Imperial Metals Reports Q2 Production Results

Imperial Metals (TSX:III) has reported metal production from its Red Chris and Mount Polloy mines for the 2018 second quarter was 15.33 million pounds copper and 17,724 ounces gold.

According to the company, Red Chris second quarter metal production was 11.51 million pounds copper and 8,614 ounces gold, a decrease of 25.4 percent and an increase of 39.9 percent respectively from 15.42 million pounds copper and 6,159 ounces gold produced in the June 2017 quarter.

As quoted in the press release:

The mill achieved an average throughput of 27,802 tonnes per calendar day during the June 2018 quarter, as throughput was impacted by the failure of a trunnion bearing in the ball mill, resulting in about 6 days of mill downtime in May.

Production at Mount Polloy has been weighed down heavily by ongoing strike action first reported in May 2018, with copper production down 31.8 percent, and gold by 34.7 percent.

Click here to read the full Imperial Metals (TSX:III) press release.