Ivanhoe Mines Advances Platreef Ramp-Up and Secures Funding for Major Expansion

An update from Ivanhoe Mines ( (TSE:IVN) ) is now available.

Ivanhoe Mines reports that ramp-up of the Phase 1 concentrator at its Platreef Mine in South Africa is progressing according to plan following first concentrate production and an initial sale, with underground development advancing on multiple levels ahead of a major increase in hoisting capacity. Shaft #3 remains on schedule to be ready for hoisting in April 2026, which will lift total hoisting capacity from 0.8 million tonnes to about 5 million tonnes per year and support a Phase 2 expansion expected to boost annual production to roughly 450,000 ounces of platinum, palladium, rhodium and gold within 24 months. The company has secured a US$700 million senior project finance facility to fund Phase 2, as the Platreef metals basket now exceeds US$2,500 per ounce, supported by record copper and recovering nickel prices, and is underpinned by a very large, thick Flatreef orebody hosting tens of millions of ounces of precious metals that management believes will enable long-life, mechanized, lower-cost operations and may justify accelerating a potential third phase of expansion.

The most recent analyst rating on (TSE:IVN) stock is a Hold with a C$17.00 price target. To see the full list of analyst forecasts on Ivanhoe Mines stock, see the TSE:IVN Stock Forecast page.

Spark’s Take on TSE:IVN Stock

According to Spark, TipRanks’ AI Analyst, TSE:IVN is a Neutral.

The score is held back primarily by weak cash-flow generation and mixed operating profitability despite strong revenue growth and a manageable balance sheet. Technicals are supportive with a clear uptrend, but near-term momentum looks stretched. Valuation is a notable risk due to the high P/E, while the latest earnings call was cautiously constructive on liquidity and project milestones despite ongoing operational and cost headwinds.

To see Spark’s full report on TSE:IVN stock, click here.

More about Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company listed on the TSX and OTCQX that focuses on developing large-scale, high-grade precious and base metal deposits. Its Platreef Mine project in South Africa targets a basket of platinum, palladium, rhodium and gold, along with significant copper and nickel by-products, positioning the company to benefit from rising demand for strategic and critical minerals.

YTD Price Performance: 1.86%

Average Trading Volume: 3,577,739

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$23.04B

See more insights into IVN stock on TipRanks’ Stock Analysis page.