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Imperial Metals: Operations Suspended at Huckleberry Mine Amidst Falling Copper Prices

Imperial Metals (TSX:III) reported that Huckleberry Mines has suspended pit operations at the Huckleberry mine, affecting 100 to 260 employees.

As quoted in the press release:

HML will retain the balance of its work force to continue milling stockpiled ore.

While HML has made significant efforts to reduce operating costs at the Huckleberry mine, the realized savings have not been sufficient to offset declining copper prices. HML will continue to work with employees and other stakeholders to manage through this difficult period.

Click here for the full press release.

From-LME-Copper-to-Copper-ETFs-copy  Updated December 2015

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