Imperial Reports 2005 Financial Results.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Imperial Metals Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :III) reports 2005 net income of $21.6 million, compared net income of $3.6 million in 2004. Cash flow was $8.2 million compared to a $3.8 million shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in 2004. Higher metal prices and income tax recoveries increased the Company's share of income from Huckleberry huckleberry, any plant of the genus Gaylussacia, shrubs of the family Ericaceae (heath family), native to North and South America. The box huckleberry (G. brachycera) of E North America is evergreen and is often cultivated. The common huckleberry (G. to $29.9 million in 2005 compared to $8.1 million in 2004.
Year Ended Year Ended
December 31, 2005 December 31, 2004
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(000's) (000's)
Revenues $71,077 $ 1,125
Operating Income (Loss) $ 1,504 $(4,443)
Net Income $21,569 $ 3,640
Basic Income Per Share $ 0.77 $ 0.14
Diluted Income Per Share $ 0.74 $ 0.13
Cash Flow (1) $ 8,200 $(3,832)
Cash Flow Per Share (1) $ 0.29 $ (0.15)
(1) Cash flow and cash flow per share are measures used by the
Company to evaluate its performance however, they are not terms
recognized under generally accepted accounting principles. Cash flow
is defined as cash flow from operations before the net change in
working capital balances and cash flow per share is the same measure
divided by the weighted average number of common shares outstanding
during the period. Cash flow is defined as cash flow from operations
before the net change in working capital balances.
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Huckleberry's probable reserves, updated as at December December: see month. 31, 2005, are higher than previously budgeted. Milling at the Huckleberry mine was scheduled to be completed in September September: see month. 2007. The revised reserve estimate now provides for the mill to continue to operate until mid December 2007. Huckleberry plans to conduct additional exploration drilling in the Main Zone Extension area to reassess reassess Verb to reconsider the value or importance of reassessment n Verb 1. reassess - revise or renew one's assessment reevaluate the feasibility of mining this zone, which has the potential to add up to two years to Huckleberry's mine life. Imperial Metals is an operating mining company based in Vancouver, British Columbia. For additional information, including the Company's 2005 Annual Report, visit the Company's website www.imperialmetals.com. Imperial Metals Corporation (TSX:III) |
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