Imperial’s mining operations, specifically the Red Chris mine that is 70% owned by Newcrest Mining, helped to lift up the company’s revenue in the second quarter 2022. Metal production from the northwest B.C. mine totalled 22 million lb. of copper and 19,540 oz. of gold, which respectively were 25.2% and 26.5% higher than the 2021 quarter.
Exploration drilling at Red Chris remains underway, with up to eight drills in operation during the second quarter, focusing on expanding the East Ridge zone and gathering geotechnical information for infrastructure related to the development of a block cave. The exploration decline had advanced 1,717 metres as of July 20, 2022. Work on the block cave feasibility study is ongoing and is targeted to be released in the first half of 2023.
At Mount Polley, Imperial first began the required work to reopen the copper-gold mine during the fourth quarter of 2021. Initial mill commissioning and…
