08:53 AM EST, 02/20/2026 (MT Newswires) -- Imperial Metals ( IPMLF ) overnight Thursday said Red Chris exceeded its 2025 production guidance of 88-million pounds of copper and 86,000 ounces of gold.

The company reported that its 2025 metal production from Red Chris was 93.1-million pounds of copper and 92,429 ounces of gold, up from 85.3-million pounds of copper and 59,811 ounces of gold in 2024, on higher grades for both metals and higher recovery for gold. Its 30% share of Red Chris mine production for 2025 and was 27.9-million pounds of copper up from 25.6-million pounds copper in 2024 and 27,729 ounces of gold up from 17,943 ounces gold in 2024.

It also said that the Red Chris feasibility study for a block cave expansion operation is advancing, and so are permitting activities to support the underground project. It expects the completion of the feasibility study and, subject to the study outcomes, joint venture approval in the second half of 2026.

"Newmont Mining Corporation's guidance for Red Chris mine production (100%) is 60 - 66 million pounds of copper and 47,500 - 52,500 ounces of gold for the calendar year 2026," said Imperial Metals ( IPMLF ) in a statement. "Both copper and gold production are expected to be lower in 2026 at Red Chris as the mining sequence provides for mining lower grade ore and stockpile processing during the year while stripping for the next open pit mining phase."

Shares of Imperial Metals ( IPMLF ) closed down 1.2% to $9.83 on Thursday on the Toronto Stock Exchange.