In addition to Red Chris, Imperial owns the Mount Polley and Huckleberry copper mines in B.C.
VANCOUVER — Shares in Imperial Metals Corp. soared in early trading after the company announced a deal to sell a 70 per cent interest in its Red Chris copper and gold mine in B.C. to Australia’s Newcrest Mining Ltd. for $806.5 million US in cash.
Imperial president Brian Kynoch said in a statement that the deal allows the company to strengthen its balance sheet while forging a strategic partnership with a leading global mining company.
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