Welcome to our dedicated page for Ivanhoe Mines news (Ticker: IVPAF), a resource for investors and traders seeking the latest updates and insights on Ivanhoe Mines stock.
Ivanhoe Mines Ltd (IVPAF) is a leading Canadian mining developer advancing world-class copper, zinc, and platinum-group metals projects across Southern Africa. This page provides investors with direct access to official press releases and verified news about operational milestones, sustainability initiatives, and strategic developments.
Discover timely updates on the Kamoa-Kakula Copper Complex’s production growth, Kipushi Mine’s high-grade zinc operations, and the Platreef Project’s progress toward becoming a major PGM producer. Our curated news collection ensures transparent tracking of resource estimates, partnership announcements, and technological innovations driving the company’s low-carbon mining practices.
Key updates include quarterly production results, exploration breakthroughs, and leadership insights – all essential for assessing Ivanhoe’s role in supplying critical metals for global energy transition. Bookmark this page to monitor operational efficiency gains, safety records, and ESG commitments across African operations.
Ivanhoe Mines has announced positive results from two independent technical studies on Phase 2 and Phase 3 expansions of its Platreef mine in South Africa. The Phase 1 production will commence in Q4 2025, followed by Phase 2 expansion in 2027, which will increase production to over 460,000 ounces of platinum, palladium, rhodium, and gold annually, plus 9,000 tonnes of nickel and 6,000 tonnes of copper.
The 4.1 Mtpa Feasibility Study yields an after-tax NPV8% of $1.4 billion and IRR of 20%. The Phase 3 expansion outlined in the 10.7 Mtpa PEA would further double production to over 1 million ounces of precious metals annually, plus 22,000 tonnes of nickel and 13,000 tonnes of copper, with an NPV8% of $3.2 billion and IRR of 25%.
Platreef is positioned to become the lowest-cost primary platinum-group-metals producer globally, with estimated life of mine total cash costs of $599 per ounce for Phase 2 and $511 per ounce for Phase 3.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has announced it will release its Q4 and full year 2024 financial results after market close on February 19, 2025. The company will host an investor conference call to discuss the results on February 20, 2025, at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time.
The conference call will include a Q&A session and will be accessible via webcast. Media representatives are invited to attend on a listen-only basis. Following the call, the webcast recording and presentation slides will be available on the company's website, along with the financial statements and Management's Discussion and Analysis on both the company website and SEDAR.
Ivanhoe Mines has formed an Exploration Joint Venture to explore Kazakhstan's Chu-Sarysu Copper Basin, the world's third-largest sediment-hosted copper district. The venture covers a 16,000 km2 licence package, approximately 7.5 times larger than Ivanhoe's Western Forelands Project.
The company has committed $18.7 million in exploration activities over an initial two-year period, with rights to increase ownership up to 80%. The joint venture with UK-based Pallas Resources includes access to Soviet-era exploration data. Ivanhoe can earn a majority interest by spending up to $115 million over the subsequent four years.
The Chu-Sarysu Basin hosts 27 million tonnes of known copper, with the USGS estimating approximately 25 million tonnes of undiscovered copper potential. The region includes the Zhezkazgan complex, which produces about 200,000 tonnes of copper annually.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has successfully completed its offering of US$750,000,000 in senior notes, carrying a 7.5% interest rate and due in 2030. The notes represent senior unsecured obligations of the company and are backed by guarantees from certain company subsidiaries.
The gross proceeds from this offering will be allocated towards general corporate purposes, including capital expenditure for project expansions, as well as covering fees and expenses related to the offering itself.
Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced the pricing of US$750,000,000 7⅞% senior notes due 2030. The notes will be senior unsecured obligations of the company and will be guaranteed by certain company subsidiaries.
The gross proceeds from the offering will be allocated to general corporate purposes, including capital expenditure for project expansion, and to cover fees and expenses related to the offering. The closing of the offering remains subject to customary conditions precedent.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has announced the launch of a US$600 million senior notes offering due 2030. The notes will be senior unsecured obligations guaranteed by certain company subsidiaries. Additionally, the company has secured a US$120 million revolving credit facility agreement dated December 22, 2024.
The proceeds from the notes offering will be allocated to general corporate purposes, including capital expenditure for project expansion and offering-related fees and expenses. The notes will be backed by guarantees from specified subsidiary companies (Guarantors).
Ivanhoe Mines reported record copper production from its Kamoa-Kakula complex, reaching 437,061 tonnes of copper in concentrate for 2024, a 12% year-over-year increase. The fourth quarter saw record production of 133,819 tonnes, up 15% from Q3, with December achieving a monthly record of 47,058 tonnes.
The company's Kipushi mine produced 50,307 tonnes of zinc in concentrate during 2024, including a record 14,900 tonnes in December. For 2025, Kamoa-Kakula's production guidance is set at 520,000-580,000 tonnes of copper, while Kipushi targets 180,000-240,000 tonnes of zinc.
A recent fire damaged 36 MW of backup power generation at Kamoa-Kakula, which may delay smelter commissioning by up to three months. The company has signed offtake agreements with CITIC Metal and Gold Mountains for 80% of the smelter's copper anode production, securing a $500 million advance payment facility.
Robert Friedland has provided an update on his shareholdings in Ivanhoe Mines following previously disclosed transactions from August 18, 2023. A wholly-owned subsidiary has pledged 62,700,000 common shares (4.64% of outstanding shares) as security to a U.S. commercial bank for personal financing transactions. This represents less than a 2% increase in pledged shares since the last disclosure.
Friedland currently owns, through wholly-owned subsidiaries and directly, 163,229,617 common shares (12.08% of outstanding shares). Including potential shares from options, restricted share units, and performance share units, his ownership could reach 167,706,290 shares (12.37% on a partially-diluted basis). He retains ownership rights over the pledged shares and intends to settle transactions in cash. Future share transfers for estate planning purposes will not exceed 8.8% of outstanding shares.
Kamoa-Kakula Copper Complex achieved a record monthly production of 45,019 tonnes of copper in concentrate during November 2024. The concentrators milled 1.2 million tonnes of ore at an average feed grade of 4.58% copper. Year-to-date production through November totals 390,061 tonnes. The Phase 3 concentrator reached an 85.3% recovery rate, approaching its 86% design rate, and achieved a 90% recovery rate over 24 hours on November 26. The DRC is expected to surpass Peru as the world's second-largest copper producer in 2024, with projected production of 2.9 million tonnes.
Ivanhoe Mines announces the official reopening of the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the Democratic Republic of the Congo (DRC). The ceremony was led by DRC President Félix Tshisekedi and attended by various dignitaries. The mine's workforce is 97% Congolese. The company has been ranked #2 globally in the Emissions category of the ESG Mining Company Index. Independent consultants estimate that the Kamoa-Kakula Copper Complex and Kipushi mine have among the lowest greenhouse gas emissions intensities globally, with Kipushi expected to be the lowest emitter per tonne of zinc produced once fully operational.
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