Imperial Metals Corporation (T:III)
Business Focus: Copper Ore Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 580 Hornby Street, Suite 200 VANCOUVER BC V6C 3B6 |
| Tel: | N/A |
| Website: | https://www.imperialmetals.com |
| IR: | See website |
| Key People | ||
| J. Brian Kynoch President, Director | Darb S. Dhillon Chief Financial Officer, Corporate Secretary | Randall Thompson Chief Operating Officer |
| Don Parsons Chief Compliance Officer | Sheila Colwill Vice President - Marketing | James Miller-Tait Vice President - Exploration |
| Business Overview |
| Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company's holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Imperial Metals Corp revenues increased 99% to C$344.5M. Net loss decreased 52% to C$36.7M. Revenues reflect Mount Polley segment increase from C$42.7M to C$233.9M, Huckleberry segment increase of 41% to C$759K, Switzerland segment increase of 30% to C$119.2M, Philippines segment increase of 75% to C$15.3M. Lower net loss reflects Mine restart costs decrease from C$64.9M (expense) to C$0K. |
| Employees: | 290 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $722.19M as of Dec 31, 2023 |
| Annual revenue (TTM): | $344.46M as of Dec 31, 2023 |
| EBITDA (TTM): | $21.97M as of Dec 31, 2023 |
| Net annual income (TTM): | -$36.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$126.28M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $294.85M as of Dec 31, 2023 |
| Shares outstanding: | 161,871,341 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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