|August 14, 2007|
Imperial Reports Results for the Second Quarter 2007
|Vancouver (August 14, 2007) - Imperial Metals Corporation (III:TSX) reports net income of $3.2 million ($0.10 per share) for the 2007 second quarter compared to net income of $26.6 million ($0.89 per share) in the 2006 second quarter. Adjusted net income in the quarter was $19.5 million or $0.62 per share, versus $20.0 million or $0.67 per share in the June 2006 quarter. Adjusted net income is calculated by excluding the effect of certain items not settling in the current period.|
Revenues were $93.2 million (compared to 2006 June quarter of $81.3 million).
Cash flow increased to $24.4 million (compared to 2006 June quarter of $13.2 million). The $11.2 million increase is the result of the inclusion of the 50% of cash flow from Huckleberry.
Capital expenditures were $9.8 million, about double the $4.3 million spent in the comparative 2006 quarter as the Company continued its significant exploration programs.
Imperial's comparative financial results for the three and six months ended June 30, 2007 and June 30, 2006 are summarized below and discussed in detail in the Management's Discussion and Analysis, which is contained within the Second Quarter Report, available on the Company's website www.imperialmetals.com and on SEDAR www.sedar.com.
Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine (100% interest) in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine (50% interest) in northern British Columbia, the development stage Red Chris property (100%) in northern British Columbia, and the Sterling gold mine (100% interest) in southwest Nevada.
Contact: Brian Kynoch, President 604.669.8959; Andre Deepwell, Chief Financial Officer 604.488.2666;
You can view the Next News Release 2007 item: Tue Aug 14, 2007, Imperial Reports Red Chris Drill Results
You can view the Previous News Release 2007 item: Tue Jul 3, 2007, Imperial Intersects 1.12% Copper Equivalent Over 400 Metres at Mount Polley
You can return to the main News Release 2007 page, or press the Back button on your browser.