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Ivanhoe Mines ( (TSE:IVN) ) has provided an announcement.
Ivanhoe Mines has announced the completion of independent Phase 2 and Phase 3 expansion studies for the Platreef Mine, aiming to become a world-class, low-cost producer of precious metals and critical minerals. The studies project significant after-tax net present values and internal rates of return, with Phase 1 production commencing in Q4 of this year and Phase 2 expansion accelerated to 2027. This development is expected to enhance Ivanhoe Mines’ market positioning by significantly scaling up production capacity and solidifying its reputation as a major player in the precious metals market.
More about Ivanhoe Mines
Ivanhoe Mines is a prominent company in the mining industry, focusing on the extraction and production of precious metals and critical minerals. Its operations are primarily centered around the Platreef Mine, renowned for being one of the largest undeveloped deposits of platinum, palladium, rhodium, gold, nickel, and copper.
YTD Price Performance: -1.34%
Average Trading Volume: 234,080
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.86B
For an in-depth examination of IVN stock, go to TipRanks’ Stock Analysis page.
