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 [...]
Ivanhoe Mines 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 [...]
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 [...]
Ivanhoe Mines 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 [...]
Construction of new concentrator and underground development well ahead of schedule for first production in Q2 2024 Kipushi expected to produce more than 250,000 tonnes of zinc annually over first five years New Kipushi commercial border crossing and bypass road to unlock value for Kipushi and Kamoa-Kakula Ivanhoe Mines Executive Co-Chair Robert [...]
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 [...]
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 [...]
Ivanhoe Mines Ltd. announces that it has closed its previously announced private placement offering of 47,917,050 Class A common shares at a price of C$12.00 per Common Share for aggregate gross proceeds of approximately C$575 million , including the full exercise of the 15% agent's option granted to BMO Capital Markets, as sole agent, in [...]
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 [...]
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 [...]
22,195 square kilometres of prospecting rights granted in Moxico and Cuando Cubango provinces Licence package equivalent to half the size of Switzerland Project mobilization to commence in Q1 2024 United States Geological Survey also signs MOU with Geological Institute of Angola for the mapping of the country's critical minerals Ivanhoe Mines [...]
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 [...]
