Vancouver | November 14 , 2017 | Imperial Metals Corporation (the “Company”) (TSX:III) reports comparative financial results for the three and nine months ended September 30, 2017 and 2016, as summarized in this release and discussed in detail in the Managements Discussion & Analysis. Revenues decreased to $90.2 million in the September 2017 quarter compared to $97.1 million in the 2016 comparative quarter, a decrease of $6.9 million or 7%.
Revenue from the Red Chris mine in the September 2017 quarter was $66.0 million compared to $67.3 million in the 2016 comparative quarter. This decrease was attributable to lower quantity of copper concentrate sold compared to the 2016 quarter. This was slightly mitigated with a positive revenue revaluation of $3.3 million during the 2017 quarter. Revenue from the Mount Polley mine in the September 2017 quarter was $24.1 million compared to $29.8 million in the 2016 comparative quarter.
The decrease was attributable to a lower quantity of copper concentrate sold; lower foreign exchange rate and lower realized pricing on gold concentrate. However, this was slightly offset by a positive revenue revaluation of $2.6 million.