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 [...]
Ivanhoe Mines 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 session. Media are invited to attend on a listen-only basis. To view the webcast use the link [...]
Kamoa-Kakula produced 100,812 tonnes of copper in concentrate in Q2 2024 First concentrate from the Phase 3 concentrator achieved on June 10, 2024, ramp up to steady state expected in Q3 2024 DRC power grid infrastructure upgrades continue, as well as phased roll-out of on-site, backup generation capacity Ivanhoe Mines to issue Q2 2024 financial results and host conference call for investors on July 31 Ivanhoe Mines [...]
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 [...]
Ivanhoe Mines 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 Outcome Votes for % for Votes withheld % withheld Robert M. Friedland Elected 1,108,010,331 [...]
]Adyton Resources is pleased to announce the appointment of former Friedland exploration manager Dr Chris Wilson as a Non-Executive Director to the Board. Dr Wilson's appointment is subject to TSXV approval and fills the vacancy created by the prior resignation of Mr Anthony Williamson. Dr Wilson, BSc, PhD, FAusIMM, FSEG, FGS, is a commercially-driven exploration geologist with over 30 years of global experience in area [...]
Production from Kamoa-Kakula's Phase 1 and 2 concentrators achieved a near-record 35,474 tonnes of copper in May, benefitting from additional imported power Ivanhoe Mines' 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 [...]
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 [...]
Ivanhoe Mines President, Marna Cloete, to present at the BofA Securities Global Metals, Mining & Steel Conference on May 14, 2024 Ivanhoe Mines , 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 [...]
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 [...]
Ivanhoe will reduce debt to below $150 million following redemption of the convertible notes Ivanhoe Mines today announced that it will redeem all of its outstanding 2.50% Convertible Senior Notes due 2026 on July 11, 2024 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 . As at April 29, 2024, there was US$575 [...]
The 2023 Sustainability Report underscores Ivanhoe's commitment to "Mining with a greater purpose" and its pursuit to be a global leader in responsible mining Ivanhoe Mines 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 [...]
+211,76 %
-55,56 %
