Imperial Reports Results for the First Quarter 2005.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 that during the first quarter of 2005 milling operations were restarted at the Mount Polley copper-gold mine following five months of extensive pre-production activities, including access road construction, clearing of the Wight wight 1 n. Obsolete A living being; a creature. [Middle English, from Old English wiht; see wekti- in Indo-European roots. Pit, Bell Pit pre-stripping and mill and site refurbishments. Imperial's comparative results for the three months ended March 31, 2005 and March 31, 2004 are summarized below and discussed in detail in the Company's First Quarter Report under Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial . The complete report is available on the Company website www.imperialmetals.com.
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(unaudited) in thousands Three Months Ended Three Months Ended
except per share amounts March 31, 2005 March 31, 2004
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Revenues $46 $296
Operating (Loss) $(1,717) $(925)
Net Income (Loss) $3,946 $(697)
Net Income (Loss) Per Share $0.14 $(0.03)
Cash Flow (1) $(1,145) $(744)
Cash Flow Per Share (1) $(0.04) $(0.03)
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(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 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.
Net income for the three months ended March 31, 2005 includes $3.5 million in equity income from the 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. mine and an income tax recovery of $2.2 million related to the change in the future income tax valuation allowance. Imperial is an operating mining company based in Vancouver, British Columbia. Its wholly owned Mount Polley copper-gold open pit mine is located 56 kilometres northeast of Williams Lake, British Columbia Williams Lake also known as BC's Stampede Capital is a city in British Columbia, Canada. Located in the Cariboo District, it is the largest urban centre between Kamloops and Prince George. The population is 10,744. , and its 50% owned Huckleberry copper-molybdenum open pit mine is located 123 kilometres southwest of Houston, British Columbia Houston is a forestry, mining and tourism town in the north-central portion of British Columbia, Canada. Its urban population is approximately 3600 people, with approximately 2000 in the surrounding rural area. . Imperial Metals Corporation (TSX:III) |
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