Ivanhoe Mines Ltd

TSX:IVNCanadaView on OTCQX International Premier

Jul 31, 2024

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• Ivanhoe Mines Reports Q2 Normalized Profit Little Changed From a Year Ago, But Talks Up Kamoa-Kakula Copper Complex In DRC, from 9:24AM ET on Wednesday Jul 31, 2024 by MT Newswires

  9:24AM ET on Wednesday Jul 31, 2024 by MT Newswires
  Companies Mentioned: IVN
  09:24 AM EDT, 07/31/2024 (MT Newswires) -- Ivanhoe Mines (IVN.TO) on Wednesday reported normalized profit for the second quarter that was little changed from a year ago, but talked up potential of the Kamoa-Kakula Copper Complext in the Democratic R...

• -- Ivanhoe Mines Brief: Reporting record Adjusted EBITDA of US$203 million for Q2 2024, compared with $126 million for Q1 2024, from 8:47AM ET on Wednesday Jul 31, 2024 by MT Newswires

  8:47AM ET on Wednesday Jul 31, 2024 by MT Newswires
  Companies Mentioned: IVN
  08:47 AM EDT, 07/31/2024 (MT Newswires) -- ...

• ---- Ivanhoe Mines Brief: Announcing Q2 profit of US$67 million and record quarterly normalized profit of $115 million, driven by income from the Kamoa-Kakula JV of $90 million, from 8:46AM ET on Wednesday Jul 31, 2024 by MT Newswires

  8:46AM ET on Wednesday Jul 31, 2024 by MT Newswires
  Companies Mentioned: IVN
  08:46 AM EDT, 07/31/2024 (MT Newswires) -- Ivanhoe Mines (IVN.TO) on Wednesday ...

• Ivanhoe Mines Issues Second Quarter 2024 Financial Results, and Review of Construction and Exploration Activities, from 8:42AM ET on Wednesday Jul 31, 2024 by Newsfile

  8:42AM ET on Wednesday Jul 31, 2024 by Newsfile
  Companies Mentioned: IVPAF

  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

• Ivanhoe Mines Issues Second Quarter 2024 Financial Results, and Review of Construction and Exploration Activities, from 8:42AM ET on Wednesday Jul 31, 2024 by Dow Jones

  8:42AM ET on Wednesday Jul 31, 2024 by Dow Jones
  Companies Mentioned: IVN
  
  post-completion (from 2025) by approximately 20%; (xxiii) statements that the design recoveries of the Kipushi concentrator are targeted to be 96% with a concentrate grade averaging 55% contained zinc; (xxiv) statements that over the first five years annualized production is expected to average 278,000 tonnes of zinc in concentrate, positioning Kipushi as the world's fourth-largest zinc mine and the largest on the African continent; (xxv) statements that Kipushi's ramp-up to steady state production is expected in September; (xxvi) statements that the Kipushi concentrator's debottlenecking program is targeting a 20% increase in processing capacity to 960,000 tonnes of ore per annum; (xxvii) statements that initially, it is expected that approximately 50% of Kipushi's concentrate will be delivered to Europe for smelting on a CIF basis, exported via the port of Walvis Bay, the remaining 50% will be a DAP to the port of Durban; (xxviii) statements that off-take agreements for the remaining Kipushi concentrate are expected to be placed in the coming months; (xxix) statements that underground mining rates at Kipushi are expected to significantly increase throughout the second half of the year to match the steady-state processing rate of the concentrator; (xxx) statements that Kipushi will be the lowest greenhouse gas emitter per tonne of zinc produced; (xxxi) statements that first concentrate at Platreef is expected in the second half of 2025; (xxxii) statements that the concentrator will be placed on care and maintenance until H2 2025, as Shaft #1 prioritizes hoisting waste development required to bring forward the start of Phase 2; (xxxiii) statements that the 10-metre diameter Shaft 2, which is required for the Phase 2 expansion, will be the largest hoisting shaft on the African continent; (xxxiv) statements that the Phase 2 expansion at Platreef will be accelerated by re-purposing ventilation Shaft #3 for hoisting; (xxxv) statements that the reaming of Shaft #3 is expected to be completed during the third quarter of 2024 and that once equipped, Shaft #3 is expected to be reading for hoisting in the first quarter of 2026, ahead of the completion of the much larger Shaft #2; (xxxvi) statements that the Platreef Phase 1 and Phase 2 concentrators will have a total combined processing capacity of approximately 4.0 Mtpa, with ore fed by Shaft #1 and Shaft #3; (xxxvii) statements that an additional underground ventilation will now be provided by a new 5.1-metre diameter, named Shaft #4 and that once reaming is completed and the ventilation fans are installed, Shaft #4 is expected to be operational during the third quarter of 2025; (xxxviii) statements that the updated Feasibility Study for the Phase 2 expansion is planned to be completed in the fourth quarter of 2024; (xxxix) statements that Ivanhoe has also commissioned a PEA for an additional expansion, Phase 3, taking the total Platreef processing capacity up to approximately 10 Mtpa is expected to be completed in the fourth quarter of 2024; (xl) statements that Phase 3 is anticipated to rank Platreef as one of the world's largest and lowest-cost platinum-group metal, nickel, copper and gold producers; (xli) statements that on-boarding of the Shaft #2 sinking concentrator to commence sinking operations in the first quarter of 2025; (xliii) statements that Kamoa-Kakula's production guidance is maintained at between 440,000 and 490,000 tonnes of copper; (xliv) statements that recovery from Project 95 is expected to boost average annualized copper production by up to 30,000 tonnes from the Phase 1 and 2 concentrators and that Project 95 execution is expected to take 18 months; (xlv) statement regarding Kipushi's 2024 production guidance being between 100,000-140,000 tonnes of zinc in concentrate; (xlvi) statements that the on-site smelter will offer transformative financial benefits for the Kamoa-Kakula Copper Complex, most significantly a material reduction in logistics costs, and to a lesser extent reduced concentrate treatment charges and local taxes, as well as revenue from acid sales; (xlvii) statements regarding Kamoa-Kakula's 2024 cash cost (C1) guidance is $1.50 - $1.70 per lb; and (xlix) statements regarding the company's capital expenditures guidelines for 2024 and 2025.