“We’ll look at Huckleberry as soon as we get this running properly,” Imperial Metals CEO Brian Kynoch told BIV News.
Mount Polley was shut down in 2014, after a massive tailings pond collapse. The company rebuilt the tailings pond and spent more than C$70 million in environmental rehabilitation, most of which was focused on restoring Hazeltine Creek, which flows into Quesnel Lake.
The company was able to restart the mine in 2016, but then shut down again in 2019, after copper prices fell below $3 per pound, which is what the company needed at the time to make a profit on the mine.
It had also put its Huckleberry copper mine near Houston, B.C. into care and maintenance in 2016. Imperial Metals’ only revenue since 2019 has come from its 30% share of the Red Chris mine.
Copper prices nearly dipped below $2 per pound in March 2020, with the beginning of a global pandemic. But by October 2020, copper cracked the $3 per pound…
