Inmet Mining announces updated mineral reserves and resources as at December 31, 2012 as reported in the table below. Inmet's share of consolidated contained metal in reserves and resources, net of 2012 mining, and on a pro forma basis reflecting a current 80% ownership of Cobre Panama, has changed from the reported Mineral Reserves and Resources [...]
Inmet Mining announced today that its Board of Directors, on the recommendation of its Special Committee of independent directors and with input from its and the Special Committee's financial and legal advisors, recommends that Inmet shareholders reject the unsolicited offer by First Quantum Minerals to acquire Inmet for consideration of (a) cash [...]
Inmet Mining is pleased to announce the results of an economic pit price sensitivity analysis. The current Cobre Panama mineral reserve estimate is based on a conservative copper price of $2.25/lb. In order to assess the sensitivity of mineral resources contained within economic pit shells to the $3.00/lb copper price now more commonly used in the [...]
Inmet is pleased to announce the addition of an inferred copper mineral resource at its wholly-owned Cobre Las Cruces property in southern Spain. At a 1.0% copper equivalent cut-off, the total additional inferred mineral resource is estimated to be 38 million tonnes at a copper equivalent grade of 2.76% containing an estimated 1.1 million tonnes on [...]
Mr. Jochen Tilk, President and Chief Executive Officer of Inmet Mining, will be speaking on Thursday, January 24, 2013 at 9:10 a.m. Pacific Time at the CIBC Whistler 2013 Institutional Investor Conference being held in Whistler, British Columbia at The Fairmont Chateau Whistler. Slides of the presentation will be available on Inmet's website prior [...]
Inmet Mining Corporation is pleased to announce its production by operating mine for 2012, and production and cash cost objectives for 2013. The following table provides a summary of our copper and zinc production by operating mine in 2012:
Inmet today provided the following comment with respect to First Quantum's press release, issued earlier today, and the corresponding letter addressed to David R. Beatty, O.B.E., Chairman of the Inmet Board of Directors. Mr. Beatty said, "The Inmet Board of Directors is well aware of its duties and responsibilities with respect to the First Quantum [...]
Inmet notes that First Quantum Minerals has commenced an unsolicited offer to acquire all of the Company's issued and outstanding common shares for consideration of $72.00 per Inmet share in cash and First Quantum shares. David R. Beatty, O.B.E., Chairman of the Board of Inmet, said, "The Inmet Board will carefully evaluate the terms of First [...]
TORONTO, CANADA -- (Marketwire) -- 12/28/12 -- Inmet Mining Corporation ("Inmet") (TSX: IMN) is pleased to announce that its subsidiary, Minera Panama S.A. (MPSA) has awarded the Cobre Panama mine pre-stripping contract to a joint venture of Salini S.p.A. and Impregilo S.p.A. The scope of work includes the pre-stripping of the Botija pit [...]
TORONTO, CANADA -- (Marketwire) -- 12/18/12 -- Inmet Mining Corporation (TSX: IMN) (Inmet) today announced the closing of its previously announced offering of US $500 million aggregate principal amount of 7.5 percent senior unsecured notes maturing June 2021 (the "Notes"). Inmet intends to use the net proceeds to fund the development and the [...]
TORONTO, CANADA -- (Marketwire) -- 12/17/12 -- Inmet Mining Corporation (Inmet) (TSX: IMN) responds to a news release issued yesterday by First Quantum Minerals Ltd. announcing its intention to make an unsolicited takeover offer for Inmet. The offer has not yet been received by Inmet and Inmet shareholders are advised to take no action at this [...]
Inmet Mining is pleased to announce an increase to proven and probable mineral reserves at its 80 percent owned Cobre Panama project. The additional mineral reserves from the Balboa, Brazo and Botija Abajo deposits increase Cobre Panama's total estimated contained copper by 27 percent to approximately 26 billion pounds. Estimated contained gold [...]
