IVN Ivanhoe Mines Ltd. Class A

Kamoa-Kakula Mines and Stockpiles a Record Number of Tonnes of Copper Ore in March

New monthly development record also achieved, with an advancement of more than 3,000 metres

Detailed monthly progress update expected on April 6

Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - April 1, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) has mined and stockpiled a record number of tonnes of copper ore during the month of March. The project also set a new monthly development record, with an advancement of more than 3,000 metres.

Final tonnage calculations and assays are pending for the ore mined during March. The monthly progress update for March, detailing tonnes and grade, as well as the project's overall construction progress, is expected to be issued on April 6, 2021.

The total project remains on track and on budget, with the milestone of first ore into the mill comfortably expected to be achieved this July.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Kamoa-Kakula is expected to begin producing copper in July 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

To view the source version of this press release, please visit

EN
01/04/2021

Underlying

IVNIvanhoe Mines Ltd. Class A

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ivanhoe Mines Ltd. Class A

Free Trial
IVN Ivanhoe Mines L...

Ivanhoe Mines Ltd: 2 directors

Two Directors at Ivanhoe Mines Ltd sold/sold after exercising options 160,288 shares at between 18.972CAD and 19.000CAD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all...

IVN IVANHOE MINES LTD. CLASS A
11/28/24 November 28, 2024 1 EN
 PRESS RELEASE
Free
IVN Ivanhoe Mines L...

Ivanhoe Mines Announces C$500 Million Private Placement

Ivanhoe Mines Announces C$500 Million Private Placement 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 of C$500 million (approximately US$370 million). The Comp...

December 12, 2023 1 EN
 PRESS RELEASE
Free
IVN Ivanhoe Mines L...

Ivanhoe Mines Issues Third Quarter 2023 Financial Results, and Review ...

Kamoa-Kakula Copper Complex sold 96,509 tonnes of payable copper in Q3 2023, recognized quarterly revenue of $695 million and EBITDA of $423 millionIvanhoe Mines adjusted EBITDA of $152 million for Q3 2023, compared with $85 million for Q3 2022Ivanhoe Mines recorded a quarterly profit of $108 million, driven by income from the Kamoa-Kakula joint venture of $121 millionKamoa-Kakula's quarterly cost of sales total $1.34 per lb. of payable copper; C1 cash costs of $1.46 per lb.Kamoa-Kakula year-to-date production of 301,336 tonnes and C1 cash cost of $1.43 per lb., in line with guidancePhase 3 co...

November 6, 2023 1 EN
 PRESS RELEASE
Free
IVN Ivanhoe Mines L...

Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Ka...

Up to 10,000 tonnes of copper concentrate to be exported via Angolan Lobito Ocean Port in Q4 2023MOU is first commercial agreement under new concession for exporting metals from the DRC using the Lobito Atlantic Rail CorridorDistance from Kamoa-Kakula to Lobito Port is just over half that compared with Durban, South AfricaRail corridor passes through Ivanhoe's Western Foreland licences and within five kilometres of Kamoa-KakulaRail corridor set to transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional industrializationThe ceremony cel...

August 16, 2023 1 EN
 PRESS RELEASE
Free
IVN Ivanhoe Mines L...

Ivanhoe Mines Issues Second Quarter 2023 Financial Results, and Review...

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 millionIvanhoe Mines recorded Adjusted EBITDA of $172 million for Q2 2023, compared with $101 million for the same period in 2022Ivanhoe Mines recorded a quarterly profit of $87 million, driven by income from the Kamoa-Kakula joint venture of $123 millionKamoa-Kakula's quarterly cost of sales total $1.24 per lb. of payable copper; C1 cash costs of $1.41 per lb. at the lower end of guidanceIvanhoe Mines announces significant preliminary testwork...

August 3, 2023 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch