Imperial Reports First Quarter 2018 Financial Results Detailing a 1.9 Percent Revenue Increase

Imperial Metals Corporation (TSX:III) has released its financial results for the three months ended March 31, 2018.

As highlighted in the press release:

Revenues increased to CA$117.9 million in the March 2018 quarter compared to CA$115.7 million in the 2017 comparative quarter, an increase of CA$2.2 million or 1.9 percent.

Revenue from the Red Chris copper-gold mine in the March 2018 quarter was CA$81.9 million compared to CA$54.6 million in the 2017 comparative quarter. This increase was attributable to a higher quantity of copper concentrate sold along with higher copper prices compared to the 2017 quarter.

Revenue from the Mount Polley copper-gold mine in the March 2018 quarter was CA$36.0 million compared to CA$61.0 million in the 2017 comparative quarter. The decrease was attributable to a lower quantity of copper concentrate sold.

Click here for the full Imperial Metals Corporation (TSX:III) press release.