06:39 AM EDT, 03/15/2024 (MT Newswires) -- Imperial Metals Corp. ( IPMLF ) overnight Thursday reported a fourth-quarter 2023 net loss of $10.5 million, or $0.06 per share, narrowing from a loss of $11.8 million, or $0.08 per share, in the year-ago quarter.

Fourth-quarter 2023 revenue rose to $87.6 million from $61.6 million in the prior-year period.

For the full year 2023, the company reported an adjusted net loss of $36.1 million, or $0.23 per share, narrowing from a loss of $95.6 million, or $0.64 per share, in the year-ago quarter.

Revenues in 2023 also increased to $344.5 million from $172.8 million in 2022.

The company produced 47.3 million pounds of copper in 2023, up from 26.5 million pounds in 2022.

Newmont Corp. (NGT.TO) guidance for Red Chris mine production in 2024 is 85.0 million pounds of copper and 57,000 ounces of gold.