Imperial Metals Corporation recorded consolidated second-quarter net income of $22.0 million, or $0.12 per share, on total revenue of $166.5 million for the period ended June 30, 2026. The result compared to net income of $40.6 million, or $0.25 per share, on revenue of $175.8 million in the comparative quarter of 2025.

Consolidated metal production for the quarter reached 8.76 million pounds of copper and 11,226 ounces of gold, down from 16.54 million pounds of copper and 17,848 ounces of gold a year earlier. Income from mine operations fell to $47.3 million from $81.3 million, driven by lower grades and throughput across the portfolio. Capital expenditures including leases totaled $67.0 million during the quarter, including $29.8 million in exploration and development and $12.4 million for tailings dam construction.

At the 100%-owned Mount Polley mine in British Columbia, metal production for the quarter totalled 3.38 million pounds of copper and 6,848 ounces of gold, down 64% and 38% respectively compared to the second quarter of 2025. Mill feed was sourced 44% from the Springer pit Phase 5 pushback, 15% from Phase 4 and C2 pits, and 41% from lower-grade stockpiles. Higher-grade material from the Phase 5 pushback is scheduled to begin delivery to the mill by the fourth quarter of 2026, which is expected to reduce or eliminate the need to process lower-grade stockpiles.

At the 30%-owned Red Chris mine, Imperial’s share of production reached 5.38 million pounds of copper and 4,377 ounces of gold, reflecting a 100% basis output of 17.92 million pounds of copper and 14,591 ounces of gold. Production at Red Chris remains on track to meet full-year 2026 guidance of 60.0 to 66.0 million pounds of copper and 47,500 to 52,500 ounces of gold. By comparison, Red Chris metal production reached 93.10 million pounds of copper in fiscal 2025.

Key permits for the Red Chris block cave expansion have been received from the Province of British Columbia and the Tahltan First Nation. Imperial expects to complete the feasibility study for the block cave expansion and secure joint venture approval in the second half of 2026.

At the care-and-maintenance Huckleberry mine, Imperial commenced preliminary work on restart costs and targeted a completed reopening plan by the end of 2026, incorporating data from recent diamond drilling and historical core re-assays.

The stock closed at $8.04, up 1.13% on August 6, 2026.

Read the full announcement: Imperial Reports Second Quarter 2026 Financial Results