Imperial Reports Second Quarter 2026 Financial Results

VANCOUVER, British Columbia, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) reports financial results for the three and six months ended June 30, 2026. Imperial’s consolidated production for the second quarter of 2026 totalled 8,759,242 pounds copper and 11,226 ounces gold.

“We completed a very strategic quarter for Imperial as both mines, Mount Polley and Red Chris, received key authorizations that extend their permitted mine life. At Mount Polley, we worked through some lower grade ore to position the operation for access to higher grade mineralization that will be exposed for mining later this year”, said the President, Brian Kynoch. “Supported by good copper and gold prices, we continued investing in our operations even during this period of lower grades from both mines. The permits received for the tailing dam raise at Mount Polley and transition to block cave mining at Red Chris position the Company to deliver returns in the coming years.”

FINANCIAL

Total revenue was $166.5 million in the June 2026 quarter compared to $175.8 million in the 2025 comparative quarter.

In the June 2026 quarter, Mount Polley mine had 1.0 concentrate shipments (2025-1.9 concentrate shipments). The Red Chris mine (100% basis) had 4.0 concentrate shipments (2025-5.0 concentrate shipments).

Variations in revenue are impacted by the timing and quantity of concentrate shipments, metal prices and exchange rates, and period end revaluations of revenue attributed to concentrate shipments where copper and gold prices will settle at a future date.

At June 30, 2026, the Company had not hedged any copper, gold or US/CDN Dollar exchange.

Revenue revaluation for the June 2026 quarter was $4.6 million, compared to $2.2 million in the comparative quarter of 2025. Revenue revaluations arise from changes in metal prices between the initial recognition of revenue and the settlement