FINWIRES · TerminalLIVE
FINWIRES

Imperial Metals Reports Lower Copper and Gold Production for Q1 2026 from Red Chris Mine

By

Imperial Metals (III.TO) reported lower copper and gold production for the first quarter 2026 from Red Chris mine, the company said after markets closed on Thursday.

Red Chris metal production for the first quarter of 2026 was 18.982 million pounds copper and 20,108 ounces gold, compared to 23.126 million pounds copper and 21,663 ounces gold produced during the same quarter of 2025. Both copper and gold production were down compared with the first quarter of 2025, with copper production down 18% and gold production down 7%, said the company.

The copper production fell as a result of a 16% decrease in copper grade, with higher recovery and lower throughput, said the company and added that the decrease in gold production was a result of lower gold grade in the mill feed and lower throughput, offset by better gold recovery compared to the same quarter last year.

"Imperial's 30% share of Red Chris mine production was 5.695 million pounds copper and 6,032 ounces gold," said the company.

Both copper and gold production were however in line with the budgeted 2026 production, said the company and added that the guidance for 2026 Red Chris production (100%) remains 60 - 66 million pounds of copper and 47,500 - 52,500 ounces of gold.

Related Articles

Mining & Metals

Westport Fuel Systems Reports Wider Q4 Net Loss, Lower Revenue; Raises Going Concern Risk

Westport Fuel Systems (WPRT.TO) on Thursday reported a wider loss and lower revenue for the fourth quarter.The company lost US$11.1 million, or US$0.65 per share, in the period, compared with a loss of US$10.1 million, or US$0.58, a year ago. FactSet figures were not available.Revenue fell to US$1.9 million from US$7.3 million a year prior. FactSet projected US$1.1 million.As of Dec. 31, 2025, the company had US$27.2 million in cash and US$2.9 million in outstanding debt to Export Development Canada. "Based on our projected capital expenditures, debt servicing obligations and operating requirements under our current business plan, we are projecting that our cash and cash equivalents will not be sufficient to fund our operations through the next twelve months from the date of the issuance of our consolidated financial statements," it said.The company added that it plans to raise more money through public markets, new loans, or other financing options, however, there is no guarantee it will secure the needed funding. "Accordingly, we concluded under the accounting standards that these plans do not alleviate the substantial doubt about Westport's ability to continue as a going concern."

$WPRT.TO
Mining & Metals

BQE Water's Q4 Profit Rises on Higher Revenue

BQE Water (BQE.V) on Thursday reported a 36% rise in its fourth-quarter profit on higher revenue.Net income for the three months ended Dec. 31 rose to $1.65 million from $1.21 million in the same period a year earlier.Revenue for the quarter rose to $7.50 million from $5.09 million in the prior-year period.In its 2026 outlook, the company said it has "good visibility and certainty over several larger technical services contracts and expect strong results in the first half of 2026". It added operations services for the emergency treatment system at Eagle Mine will continue until June 2026. "Since we do not have an agreement to operate the system for more than 6 months, we will continue to report this project under technical services," it added.BQE noted its new aquatic toxicology laboratory will become operational and be able to perform a range of specialized investigative tests in prior to the end of the second quarter."Building on our strong growth throughout the year, we closed out the fourth quarter achieving new records across nearly every key metric in our annual results. During the fourth quarter, we completed the operating season at Eagle Mine discharging over 1 million cubic meters of clean water for emergency treatment and mobilized our team to be ready to operate the 20-year operations service contract at the Britannia Mine treatment plant," said chief executive David Kratochvil."It will be another growth year in 2026 for BQE, as we anticipate continuing our emergency treatment at Eagle, restarting/resuming operations at the 7 sites we operated in 2025, and taking over operations at 4 additional treatment plants in BC, Quebec, and the Yukon."Shares of the company closed up $0.50 at $73 on TSX Venture Exchange.

$BQE.V
Mining & Metals

West Red Lake Gold Reports 2025 Production Results and Provides 2026 Production Guidance

West Red Lake Gold Mines (WRLG.V), after the close Thursday, reported its 2025 production results and 2026 guidance.The company said in 2025, the Madsen mine transitioned from restart activities to an operating mine, establishing mining fronts, advancing underground development and improving mill performance to support sustained operations. This progress is expected to continue through the first half of 2026, with a full production run rate targeted in the second half of the year, the company said.Madsen mine produced 20,000 ounces of gold in 2025, while revenue totaled C$103 million. The company expects 2026 gold production from the Madsen mine to range between 35,000 ounces and 45,000 ounces."We established a strong operating base at Madsen in 2025 and ramp up is progressing as planned. We are now focused on building consistency into the operation through 2026. Our priority is execution, expanding available mining areas, improving sequencing, and continuing to advance underground development. As production increases further, we expect to generate meaningful cash flow that will be directed toward accelerated development and infrastructure to support higher mining rates and improved costs, as well as earmarked for debt repayment," said chief executive Shane Williams.WRLG said it is executing on a strategy that is "centered on building a scalable, multi-asset gold operation in the Red Lake district, anchored by the Madsen mill and supported by a hub and spoke model"."It begins with establishing sustainable production and advancing infrastructure in 2026, followed by integrating additional mining areas and satellite deposits starting in 2027," it added.Shares of the company closed down $0.01 at $1.02 on TSX Venture Exchange on Thursday.

$WRLG.V