Imperial Metals Reports Fall of Ground Incident at Red Chris Mine on July 22

Imperial Metals reported two fall of ground incidents at its Red Chris Mine on July 22. The incidents occurred in the mine's underground operations and resulted in injuries to two workers. Imperial Metals is currently investigating the incidents and working to ensure the safety of its employees.

July 02, 2025 — Three workers remain trapped underground at the Red Chris gold and copper mine in British Columbia following two separate ground-fall incidents on Tuesday, July 22. The incidents occurred in the mine's underground operations, blocking access and communication with the workers.

The mine, jointly owned by Newmont Corporation (NEM.N) and Imperial Metals Corp (III.TO), reported that the workers were uninjured and had taken refuge in designated stations equipped with food, water, and ventilation. However, the second ground fall restricted communication with the workers, triggering a stand-down of operations [1].

Newmont, which operates the mine, has assembled specialist teams from nearby mine sites to assist in the rescue efforts. The company is exploring all options to restore communication and safely bring the workers to the surface. The British Columbia Premier, David Eby, stated that the province's rescue teams are working overtime to ensure the workers' safety [2].

Imperial Metals, which owns 30% of the mine, has also prioritized the safety of the trapped workers. The company is working with Newmont and other industry experts to resolve the situation. The Transportation Ministry in British Columbia has expedited a permit to allow heavy equipment from the nearby Brucejack mine to assist in the rescue efforts [3].

The Red Chris mine is a significant operation for both Newmont and Imperial Metals. The underground block-cave mining method, which began in 2019, has extended the life of the open-pit operation. The mine's development is a critical part of both companies' strategic plans, and any disruptions could impact their financial performance [3].

Investors and financial professionals should monitor the situation closely, as any delays or complications in the rescue efforts could potentially affect the operations and financial health of both companies.

References:
[1] https://www.reuters.com/en/newmont-says-three-people-trapped-underground-red-chris-mine-canada-2025-07-23/
[2] https://www.marketwatch.com/story/imperial-says-priority-is-safety-of-trapped-miners-after-ground-fall-at-its-joint-owned-mine-393d0a59
[3] https://www.kamloopsbcnow.com/watercooler/news/news/Provincial/3_people_trapped_underground_in_BC_s_Red_Chris_mine_premier_says/