Mount Polley Mine Operations Impacted by Forest Fires
July 10 2017 - 2:59PM
Imperial Metals Corporation (the “Company”)
(TSX:III) reports that forest fires in south central British
Columbia are threatening the homes of many employees who live in
the Williams Lake area, and impacting operations at the Mount
Polley mine site, located 56 km northeast of Williams Lake. Many of
the roads used to access the mine site are currently closed.
Employees who have been able to report for work have been
reassigned to maintain mill operations at the expense of mining
operations, which have significantly reduced. Should critical
supplies such as fuel not be available due to road closures, the
mine may be forced to suspend operations.
Many Red Chris employees also live in the
Williams Lake area, and have been evacuated from their homes or are
on evacuation alert. With the temporary closure of the Williams
Lake airport, Red Chris charter flights from Williams Lake to Dease
Lake have been cancelled. We are reorganizing our crews and
adjusting charter flights into Dease Lake to maintain staffing
levels at the Red Chris mine.
About Imperial
Imperial is a Vancouver based exploration, mine
development and operating company. The Company, through its
subsidiaries, owns the Red Chris, Mount Polley and Huckleberry
copper mines in British Columbia. Imperial also holds a 50%
interest in the Ruddock Creek lead|zinc property
in British Columbia.
Forward-Looking Information and Risks
Notice
Forward-looking statements relate to future
events or future performance and reflect Company management's
expectations or beliefs regarding future events and include, but
are not limited to, specific statements regarding: lower production
at the Mount Polley mine if employees are unable to access the mine
site due to road closures; possible evacuation of local Mount
Polley employees and their families; and the possible suspension of
operations at Mount Polley mine if critical supplies are not
received at the mine site. In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "outlook", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative of these terms or comparable terminology.
In this document certain forward-looking statements are identified
by words including "guidance", "expectations", "targeted", "plan",
"planned", "estimated", "calls for" and "expected". By their very
nature forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to changes in project
parameters as plans continue to be refined; future prices of
mineral resources; possible variations in ore reserves, grade or
recovery rates; accidents; dependence on key personnel; labour pool
constraints; labour disputes; availability of infrastructure
required for the development of mining projects; delays in
obtaining governmental approvals or financing or in the completion
of development or construction activities; that additional required
financing may not be available to the Company on terms acceptable
to the Company or at all; that the Company may not receive its
requested waivers of certain financial covenants contained in its
credit facilities and other loan documents and could be found to be
in default; counterparty risks associated with sales of our metals;
changes in general economic conditions; increased operating and
capital costs; perils such as fire and flood; and other risks of
the mining industry as well as those factors detailed from time to
time in the Company's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on sedar.com. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
Company Contacts
Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Steve Robertson | Vice President Corporate Affairs | 604.488.2669
Gordon Keevil | Vice President Corporate Development | 604.488.2677
Sabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.com
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