Top Page
Ivanhoe Mines (IVN) vs. S&P 500 (SPY)
Ivanhoe Mines Business Overview & Revenue Model
Ivanhoe Mines Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 40.82M | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -10.74M | 0.00 | -33.91M | -52.17M | -44.72M | EBIT |
| 148.51M | 179.07M | 316.25M | 97.17M | -121.78M | EBITDA |
| 208.11M | -90.44M | -85.48M | -102.02M | -86.55M | Net Income Common Stockholders |
| 228.13M | 318.93M | 410.86M | 55.24M | -38.59M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 102.08M | 560.29M | 583.85M | 608.18M | 263.13M | Total Assets |
| 5.74B | 5.00B | 3.97B | 3.22B | 2.42B | Total Debt |
| 369.19M | 647.42M | 520.58M | 490.63M | 50.89M | Net Debt |
| 267.11M | 87.13M | -63.27M | -117.54M | -211.94M | Total Liabilities |
| 901.91M | 1.42B | 1.13B | 841.21M | 80.61M | Stockholders Equity |
| 4.99B | 3.70B | 2.93B | 2.49B | 2.44B |
| Cash Flow | Free Cash Flow | |||
| -644.14M | -509.46M | 18.43M | -59.69M | -102.46M | Operating Cash Flow |
| -152.43M | -31.57M | 177.09M | -7.09M | -60.47M | Investing Cash Flow |
| -495.40M | -477.00M | -173.63M | -208.58M | -380.31M | Financing Cash Flow |
| 206.95M | 500.27M | -9.69M | 561.97M | 1.13M |
Ivanhoe Mines Technical Analysis
Ivanhoe Mines Peers Comparison
Ivanhoe Mines Earnings Call Summary
Ivanhoe Mines Corporate Events
Ivanhoe Mines announced a significant change in its board of directors, with Mr. Jinghe Chen stepping down and being replaced by Dr. James Wang, Vice President of Overseas Operations for Zijin Mining. This transition marks a continuation of the strategic partnership between Ivanhoe Mines and Zijin Mining, which has been instrumental in the development of the Kamoa-Kakula Copper Complex. The change is expected to maintain the momentum of growth and innovation at Ivanhoe Mines, further solidifying its position in the global mining industry.
Ivanhoe Mines has announced it is not aware of any specific events causing the recent decline in its share price, attributing it instead to general market volatility. The company’s operations in the DRC, including the Kamoa-Kakula Copper Complex and Kipushi Zinc Mine, remain unaffected by regional conflicts. Ivanhoe Mines continues to monitor the situation and supports international efforts for a peaceful resolution.
Ivanhoe Mines has announced significant advancements in its exploration activities at the Western Forelands project in the DRC, revealing a substantial extension of the Makoko discovery to over 13 kilometers. With a substantial exploration budget of $75 million set for 2025, Ivanhoe aims to further expand its operations and sustain its competitive edge in the mining industry. The discovery of the Makoko West extension, featuring shallow and high-grade copper mineralization, represents a strategic enhancement to Ivanhoe’s resource base, potentially impacting its operational capabilities and market positioning.
Ivanhoe Mines announced key executive appointments to enhance leadership at both Ivanhoe Mines and its Kamoa-Kakula Copper Complex in the DRC. Marna Cloete, previously President, has been promoted to President & CEO of Ivanhoe Mines, recognizing her pivotal role in its growth. Annebel Oosthuizen takes over as Managing Director of Kamoa Copper, bringing a decade of experience within the joint venture, while Tom van den Berg joins as Senior Executive, Operations. These appointments are expected to strengthen the company’s operational capabilities and reinforce its industry positioning.
Ivanhoe Mines reported record financial and operational results for 2024, with a net profit of $193 million and a normalized profit of $386 million. The Kamoa-Kakula complex achieved record copper production and revenues, maintaining competitive cost structures. Additionally, the company’s largest copper smelter is set to enhance margins in the second half of 2025. The Kipushi mine reached commercial production, and the Platreef project is advancing with expansion studies, indicating strong growth prospects and operational efficiency.
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.
Ivanhoe Mines has announced a Joint Venture with Pallas Resources to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The venture involves a significant licence package of up to 16,000 km², and Ivanhoe plans to invest $18.7 million in exploration over two years, with the potential to increase ownership to 80%. This strategic move underscores Ivanhoe’s commitment to expanding its copper exploration activities and enhancing its industry positioning by tapping into Kazakhstan’s rich mining potential.
Ivanhoe Mines Ltd. has announced the pricing of a US$750 million offering of senior notes due in 2030. The proceeds from this offering will be used for general corporate purposes, including the expansion of the company’s projects, which could potentially enhance its operational capacity and market positioning.
Ivanhoe Mines has announced the launch of a US$600 million offering of senior notes due in 2030. The proceeds from this offering will be used for general corporate purposes, including expanding the company’s projects. This strategic financial move is expected to support the company’s growth and enhance its competitive position in the mining industry.
Ivanhoe Mines reported record production figures for 2024, with its Kamoa-Kakula project achieving a new high of 437,061 tonnes of copper in concentrate. The company has set its 2025 production guidance for Kamoa-Kakula at between 520,000 and 580,000 tonnes of copper. Meanwhile, its Kipushi project produced 50,307 tonnes of zinc, and 2025 guidance is set between 180,000 and 240,000 tonnes of zinc. However, the commissioning of their smelter may face a delay due to limited fire damage, although repairs are being expedited. Ivanhoe Mines will release its 2024 financial results on February 19, followed by a conference call with investors on February 20.