07:38 AM EST, 02/21/2025 (MT Newswires) -- Imperial Metals ( IPMLF ) overnight Thursday reported 2024 metal production from the Red Chris mine of 85.3 million pounds of copper and 59,811 ounces of gold, up from 57.1 million pounds of copper and 46,046 ounces of gold in 2023, on higher grades and recoveries for both metals.

The company said its 30% share of Red Chris mine production for 2024 was 25.5 million pounds of copper up from 17.1 million pounds copper in 2023 and 17,943 ounces of gold up from 13,814 ounces gold in 2023.

Newmont is forecasting the Red Chris mine will produce 88 million pounds of copper and 86,000 ounces of gold in 2025.

The company said 2025 production target for Mount Polley is 25.0 - 27.0 million pounds copper and 35,000 - 40,000 ounces gold. Phase 4 Springer Pit ore, which has a higher recoverable copper grade is targeted to be fully mined by Q3 of 2025, with the lower copper grade from Phase 5 pushback in the Springer pit delivering process ore in the Q4.

Shares of the company closed down $0.02 at $2.440 on Thursday on the Toronto Stock Exchange.