NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds...
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...
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 of...
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...
Results indicate a significant improvement in total recoveries can be achieved by liberating copper from tailings stream Based on these results, Kamoa-Kakula can further increase production, revenues and cash flow 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...
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...
Ivanhoe welcomes Weibao "Webber" Hao as Non-Executive Co-Chairman and Director 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,...
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 results...
Ivanhoe Mines to join BHP as an investor in I-Pulse, a global leader in pulsed-power technology Ivanhoe Mines intends to enter into collaboration agreement with I-ROX, an I-Pulse subsidiary, to investigate and develop applications for pulsed-power technology in the mining sector Kamoa-Kakula Copper Complex to commence test program with I-ROX, targeting improved copper recoveries London, United Kingdom--(Newsfile Corp. - June 15, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair...
Monthly copper production equivalent to annual production of approximately 430,000 tonnes New daily ore milling record achieved at Kamoa-Kakula, equivalent to an annual rate of approximately 9.8 million tonnes Phase 1 and 2 concentrators continue to operate at above-design copper recoveries Phase 3 expansion and smelter advancing on schedule for first production in Q4 2024 Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 5, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs...
Ivanhoe Mines to release Kamoa-Kakula production results for month of May on Monday, June 5 London, United Kingdom--(Newsfile Corp. - June 1, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that it is not aware of any company-specific reason that might be contributing to the recent decline in the company's share price, other than general market volatility. Ivanhoe will release production results for the month of May from the Kamoa-Kakula Copper Complex on Monday, June 5, 2023....
United States announces support for development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit U.S. International Development Finance Corporation evaluating $250 million in financing for 'key economic' rail corridor connecting the Angolan port of Lobito to the DRC Copperbelt Rail corridor passes through Western Foreland licences and within five kilometres of Kamoa-Kakula Copper Complex Distance from Kamoa-Kakula to Angolan Lobito Ocean Port is approximately halved compared with...
Kamoa-Kakula sold 86,777 tonnes of payable copper during the quarter and recognized record revenue of $689 million, as well as record EBITDA of $452 million Ivanhoe Mines recorded Q1 2023 profit of $82 million, net of $31 million non-cash loss on the convertible bond fair valuation Kamoa-Kakula produced 93,603 tonnes of copper in Q1 2023, including a record 34,915 tonnes of copper in March, following debottlenecking program completed ahead of schedule Kamoa-Kakula's quarterly cost of sales total...
Off-take term sheet for 100% of Kipushi's zinc concentrate, together with US$250 million facility supported by Glencore Kipushi construction advancing ahead of schedule; first concentrate production expected in Q3 2024 Underground development of the Big Zinc orebody also ahead of schedule; mining to commence in January 2024 Plans for dedicated Kipushi commercial border-crossing advancing to unlock value for the DRC, Kipushi and Kamoa-Kakula Kipushi to be powered by clean hydroelectricity,...
Toronto, Ontario--(Newsfile Corp. - April 21, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its first quarter 2023 financial results before market open on Wednesday, May 3, 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 please use the...
Kamoa-Kakula produced record 34,915 tonnes of copper in March Kamoa-Kakula reported weekly production record of 9,016 tonnes of copper and daily production record of 1,563 tonnes of copper in March Phase 1 and 2 concentrators reached new daily average milling record of over 29,000 tonnes Kamoa-Kakula achieved record average copper recoveries exceeding 88% in March Kamoa-Kakula milled approximately 1.93 million tonnes of ore during the quarter at average grade of 5.4% copper Ivanhoe Mines to...
Milling operations increased by 22% to 9.2 million tonnes of ore per annum Copper production capacity increases to 450,000 tonnes per annum Hollywood, Florida--(Newsfile Corp. - February 27, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, announced today at the 32 nd BMO Global Metals & Mining Conference that the debottlenecking of the Kamoa-Kakula Copper Complex's Phase 1 and 2 concentrators has been completed ahead of schedule....
Independent Mineral Resource estimate for Western Foreland's Makoko and Kiala high-grade copper discoveries targeted in mid-2023, to be followed by Preliminary Economic Assessment Western Foreland's 2023 exploration program budgeted at approximately US$19 million, including up to 70,000 metres of drilling Ivanhoe to release 2022 fourth quarter and annual financial results on Monday, March 13 Hollywood, Florida--(Newsfile Corp. - February 23, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF)...
Kamoa-Kakula Phase 3 and future expansion capital costs expected to be funded by operating cash flow, at current copper prices Platreef Phase 1 initial capital currently funded with proceeds from stream facility; $150 million senior debt facility progressing well Kipushi construction activities underway, with pre-payment financing and offtake discussions nearing completion Investor call today covering the Kamoa-Kakula 2023 Integrated Development Plan announced yesterday Johannesburg, South...
Ivanhoe's 26-year odyssey of discovery realizes a globally significant copper complex essential for the energy transition 2023 IDP consists of a pre-feasibility study (PFS) for the Phase 3 and 4 expansions of Kamoa-Kakula, and a preliminary economic assessment (PEA) life-of-mine extension case Phase 3 expansion, to be completed in 2024, increases Kamoa-Kakula's annual copper production to a ten-year average of 620,000 tonnes of copper, at cash costs (C1) of $1.22/lb. Expansion to 19.2 Mtpa in...