Ivanhoe Mines to issue Q1 2024 financial results and host conference call for investors on April 30, 2024
Toronto, Ontario--(Newsfile Corp. - April 16, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its first quarter 2024 financial results before market open on April 30, 2024. In addition, Ivanhoe Mines will release its seventh annual sustainability report before market open on April 17, 2024. The company will hold an investor conference call to discuss its first quarter 2024 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on April 30. The conference call will...
2024-04-16 5:44 PM EDT
Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex
Kamoa-Kakula produced 86,203 tonnes of copper in concentrate in Q1 2024 2024 production guidance for Kamoa-Kakula maintained at 440,000 to 490,000 tonnes of copper in concentrate, with early commissioning of the Phase 3 concentrator now in May 2024 DRC grid infrastructure upgrades underway, as well as phased roll-out of on-site, backup generation capacity Daily milling record achieved of 31,375 tonnes of ore by Phase 1 and 2 concentrators on January 2, 2024 Quarterly mining record achieved of...
2024-04-03 7:29 AM EDT
Ivanhoe Mines Issues 2023 Fourth Quarter and Annual Financial Results, Overview of Construction and Exploration Activities
Ivanhoe Mines recognized profit of $303 million, record normalized profit of $388 million and record adjusted EBITDA of $604 million in 2023 Kamoa-Kakula recognized record annual revenue of $2.70 billion and record EBITDA of $1.68 billion in 2023 Kamoa-Kakula milled a record 8.54 million tonnes in 2023 at an average grade of 5.23% copper Kamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, achieving its production guidance range despite intermittent grid instability...
2024-02-26 7:46 AM EST
Ivanhoe Mines to Issue Q4 and Full Year 2023 Financial Results and Host Conference Call for Investors on February 26, 2024
Toronto, Ontario--(Newsfile Corp. - February 16, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its fourth quarter and full year 2023 financial results before market open on Monday, February 26, 2024, which is the first day of the 33rd BMO Global Metals & Mining Conference in Hollywood, Florida. The company will hold an investor conference call to discuss the results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call will conclude with a...
2024-02-16 7:29 AM EST
Ivanhoe Mines' Kamoa-Kakula Signs Term Sheet to Export Copper Along Lobito Atlantic Railway Corridor
Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the
2024-02-07 1:00 AM EST
Ivanhoe Mines Congratulates His Excellency Félix Tshisekedi on His Re-Election and Inauguration as the President of the Democratic Republic of the Congo
Kinshasa, Democratic Republic of Congo--(Newsfile Corp. - January 22, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete, today extended their congratulations to His Excellency Félix Tshisekedi on his re-election and inauguration as the President of the Democratic Republic of the Congo. Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented: "On behalf of Ivanhoe Mines, we extend our congratulations to...
2024-01-22 7:30 AM EST
Ivanhoe Mines and Gécamines Sign New Joint Venture to Restart the Ultra-High-Grade Kipushi Mine, a Century Since First Opening
Kipushi, Democratic Republic of Congo--(Newsfile Corp. - January 16, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo's state-owned mining company, are pleased
2024-01-16 7:30 AM EST
Ivanhoe Mines Provides 2023 Production Results and 2024 Production Guidance for the Kamoa-Kakula Copper Complex
Kamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, within guidance Year-over-year copper production increased by 18% Kamoa-Kakula sets 2024 production guidance at between 440,000 and 490,000 tonnes of copper, with Phase 3 concentrator ahead of schedule for completion in Q3 2024 Daily milling record achieved of 31,084 tonnes by Phase 1 and 2 concentrators of ore on January 1, 2024 Kamoa-Kakula's 2024 cash cost and capital expenditure guidance will be included in 2023...
2024-01-08 7:30 AM EST
Ivanhoe Mines' Exports Commence from Kamoa-Kakula Copper Complex Along Lobito Atlantic Rail Corridor
First 1,100-tonne concentrate shipment of 10,000-tonne trial arrives at the Angolan port of Lobito by rail Shipment is the first export of copper under new concession from the Democratic Republic of Congo and Angola utilizing the Lobito Atlantic Rail Corridor Time taken to reach port of Lobito took 8 days, compared with approximately 25 days by road to Durban, South Africa Lobito Corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-Kakula Lobito...
2024-01-02 7:30 AM EST
Ivanhoe Mines Closes C$575 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - December 18, 2023) - Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) ("Ivanhoe Mines" or the "Company") announces that it has closed its previously announced private placement offering of 47,917,050 Class A common shares (the "Common Shares") at a price of C$12.00 per Common Share for aggregate gross proceeds of approximately C$575 million (approximately US$430 million) ("the Offering"), including the full exercise of the 15% agent's option granted to BMO...
2023-12-18 8:49 AM EST
Ivanhoe Mines to Quadruple 2024 Exploration Budget
Exploration focused on the Western Foreland, following the high-grade Kitoko copper discovery Kitoko's newly discovered copper horizon on the Kibaran Basement significantly increases prospectivity of the Western Foreland for tier-one discoveries Expanded 2024 exploration program targets expansion of Kitoko's 1.9-kilometre length, open in all directions Ivanhoe Mines to test geologic model discovered in hole DD008 in vast areas of the Western Foreland with newly enhanced prospectivity Ivanhoe...
2023-12-07 6:40 AM EST
Ivanhoe Mines Announces the KITOKO Sedimentary Copper Discovery in Western Foreland, Democratic Republic of Congo
Kitoko discovery includes drill hole DD008 intersecting 5.19 metres true width, grading 11.64% copper, at a 1% copper cut-off ■ Kitoko is Ivanhoe's fifth high-grade sedimentary copper discovery in the DRC ■ Mineralogical characteristics of Kitoko are most similar to those of the tier-one Kakula copper orebody ■ Discovery zone traced over a 1.9-kilometre strike and open in all
2023-11-28 7:30 AM EST
Ivanhoe Mines to Commence Exploration Activities in Angola
Luanda, Angola--(Newsfile Corp. - November 27, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to announce that the company has been granted 22,195 square kilometres of greenfield prospecting rights for exploration in the Moxic
2023-11-27 7:29 AM EST
Ivanhoe Mines Reports Mineral Resources for Makoko and Kiala Discoveries in the Western Foreland
Makoko contains Indicated Mineral Resource of 16 million tonnes at 3.55% copper plus Inferred Mineral Resource of 154 million tonnes at 1.97% copper using a 1.5% copper cut-off Kiala contains Indicated Mineral Resource of 5 million tonnes at 3.56% copper using a 1.5% copper cut-off Makoko ranks as the world's third-largest and highest-grade copper discovery since Kakula in 2016 Ivanhoe has now discovered 38.7 million tonnes of contained copper in Measured & Indicated Resources and a further...
2023-11-13 7:35 AM EST
Ivanhoe Mines Responds to Media Reports on Trucking Strike in the Democratic Republic of Congo
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 10, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is responding today to media reports pertaining to the status of trucking shipments in the Democratic Republic of Congo (DRC) in relation to a third-party labour dispute. Operations at the Kamoa-Kakula Copper Complex have continued as normal, and as of November 9, major shipments took place from the mine gate, with further shipments taking place today and onwards. Ivanhoe...
2023-11-10 7:30 AM EST
Ivanhoe Mines Issues Third Quarter 2023 Financial Results, and Review of Construction and Exploration Activities
Kamoa-Kakula Copper Complex sold 96,509 tonnes of payable copper in Q3 2023, recognized quarterly revenue of $695 million and EBITDA of $423 million Ivanhoe Mines adjusted EBITDA of $152 million for Q3 2023, compared with $85 million for Q3 2022 Ivanhoe Mines recorded a quarterly profit of $108 million, driven by income from the Kamoa-Kakula joint venture of $121 million Kamoa-Kakula's quarterly cost of sales total $1.34 per lb. of payable copper; C1 cash costs of $1.46 per lb. Kamoa-Kakula...
2023-11-06 7:52 AM EST
Ivanhoe Mines Announces Updated Greenhouse Gas Assessment Confirming Kamoa-Kakula Copper Complex as the World's Lowest Carbon-emitting Major Copper Mine
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 2, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executi
2023-11-02 7:30 AM EDT
Ivanhoe Mines to Issue Q3 2023 Financial Results and Host Conference Call for Investors on November 6, 2023
Toronto, Ontario--(Newsfile Corp. - October 25, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its third quarter 2023 financial results before market open on Monday, November 6, 2023. The company will hold an investor conference call to discuss the results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call will conclude with a question-and-answer (Q&A) session. Media are invited to attend on a listen-only basis. To view the webcast use the...
2023-10-25 7:30 AM EDT
Ivanhoe Mines and Ivanhoe Electric Congratulate Robert Friedland for Receiving Mongolia's Order of the Polar Star, the Highest State Honour for a Foreign Citizen
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 16, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) and Ivanhoe Electric (NYSE American: IE) (TSX: IE) congratulate Founder and Executive Co-Chairman of Ivanhoe Mines, and Founder and Executive Chairman of Ivanhoe Electric, Robert Friedland on receiving Mongolia's Order of the Polar Star. The award celebrates Mr. Friedland's leadership in the discovery and development of the tier-one Oyu Tolgoi copper-gold complex, one of the largest known...
2023-10-16 7:30 AM EDT
Ivanhoe Mines Announces DRC President, Félix Tshisekedi, Visited the Kamoa-Kakula Copper Complex and Formally Opened the Kamoa Centre of Excellence
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - October 10, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are very pleased to announce that His Excellency Félix Tshisekedi, President of the Democratic Republic of the Congo, visited the Kamoa-Kakula Copper Complex to formally open the Kamoa Centre of Excellenc
2023-10-10 7:30 AM EDT