Ivanhoe Mines Issues Second Quarter 2024 Financial Results, and Review of Construction and Exploration Activities
Ivanhoe Mines announces quarterly profit of $67 million and record quarterly normalized profit of $115 million, driven by income from the Kamoa-Kakula joint venture of $90 million Ivanhoe Mines reports record Adjusted EBITDA of $203 million for Q2 2024, compared with $126 million for Q1 2024 Kamoa-Kakula Copper Complex sold 95,900 tonnes of payable copper in Q2 2024 and recognized record quarterly revenue of $817 million and record EBITDA of $547 million Kamoa-Kakula's quarterly cost of sales...
2024-07-31 8:39 AM EDT
Ivanhoe Mines to Issue Q2 2024 Financial Results and Host Conference Call for Investors on July 31, 2024
Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its second quarter 2024 financial results before market open on Wednesday, July 31, 2024. 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...
2024-07-22 7:30 AM EDT
Ivanhoe Mines Reports Q2 2024 Production Results for the Kamoa-Kakula Copper Complex
Kolwezi, Democratic Republic of the Congo--(Newsfile Corp. - July 8, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today that the Kamoa-Kakula Copper Co
2024-07-08 7:28 AM EDT
Ivanhoe Mines Completes Construction of Kipushi Concentrator Ahead of Schedule
First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 tonnes per annum over first five years, making Kipushi the fourth-largest zinc mine globally Basic engineering underway to increase processing capacity of concentrator by 20% to 960,000 tonnes per annum Off-take agreements signed with CITIC Metal and...
2024-07-02 7:30 AM EDT
Ivanhoe Mines Announces Results of Voting for the Election of Directors
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual General Meeting held earlier today. The nominees listed in the management proxy circular dated April 29, 2024, were elected as directors, as shown in the following table of results. Director nominee
2024-06-20 4:44 PM EDT
Ivanhoe Mines Reports First Concentrate from Kamoa-Kakula's Phase 3 Concentrator on June 10, Several Months Ahead of Schedule
New York, New York--(Newsfile Corp. - June 11, 2024) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today, ahead of his appearance at the 2024 Evercore Global Clean Energy & Transition Technologies Summit at the Mandarin Oriental Hotel in New York, that on June 10, 2024, first concentrate production by Kamoa-Kakula's Phase 3 concentrator in the Democratic Republic of the Congo (DRC) was celebrated by the mine-site management and employees. First...
2024-06-11 7:30 AM EDT
Ivanhoe Mines Completes Construction of Kamoa-Kakula's Phase 3 Concentrator Ahead of Schedule and on Budget
First ore to Phase 3 concentrator achieved on May 26; first Phase 3 concentrate expected in early June Phase 3 concentrator increases Kamoa-Kakula copper production capacity to more than 600,000 tonnes per annum, making Kamoa-Kakula the fourth-largest copper mining complex globally Further Kamoa-Kakula growth initiatives in progress, including Project 95, de-bottlenecking of Phase 3 and potential acceleration of Phase 4 expansion Zero lost-time injuries recorded during the construction of the...
2024-05-28 7:30 AM EDT
Ivanhoe Mines Founder and Executive Co-Chairman, Robert Friedland, to address Bloomberg's Qatar Economic Forum on May 16, 2024
Toronto, Ontario--(Newsfile Corp. - May 13, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), a leading diversified mining company, is pleased to announce that its Founder and Executive Co-Chairman, Robert Friedland, will participate in a keynote discussion with Erik Schatzker, Editorial Director of Bloomberg New Economy, at the prestigious Qatar Economic Forum in Doha, on Thursday May 16, 2024, at 6:50 am ET (3:50 am PT). Please visit https://www.qatareconomicforum.com/ for more information....
2024-05-13 7:30 AM EDT
Ivanhoe Mines Issues 2024 First Quarter Financial Results, and Overview of Construction and Exploration Activities
Kamoa-Kakula sold 85,155 tonnes of payable copper during the quarter and recognized revenue of $618 million, as well as EBITDA of $365 million Ivanhoe Mines recorded Q1 2024 loss of $69 million, primarily as a result of non-cash loss on convertible bonds due to 26% quarterly share price increase; normalized profit of $70 million and adjusted EBITDA of $126 million Kamoa-Kakula produced 86,203 tonnes of copper in Q1 2024; annual production guidance for Kamoa-Kakula maintained at between...
2024-04-30 7:30 AM EDT
Ivanhoe Mines Announces Redemption of $575 Million 2.50% Convertible Senior Notes Due 2026
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ("Ivanhoe Mines" or the "Company") today announced that it will redeem all of its outstanding 2.50% Convertible Senior Notes due 2026 (the "Notes") on July 11, 2024 (the "Redemption Date") at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest on such Notes to, but not including, the Redemption Date (the "Redemption Price"). As at April 29,...
2024-04-30 7:29 AM EDT
Ivanhoe Mines Publishes 7th Annual Sustainability Report
Johannesburg, South Africa--(Newsfile Corp. - April 17, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) today published its seventh annual Sustainability Report, summarizing the company's sustainability achievements, activities, and results during 2023. Ivanhoe Mines' sustainability strategy is shaped by our ethos of "Mining with a greater purpose". Ivanhoe aims to provide both the critical metals needed for the energy transition, as well as be an innovator in its approach to mining. The 2023...
2024-04-17 7:49 AM EDT
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