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Sydnee Gatewood
Sydnee Gatewood
Articles (2467) 

Bruce Berkowitz Comments on Imperial Metals

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January 31, 2020 | About:
Imperial Metals Corporation (TSX:III) (“Imperial”) debt and common stock accounted for 550 basis points of 2019 performance. Imperial sold seventy percent of Red Chris to Newcrest Mining, which should dramatically improve Red Chris’ potential, production, and profits. Imperial is now debt free and continues to own thirty percent of a world class copper and gold resource.

From Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund (Trades, Portfolio) annual shareholder letter for 2019.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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