Imperial Metals Corporation reported production results for the third quarter ended September 2018. For the period, the company reported that its Red Chris and Mount Polley mines produced 16.14 million pounds copper and 16,488 ounces gold. Red Chris metal production was 13.55 million pounds copper and 8,741 ounces gold, a decrease of 31% and an increase of 4% respectively, from 19.66 million pounds copper and 8,426 ounces gold produced in the comparable 2017 quarter. Mill throughput averaged 30,544 tonnes per calendar day during the third quarter ended September 30, 2018. Metal recoveries were 74.92% copper and 45.65% gold, compared to 78.94% copper and 43.09% gold in the third quarter of September 2017. Gold recoveries and grades continue to exceed budget, while copper recoveries continued to be lower than planned. As mining activities progress deeper into phase 4 of the Main zone pit, the copper recovery is increasing. Mount Polley metal production was 2.60 million pounds copper and 7,748 ounces gold, a decrease of 34% and 22% respectively from the 3.98 million pounds copper and 9,989 ounces gold produced in the third quarter ended September 30, 2017. Mill throughput averaged 15,145 tonnes per calendar day. Metal recoveries were 38.39% copper and 65.06% gold, compared to 61.44% copper and 67.22% gold in the comparable 2017 quarter.

Red Chris 2018 production targets have been revised to an estimated 61.9 million pounds copper and 43,200 ounces gold, approximately 83% and 135% respectively of the mid-point production target totals set in early 2018. Mount Polley 2018 production targets have been revised to an estimated 15.6 million pounds copper and 39,500 ounces gold, representing about 87% of the mid-point production target totals set in early 2018.