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
Ivanhoe Mines Reports Record Quarterly Production of 103,947 Tonnes from Kamoa-Kakula Copper Complex for Q3 2023
Kamoa-Kakula milled 2.24 million tonnes of ore during the quarter at an average grade of 5.55% copper Kamoa-Kakula has produced 301,336 tonnes copper year-to-date, well on track to achieve 2023 guidance Phase 3 concentrator, smelter and hydropower project on schedule for Q4 2024 start Kamoa 1 and Kansoko underground access tunnels successfully connected for Phase 3 mining Ivanhoe Mines to issue Q3 2023 financial results and host conference call for investors on November 6 Ivanhoe Mines...
2023-10-04 7:28 AM EDT
Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Copper Complex
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - September 18, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) regrets to report that a fatal accident has occurred at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). A fatal accident occurred underground at the Kakula mine when Mr. Mick Ilunga, a contractor drill rig operator, was struck by a fall of ground. A second contractor drill rig operator is receiving medical treatment for non-life-threatening...
2023-09-18 11:11 AM EDT
Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor
Up to 10,000 tonnes of copper concentrate to be exported via Angolan Lobito Ocean Port in Q4 2023 MOU is first commercial agreement under new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor Distance from Kamoa-Kakula to Lobito Port is just over half that compared with Durban, South Africa Rail corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-Kakula Rail corridor set to transform economic and social development...
2023-08-16 10:22 AM EDT
Ivanhoe Mines Issues Second Quarter 2023 Financial Results, and Review of Construction and Exploration Activities
Kamoa-Kakula Copper Complex sold 101,526 tonnes of payable copper in Q2 2023 and recognized record quarterly revenue of $702 million and EBITDA of $457 million Ivanhoe Mines recorded Adjusted EBITDA of $172 million for Q2 2023, compared with $101 million for the same period in 2022 Ivanhoe Mines recorded a quarterly profit of $87 million, driven by income from the Kamoa-Kakula joint venture of $123 million Kamoa-Kakula's quarterly cost of sales total $1.24 per lb. of payable copper; C1 cash...
2023-08-03 8:33 AM EDT
Ivanhoe Mines Announces Highly Promising Preliminary Testwork for Improving Copper Recoveries at Kamoa-Kakula
Kolwezi, Democratic Republic Congo--(Newsfile Corp. - July 27, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to provide an update on preliminary test work conducted to improve copper recovery at the Kamoa-Kakula Copper Complex. Ivanhoe Mines' Founder and Executive Co-Chairman, Robert Friedland commented: "Despite the Phase 1 and 2 concentrators exceeding the nameplate recovery rate, the grade of copper in Ka
2023-07-27 7:30 AM EDT
Ivanhoe Mines to Issue Q2 2023 Financial Results and Host Conference Call for Investors on August 3, 2023
Toronto, Ontario--(Newsfile Corp. - July 26, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its second quarter 2023 financial results before market open on Thursday, August 3, 2023. The company will hold an investor conference call to discuss the Q2 2023 financial results at 10:30 a.m. Eastern Standard Time / 7:30 a.m. Pacific Standard Time / 4:30 p.m. Central European Time on the same day. The conference call will conclude with a question-and-answer (Q&A) session. Media are...
2023-07-26 3:09 PM EDT
Ivanhoe Mines Announces Retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun
Johannesburg, South Africa--(Newsfile Corp. - July 18, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete today announced the retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun. In addition, the company is pleased to announce the appointment of Weibao "Webber" Hao as Ivanhoe Mines' Non-Executive Co-Chairman and Director, effective today. Mr. Sun was appointed to the Ivanhoe Mines' Board of...
2023-07-18 7:30 AM EDT
Ivanhoe Mines Reports Record Quarterly Production of 103,786 Tonnes from Kamoa-Kakula Copper Complex for Q2 2023
Kamoa-Kakula achieves 11% quarter-on-quarter increase in copper production Kamoa-Kakula milled a record 2.2 million tonnes of ore during the quarter at an average grade of 5.2% copper Kamoa-Kakula sets a new weekly production record of 9,710 tonnes of copper New daily average milling record of approximately 30,000 tonnes achieved in July Ball mill installation at Phase 3 concentrator has commenced; construction well on track for Q4 2024 production Ivanhoe Mines to issue Q2 2023 financial...
2023-07-05 7:33 AM EDT
Ivanhoe Mines' President Marna Cloete Featured in 'Changing the Face of Mining' Report
London, United Kingdom--(Newsfile Corp. - June 29, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is pleased to report that the company's President Marna Cloete has been featured in the newly-released "Changing the face of mining" report from global law firm White & Case LLP, headquartered in New York City, USA, and ARCH Emerging Markets Partners of London, United Kingdom. The mining industry is going through a period of deep transition as it attempts to carve out a sustainable future, and...
2023-06-29 9:50 AM EDT