Ivanhoe Mines recognized profit of $303 million, record normalized profit of $388 million and record adjusted EBITDA of $604 million in 2023
Kamoa-Kakula recognized record annual revenue of $2.70 billion and record EBITDA of $1.68 billion in 2023
Kamoa-Kakula milled a record 8.54 million tonnes in 2023 at an average grade of 5.23% copper
Kamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, achieving its production guidance range despite intermittent grid instability
Kamoa-Kakula reported cash cost (C1) of $1.45 per lb. copper in 2023, at the mid-point of guidance range
Phase 3 concentrator project 82% complete and ahead of schedule for targeted ramp-up in June 2024; smelter complex 76% complete and on schedule for commissioning in Q4 2024
Kamoa-Kakula best-in-class carbon emissions per unit of copper (Scope 1, 2 and 3) set to reduce by further 46% following completion of 500,000 tonne-per-annum, on-site smelter from Q4 2024
Refurbishment of Turbine #5 at Inga II dam 60% complete; on-schedule and on-budget to produce 178 MW of green hydroelectric power from Q4 2024
Ongoing drilling of the high-grade Kitoko Discovery in the Western Forelands expands strike length to 2 km
Kipushi concentrator approximately 85% complete and
ahead of schedule for first production in Q2 2024
Optimized Platreef development plan to bring forward Phase 2 production at 4 Mtpa by equipping Shaft 3 for hoisting
PEA underway for new Phase 3 expansion to 10 Mtpa to rank Platreef as one of the world’s largest and lowest cost PGM and base metal producers
Ivanhoe Mines to host conference call for investors on February 26
Hollywood, Florida–(Newsfile Corp. – February 26, 2024) – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden are pleased to present today, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provide an operations and project development update. see & read more on
https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-issues-2023-fourth-quarter-and-annual-financial-results-overview-of-construction-and-exploration-activities/ |
