Imperial Metals
Toronto symbol III, is a Vancouver-based mining company that explores for and produces base and precious metals. Its producing assets include a 100% interest in the Mount Polley open-pit copper/gold mine in central British Columbia.
IMPERIAL METALS $12.30 (Toronto symbol III; TSINetwork Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 74.9 million; Market cap: $921.3 million) has split its shares on a two-for-one basis. That should make the shares more liquid and help the company attract more investors.
Meanwhile, Imperial’s cash flow per share rose 17.8% in the nine months ended September 30, 2011, to $0.86 from $0.73 …read more »
IMPERIAL METALS $22.45 (Toronto symbol III; TSINetwork Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 37.5 million; Market cap: $800.5 million) owns the Mount Polley copper/gold mine and the Huckleberry copper/molybdenum mine, both in B.C.
The company’s cash flow per share rose 30.4% in the three months ended June 30, 2011, to $0.30 from $0.23. Higher gold and copper prices were the main …read more »
NORTHGATE MINERALS CORP. $3.08 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 291.1 million; Market cap: $896.5 million; No dividends paid) is focused on building a mine at its Young-Davidson gold property in northern Ontario.
The $339-million open-pit/underground mine is now under construction, and is scheduled to start up in 2012. It is expected to produce 180,000 ounces …read more »
NORTHGATE MINERALS CORP. $1.24 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 255.7 million; Market cap: $317.0 million) owns and operates the Kemess South open-pit mine in north-central B.C. However, Northgate expects to exhaust the ore at Kemess South in late 2010.
To replace production from Kemess South, Northgate bought Australian gold miner Perseverance Corp. last year for $257 …read more »
IMPERIAL METALS $8.15 (Toronto symbol III; SI Rating: Speculative) (604-669-8959; ww.imperialmetals.com; Shares outstanding: 32.6 million; Market cap: $266.1 million) can now proceed with further development at its Red Chris copper and gold mine in northeast B.C.
The Canadian Federal Court of Appeal has overturned a lower court decision that had blocked environmental approvals for the mine. Environmental group MiningWatch Canada had …read more »
IMPERIAL METALS $9.50 (Toronto symbol III; SI Rating: Speculative) (604-669-8959; ww.imperialmetals.com; Shares outstanding: 32.7 million; Market cap: $310.5 million) is a Vancouver-based mining company that explores for and produces base and precious metals. Its producing assets are a 100% interest in the Mount Polley open pit copper/gold mine in central British Columbia, plus a 50% interest in the Huckleberry open …read more »
IMPERIAL METALS $12.50 (Toronto symbol III; SI Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 30.8 million; Market cap: $384.7 million) is a Vancouver-based mining company that explores for and produces base and precious metals. Its producing assets are a 100% interest in the Mount Polley open pit copper/gold mine in central British Columbia, plus a 50% interest in the Huckleberry open …read more »
