Imperial reports 2018 production results and 2019 production targets
Published by Claire Cuddihy,
Global Mining Review,
Imperial Metals Corp. (Imperial) has reported that its 2018 metals production from all operations totalled 75.32 million lb of copper and 79 056 oz of gold.
Red Chris 4Q18 metal production was 15.57 million lb of copper and 12 366 oz of gold, an increase of 15% and 41% respectively from the 13.55 million pounds copper and 8741 oz of gold produced in 3Q18. Mill throughput averaged 29 759 tpd during 4Q18, and averaged 29 228 for the year ended 31 December 2018. Metal recoveries were 76.21% copper and 50.57% gold, compared to 74.92% copper and 45.65% gold in 3Q18 and for the year averaged 75.60% copper and 47.13% gold.
Annual metal production for 2018 at Red Chris was 60.35 million pounds copper and 41 935 oz of gold, both 97% of the revised production targets. Annual metal production at Red Chris for 2019 are targeted to be in the range of 72 million - 76 million lb of copper and 36 000 - 38 000 oz of gold.
Mount Polley metal production during the 2018 fourth quarter was 3.18 million pounds copper and 7,983 ounces gold, an increase of 22% and 3% respectively from the 2.60 million lb of copper and 7748 oz of gold produced in 3Q18. Mill throughput averaged 17 467 tpd during 4Q18, and averaged 16 975 for the year ended 31 December 2018. Metal recoveries were 39.05% copper and 59.71% gold, compared to 38.39% copper and 65.06% gold in 3Q18, and for the year averaged 52.89% copper and 67.25% gold.
Annual metal production for 2018 at Mount Polley was 14.97 million lb copper and 37 120 oz of gold, respectively 96% and 94% of the revised production targets.
Milling of low grade stockpiles at Mount Polley are targeted to continue to the end of May 2019, at which time the mine will be placed on care and maintenance until there is a sustained improvement in the price of copper. Mount Polley, production through to suspension of operations at the end of May 2019 is targeted to be in the range of 4 million - 5 million lb copper and 13 000 - 14 000 oz of gold.
Read the article online at: https://www.globalminingreview.com/finance-business/25012019/imperial-reports-2018-production-results-and-2019-production-targets/
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