July 6 (Reuters) - Imperial Metals Corp III.TO :
* Announces second quarter production results and non-compliance with certain bank debt covenants
* Says revised production target for year is in range of 80 to 83 million pounds of copper
* Says is unlikely to meet lower end of its 2017 targeted copper production level of 85 million pounds of copper
* Says will not meet certain of financial covenants under its bank senior credit facility
* Says initiated discussions with its senior credit facility lenders and has requested a waiver of these covenants
* Says is in process of revising ongoing mine plans for both Red Chris and Mount Polley mines
* Says as result of weak production in H1 2017, co will require extra financing, will consider all options, including review of strategic alternatives
* Says gold production at Red Chris for 2017 expected to be about 40 thousand ounces,lower end of targeted range of 40 to 45 thousand ounces Source text for Eikon: ID:nGNXNYUQTa Further company coverage: III.TO