Ivanhoe Mines Reports Soaring Profits and Production

Ivanhoe Mines (TSE:IVN) has released an update.

Ivanhoe Mines has declared a significant increase in profits with a record $67 million quarterly profit and $115 million normalized profit, largely due to the Kamoa-Kakula joint venture. The company also reported a record $203 million Adjusted EBITDA in the second quarter of 2024, alongside a surge in production capacity with the early completion of Kamoa-Kakula’s Phase 3 concentrator expansion.

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