Ivanhoe Mines announced today that the company has filed a new National Instrument 43-101 technical report covering the Kamoa-Kakula 2023 Integrated Development Plan for the world-leading Kamoa-Kakula Copper Complex in the Democratic Republic of Congo . The 2023 IDP consists of a Pre-Feasibility Study for the Phase 3 and Phase 4 expansions of the Kamoa-Kakula Copper Complex over a 33-year mine life, as well as an updated [...]
Kamoa-Kakula Copper Complex sold 323,733 tonnes of payable copper in 2022 and recognized record annual revenue of $2.15 billion and record EBITDA of $1.39 billion Ivanhoe Mines recognized a record profit of $434 million in 2022, driven by record income from the Kamoa-Kakula joint venture of $405 million Kamoa-Kakula's 2022 cost of sales total $1.09 per lb. of payable copper; C1 cash costs of $1.39 per lb. within guidance [...]
Ivanhoe Mines will release its 2022 fourth quarter and annual financial results before market open on Monday, March 13, 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 session. Media are invited to attend on a listen-only basis. To view the webcast please use the [...]
Milling operations increased by 22% to 9.2 million tonnes of ore per annum Copper production capacity increases to 450,000 tonnes per annum Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, announced today at the 32nd 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. The ongoing [...]
Ivanhoe Mines announced today that the company is not aware of any company-specific reason that might be contributing to the recent decline in the company's share price. Ivanhoe will release its fourth quarter and full-year 2022 financial results on Monday, March 13, 2023. The company will host a conference call to discuss the results on the same day. DATE: Monday, March 13, 2023 TIME: 7:30 am Pacific / 10:30 am Eastern [...]
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 Ivanhoe Mines Executive [...]
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 [...]
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 for the Phase 3 and 4 expansions of Kamoa-Kakula, and a preliminary economic assessment 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 [...]
Company-wide capital expenditure guidance for 2023 and 2024 to be released on Tuesday, January 31 Investor conference call discussing 2023 Integrated Development Plan to be held on Tuesday, January 31 Ivanhoe Mines will release the Kamoa-Kakula 2023 Integrated Development Plan , as well as the 2023 cash cost guidance for Kamoa-Kakula before market open on Monday, January 30, 2023. In addition, before market open on [...]
Kamoa-Kakula produced approximately 333,500 tonnes of copper in 2022, achieving the upper end of its guidance range Year-over-year copper production increased by 215% Kamoa-Kakula sets 2023 production guidance at between 390,000 and 430,000 tonnes of copper in concentrate Debottlenecking program over 90% complete; soon increasing the rate of annualized production to 450,000 tonnes of copper in concentrate Kamoa-Kakula [...]
Ivanhoe Mines announces today that Executive Co-Chairman Robert Friedland and President Marna Cloete will both be presenting at the Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, which will take place on January 11-12, 2023. Mr. Friedland and Ms. Cloete join a prestigious group of speakers, including: H.R.H. Abdulaziz bin Salman Al Saud, Minister of Energy, Kingdom of [...]
Ivanhoe Mines is responding to a headline published on December 20, 2022, by Bloomberg related to Mr. Vidiye Tshimanga and Ivanhoe's supposed "link" to this individual. The Bloomberg headline infers that Ivanhoe Mines has a business relationship with a company controlled by Mr. Tshimanga, and further infers that Ivanhoe is in some way involved in an ongoing "copper corruption" case in the Democratic Republic of Congo [...]
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