Imperial Reports Red Chris Mine Block Cave Planning Progress and 2026 Third Quarter Production Update
Imperial Metals reported progress on the Red Chris Block Cave feasibility study, which targets 3.0 million ounces of gold and over 1.8 billion pounds of copper over an initial 13-year cave life, with potential for up to 70 years of mine life on a 100% basis. Imperial holds 30% of Red Chris alongside operator Newmont; a full funds investment decision is expected in early 2027, with construction starting in 2027 and first production targeted for 2033. Canada has announced a $500 million grant to support the project.
Key figures
- Guidance
- Consolidated 2026 guidance of 79-87 million lbs copper and 87,500-96,500 oz gold expected to be achieved; Mount Polley revised down to 16-18 million lbs copper and 30,500-33,700 oz gold
- Irr
- double-digit
- Q3 imperial gold oz
- 11648
- Red chis gold prod yoy
- -43%
- First production target
- 2033
- Mount polley q3 gold oz
- 7931
- Q3 imperial copper mlbs
- 8.535
- Red chis copper prod yoy
- -29%
- Red chis q3 gold oz 100pct
- 12391
- Mount polley q3 copper mlbs
- 4.104
- Red chis q3 copper mlbs 100pct
- 14.771
- Red chis imperial ownership pct
- 30
- Mount polley revised 2026 gold oz
- 30500-33700
- Red chis block cave phase1 gold oz
- 3000000
- Red chis potential mine life years
- 70
- Red chis block cave cave life years
- 13
- Mount polley revised 2026 copper mlbs
- 16-18
- Red chis block cave phase1 copper lbs
- 1800000000
- Red chis avg gold koz per year 2035 2040
- 275-325
- Red chis avg copper mlbs per year 2035 2040
- 145-187
AI analysis
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