Ivanhoe Mines ( (TSE:IVN) ) has provided an update.
Ivanhoe Mines has filed a technical report for its Platreef project in South Africa, which is set to become one of the world’s largest and lowest-cost producers of platinum, palladium, rhodium, and gold. The project, which includes a three-phase expansion plan, is expected to commence Phase 1 production in the fourth quarter of this year, with Phase 2 accelerated to 2027. The feasibility and economic assessments indicate significant financial returns, positioning Ivanhoe Mines as a key player in the precious metals industry.
More about Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa, including the expansion of the Kamoa-Kakula Copper Complex and the phased development of the Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa. The company is also exploring for new copper discoveries in the Western Forelands.
YTD Price Performance: -22.93%
Average Trading Volume: 277,707
Technical Sentiment Signal: Hold
Current Market Cap: $12.48B
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