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Ivanhoe Mines (TSE:IVN)
TSX:IVN
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -16.71%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong revenue and production growth offset by reduced guidance and increased costs due to power issues. The company's expansion and exploration efforts show promise, but safety and operational challenges remain.Company Guidance
During the Ivanhoe Mines third quarter 2024 earnings call, the company provided several important metrics and guidance updates. The ramp-up of their Phase 3 concentrator was highlighted, which is expected to increase annual production capacity to 600,000 tonnes of copper, with projections of slightly less production in 2025 and reaching over 600,000 tonnes per annum by 2026 following the completion of Project 95. The company achieved record quarterly revenue of $828 million, despite a decrease in realized copper prices to $4.16 per pound and an increased copper inventory of 16,000 tonnes. Cash costs were reported at $1.69 per pound of payable copper. A reduced guidance was announced due to power supply issues earlier in the year, which resulted in a production loss of approximately 56,000 tonnes of copper. Ivanhoe also discussed the progress of their Kamoa-Kakula smelter, which is 94% complete, with commissioning expected in Q1 2025. Additionally, exploration at the Western Foreland is progressing with 11 rigs in operation. The company plans to provide further guidance and updates on production and exploration plans early next year.Record Quarterly Revenue
Kamoa-Kakula achieved record quarterly revenue of $828 million for Q3, despite a decrease in the realized copper price.
Phase 3 Concentrator Ramp-Up
The Phase 3 concentrator achieved nameplate capacity in early October, indicating strong potential for increased production.
Western Foreland Expansion
Ivanhoe Mines added 336 square kilometers to the Western Forelands and increased drilling rigs to 11, indicating significant exploration progress.
Kipushi Zinc Mine Progress
Kipushi mine achieved recoveries north of 90% with a concentrate grade well above 50% zinc, aiming to reach nameplate capacity by Q1 2025.
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TSE:IVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:IVN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$19.75 | C$18.99 | -3.85% |
| Jul 31, 2024 | C$17.56 | C$18.05 | +2.79% |
| Apr 30, 2024 | C$20.62 | C$18.66 | -9.51% |
| Feb 26, 2024 | C$14.65 | C$14.06 | -4.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ivanhoe Mines (TSE:IVN) report earnings?
Ivanhoe Mines (TSE:IVN) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ivanhoe Mines (TSE:IVN) earnings time?
Ivanhoe Mines (TSE:IVN) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IVN EPS forecast?
TSE:IVN EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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