Vancouver's Imperial Metals Corp. (TSX:III) flipped from a profit to a loss in 2009.
The miner of gold, copper and silver lost $12.8 million in its fiscal year that ended December 31, 2009.
It generated a $59.6 million profit in 2008.
Imperial's revenue fell more than 10% to $201.1 million in 2009, down from $229.7 million in 2008.
The company tightened its purse strings as the economic downturn took hold.
Back in 2008, it spent $46.7 million on capital expenditures. In 2009, Imperial decreased spending to $26.7 million and financed that spending from cash flow from its Mount Polley and Huckleberry mines.
Imperial Metals share price range during the past week: $19.70 and $20.04; 52-week high: $20.47; 52-week low: $3.20.