Imperial Metals Corp. (TSX: T.III, Stock Forum) released its production targets for 2013 and said base and precious metals output from the Mount Polley and Huckleberry mines in British Columbia exceeded its targets.
Copper production of 51.3 million pounds exceeded the forecast by 2%, gold production of 53,525 ounces exceeded the forecast by 11.4% and silver production was 31.7% above forecast, totalling 211,995 ounces, the company said in a press release.
Imperial is an exploration, mine development and operating company, based in Vancouver, British Columbia. On Tuesday, the stock was trading at $13.60, leaving the company with a market cap of $1 billion, based on 74.3 million shares outstanding. The 52-week range is $17.45 and $8.13.