.84M | -126.28M | -231.26M | -87.18M | -49.76M |
| Operating Cash Flow | 155.41M | -3.81M | -86.76M | 15.02M | 23.84M |
| Investing Cash Flow | -161.07M | -125.33M | -127.82M | -102.91M | -77.14M |
| Financing Cash Flow | 37.62M | 126.56M | 208.27M | 87.21M | -1.50M |
Imperial Metals Technical Analysis
Imperial Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$709.23M | 3.98 | 21.64% | ― | 64.90% | ― | |
53 Neutral | C$428.34M | ― | -5.68% | ― | ― | 12.55% | |
44 Neutral | C$915.00M | -8.74 | -0.23% | 2.71% | 20.34% | -40.71% | |
| ― | $243.04M | 15.48 | 14.89% | 5.72% | ― | ― | |
48 Neutral | C$289.83M | ― | -85.57% | ― | ― | -15.81% | |
43 Neutral | C$1.05B | ― | -13.43% | ― | ― | -83.79% | |
39 Underperform | C$218.57M | 35.73 | 7.53% | ― | ― | ― |
Imperial Metals Corporate Events
Imperial Metals reported strong financial results for the second quarter of 2025, with significant increases in revenue and net income compared to the previous year. The company achieved higher copper and gold production at its Mount Polley and Red Chris mines, aligning with its 2025 guidance. The improved financial performance was driven by increased throughput, favorable metal prices, and a positive revenue revaluation, highlighting Imperial’s solid operational execution and strategic positioning in the mining sector.
The Supreme Court of British Columbia dismissed a petition by the Xatśūll First Nation against Imperial Metals, allowing the company to proceed with constructing a four-metre lift on the tailings storage facility at the Mount Polley Mine. This decision, supported by the Williams Lake First Nation, underscores the mine’s economic significance in the region, employing over 390 people. However, the mine’s future operations hinge on the timely approval of a pending Mines permit amendment, which, if delayed, could force operational revisions or cessation. The decision is seen as a step towards reducing project risk and uncertainty, emphasizing the importance of regulatory processes and Indigenous engagement.
Imperial Metals Corporation announced the safe return of three workers who were trapped underground due to a fall of ground incident at the Red Chris mine, which is 30% owned by Imperial. The workers, employed by Hy-Tech Drilling, were safely brought to the surface after being isolated in a refuge chamber with access to food, water, and ventilation. The successful rescue operation was a collaborative effort led by mine operator Newmont, highlighting the importance of safety and technical expertise in mining operations. This incident underscores the company’s commitment to worker safety and operational resilience.
Imperial Metals Corporation reported on the fall of ground incidents at the Red Chris mine, where specialized drones and remote-controlled equipment are being used to manage the situation. Production has been paused to focus on rescue efforts and communication restoration. For the second quarter of 2025, Red Chris mine saw a 13% increase in copper production and an 81% increase in gold production compared to the same period in 2024, attributed to higher grades and better recovery rates. The company is also advancing its Block Cave Feasibility Study and related development work.
Imperial Metals reported two fall of ground incidents at the Red Chris Mine in British Columbia, where it holds a 30% interest. The incidents occurred in an underground access way, prompting the relocation of three contractor employees to a refuge station. Operations at the mine have been paused to focus on rescue efforts, with specialist teams being assembled to ensure the safe recovery of the workers. The company emphasizes the priority of safety for both the trapped individuals and the emergency response teams.
Imperial Metals Corporation announced its decision to redeem all outstanding Senior Unsecured Convertible Debentures worth $47 million, which were originally due in August 2027, on August 18, 2025. This strategic move allows debenture holders the option to convert their debentures into common shares at a conversion price of $3.20 per share before the redemption date, potentially impacting the company’s financial structure and shareholder composition.
Imperial Metals Corporation reported an increase in copper and gold production at its Mount Polley mine for the second quarter of 2025, with 9.496 million pounds of copper and 11,061 ounces of gold produced. This represents a slight increase from the same quarter in 2024, attributed to a 2.6% rise in mill throughput. Overall, for the first half of 2025, copper production increased by 10.6% and gold production by 8.3% compared to the previous year, due to improved throughput, grades, and recoveries. The company continues its mining operations in the lower Springer Pit and is preparing for further expansion.
The Supreme Court of British Columbia has reserved judgment on a judicial review petition and injunction application filed by the Xatśūll First Nation, challenging the authorization of a four-metre raise of the tailings storage facility embankment at the Mount Polley mine. Despite this, construction continues under existing permits, with a voluntary pause on tailings deposition until August 7, 2025. Imperial Metals emphasizes its commitment to environmental responsibility and collaboration with Indigenous communities, aiming to align operations with regulatory and community expectations.
Imperial Metals Corporation announced the election results for its board of directors at its recent virtual Annual and Special Meeting of Shareholders. The nominees listed in the management information circular were successfully elected, with a high percentage of votes in favor. Approximately 71.86% of the company’s issued and outstanding common shares were voted at the meeting. This strong shareholder participation and support for the board nominees reflect confidence in the company’s strategic direction and governance.
Imperial Metals has announced promising initial results from its 2025 exploration program at the Mount Polley mine, with significant mineralization found in the C2 Zone. The drilling results indicate high-grade copper and gold intervals, which could influence future pit designs and potentially extend the mine’s life, reflecting positively on the company’s operational outlook and industry positioning.
Imperial Metals Corporation reported strong financial results for the first quarter of 2025, with significant increases in copper and gold production compared to the same period in 2024. The company achieved revenues of $176.6 million and a net income of $41.3 million, driven by higher metal prices and increased concentrate shipments. This performance underscores Imperial’s robust operational capabilities and its positive positioning within the mining sector, benefiting from favorable market conditions and effective management strategies.
Imperial Metals Corporation clarified that no injunction was granted against the construction and operation of the tailings storage facility at its Mount Polley mine, contrary to some reports. The Supreme Court of British Columbia has postponed the decision on an interim injunction application by the Xatśūll First Nation until June 24, 2025. Imperial continues its operations and construction activities as planned, with the four-metre raise of the tailings storage facility not expected to be needed until July 1, 2025. This announcement ensures the continuation of Imperial’s operations without immediate legal hindrance, maintaining its industry position and operational plans.