Imperial Metals Corporation
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Red Chris resource from Newcrest confirms block cave potential
With a prefeasibility study expected for the Red Chris mine in B.C. by the end of September, Australia-based operator Newcrest (ASX, TSX: NCM) has released an updated resource for the project. Newcrest is looking at the possibility of developing an…
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Newcrest OK’s $135M exploration decline at Red Chris
As it works toward a resource update at the Red Chris mine, Newcrest Mining (TSX: NCM, ASX: NCM) has begun construction of the box cut for a new exploration decline at the copper-gold project, 80 km south of Dease Lake,…
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Red Chris East zone shapes up with 166 metres of 3 g/t gold and 1.5% copper
New drill results from Newcrest Mining and Imperial Metals‘ Red Chris joint venture in British Columbia continue to confirm high-grade copper-gold mineralization in the East zone, which project operator Newcrest is evaluating as a potential underground block cave mining opportunity.…
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MINING PEOPLE: Colorado, Hycroft, Imperial, Marathon, Pretium, Strongbow
Management moves announced this week include: Pamela White has been appointed corporate secretary of Bell Copper. Tony Barresi will become president and a director of Colorado Resources at the beginning of August. Barresi was previously president and a director of…
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Imperial, Newcrest confirm high-grade mineralization at Red Chris
Exploration drilling has confirmed the continuity of high-grade mineralization at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver. The mine is a joint venture between Imperial Metals (TSX: III) and…
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COPPER-GOLD: Red Chris deep zone returns 276 metres of 3.3 g/t gold and 1.7% copper
BRITISH COLUMBIA – Imperial Metals has released new results from drilling at the deep East zone at the Red Chris mine, 80 km south of Dease Lake, where it and 70% joint-venture partner Newcrest Mining are gathering data to support…
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COPPER-GOLD: Newcrest takes over at Red Chris JV
Imperial Metals’ sale of a 70% interest in the Red Chris copper-gold mine in B.C. has officially closed, with Australia’s Newcrest Mining now the operator of the asset. Newcrest paid US$804 million for its majority interest. The deal was first…
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ACQUISITION: Australia’s St Barbara to acquire Atlantic Gold
Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a 41.1% premium to Atlantic’s closing share price on May 14 and a 40.8% premium…
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TAILINGS: BHP looks to create international oversight for dams
BHP says it is stepping up its work to create an international and independent body to oversee integrity in the construction and operation of all tailings storage facilities across the industry. The Australian company is also calling for greater transparency…
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ENVIRONMENT: Second dam failure for Vale in Brazil
Every mine and mill operator’s worst nightmare is the failure of a tailings dam. Vancouver’s Imperial Metals faced this catastrophe in 2014 at its Mount Polley copper-gold mine in British Columbia. Fortunately no one died. The company remediated the problem…
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COPPER-GOLD: Imperial cites low prices in decision to suspend Mount Polley mining
BRITISH COLUMBIA – Vancouver-based Imperial Metals Corp. says the low price of copper is responsible for its decision to suspend mining at its Mount Polley copper-gold project 55 km northeast of Williams Lake. Processing of low grade stockpiles will continue…
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COPPER-GOLD: Imperial Metals posts $28.6M loss in Q3
VANCOUVER – Imperial Metals (TSX: III) recorded a net loss in the third quarter of $28.6 million compared to a net loss of $1.6 million in the same quarter a year ago, with the increase primarily due to reduced income from…
