Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Ivanhoe Mines ( (TSE:IVN) ) has provided an announcement.
Ivanhoe Mines reported record financial and operational results for 2024, with a net profit of $193 million and a normalized profit of $386 million. The Kamoa-Kakula complex achieved record copper production and revenues, maintaining competitive cost structures. Additionally, the company’s largest copper smelter is set to enhance margins in the second half of 2025. The Kipushi mine reached commercial production, and the Platreef project is advancing with expansion studies, indicating strong growth prospects and operational efficiency.
More about Ivanhoe Mines
Ivanhoe Mines is a leading company in the mining industry, focusing on the production and exploration of copper and other minerals. It operates the Kamoa-Kakula copper complex and the Kipushi zinc-copper-silver mine, with ongoing developments in the Platreef platinum-palladium-rhodium-nickel-gold-copper project.
YTD Price Performance: -4.02%
Average Trading Volume: 234,785
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.51B
Find detailed analytics on IVN stock on TipRanks’ Stock Analysis page.
