Ivanhoe Mines reports record profit of $351.5 million for Q2 2022 Kamoa-Kakula Mining Complex in the Democratic Republic of Congo sold record 85,794 tonnes of payable copper and recognized revenue of $494.1 million in Q2 2022 Kamoa Copper's cost of sales total $1.15 per pound of payable copper during the second quarter, with C1 cash costs of $1.42 per pound Over the first half of 2022, Kamoa-Kakula milled approximately [...]
Ivanhoe Mines will report its Q2 2022 financial results before market open on Monday, August 15, 2022. The company will hold an investor conference call to discuss the Q2 2022 financial results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same day. The conference call dial-in is +1-647-484-0258 or toll free 1-800-289-0720, quote "Ivanhoe Mines Q2 2022 Financial Results" if requested. Media are invited to [...]
Kamoa-Kakula produces record 30,379 tonnes of copper in June, Phase 2 achieves steady-state production at the end of May Ivanhoe Mines joins United Nations Global Compact, the largest corporate sustainability initiative in the world Basic engineering complete for Kamoa Copper's Phase 3 direct-to-blister flash smelter; orders for long-lead time equipment underway Ivanhoe Mines to issue Q2 2022 financial results and host [...]
Ivanhoe Mines announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual General and Special Meeting held earlier today. The nominees listed in the management proxy circular dated May 3, 2022, 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 [...]
Ivanhoe Mines stated today that it is unaware of any company-specific reason that might be contributing to the recent decline in the company's share price other than general market volatility. On July 5, 2022, Ivanhoe will issue a second quarter production update on the Kamoa-Kakula Mining Complex, as well as a general operations update. In May, Kamoa Copper achieved record monthly copper production of 29,800 tonnes [...]
Kamoa-Kakula's Phase 2 concentrator ramps up to steady state ahead of schedule Kamoa Copper milled record 660,000 tonnes of ore in May, for a run rate of 8 million tonnes per year Phase 3 box cut nears completion at the Kamoa 1 and Kamoa 2 mines Long-lead time items secured for Inga II hydroelectric upgrade; construction to commence in July Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to [...]
Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo sold 51,919 tonnes of payable copper and recognized record revenue of $519.6 million in Q1 2022 The Kamoa-Kakula joint venture recorded record EBITDA of $399.4 million, and operating profit of $380.5 million for Q1 2022 Kamoa-Kakula's cost of sales total $1.08 per pound of payable copper in Q1 2022, with C1 cash costs trending towards lower end of 2022 [...]
Platreef Phase 1 production on schedule for Q3 2024 First blast on Platreef's 950-metre level completed on April 22, lateral mine development toward Flatreef orebody commences Ivanplats takes delivery of first battery-electric mining fleet, planning of Platreef's initial solar power plant well underway Ivanhoe Mines Executive Co-Chair Robert Friedland and President, Marna Cloete, announced today at the African Mining [...]
Phase 3 expansion to include additional Kamoa 5 million-tonne-per-annum concentrator, adjacent to two new underground mines Kamoa Copper commences earthworks on direct-to-blister smelter; on-site copper metal production expected in Q4 2024 Phase 2 production ramp-up to double annual copper production continues to progress smoothly Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce [...]
Ivanhoe Mines announced today the publication of its fifth annual Sustainability Report. The report highlights Ivanhoe Mines' sustainability programs and initiatives in 2021, including significant accomplishments achieved at its three mine development projects, and outlines goals and benchmarks for current and future corporate activities. Ivanhoe Mines is committed to producing the world's "greenest copper" at its [...]
Ivanhoe Mines stated today that the company is unaware 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 imminently issue an update on the Kamoa-Kakula Mining Complex, including further detail on the Phase 3 expansion plans. Engineering and early works for the Phase 3 expansion are progressing quickly, with a [...]
New daily production record of 1,202 tonnes copper produced on April 8 Phase 2 concentrator declared commercial production on April 7; Kamoa Copper to increase annualized copper production to more than 400,000 tonnes First copper production from Kamoa-Kakula's Phase 3, including copper metal from on-site flash smelter, expected in Q4 2024 Ivanhoe Mines to issue Q1 2022 financial results and host conference call for [...]
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