Ivanhoe Mines ( (TSE:IVN) ) has shared an announcement.
Ivanhoe Mines has been granted a substantial 7,757-square-kilometre exploration licence package in Zambia’s North-Western Province, aiming to extend the Central African Copperbelt. This strategic move, supported by the Zambian government, aligns with Ivanhoe’s expansion plans and could significantly enhance its copper exploration footprint. The initiative promises economic growth and job creation in Zambia, aligning with the government’s vision for increased copper production. Ivanhoe’s geological expertise and previous successes in the region bolster the potential for new high-grade copper discoveries, reinforcing its industry position.
More about Ivanhoe Mines
Ivanhoe Mines is a mining company operating in the copper industry. The company focuses on exploration and development of copper resources, particularly in the Central African Copperbelt, with significant projects in the Democratic Republic of the Congo, Zambia, and Angola.
YTD Price Performance: -23.01%
Average Trading Volume: 286,118
Technical Sentiment Signal: Hold
Current Market Cap: $11.56B
See more data about IVN stock on TipRanks’ Stock Analysis page.