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Ivanhoe Mines
(TSX:IVN)
Ivanhoe Mines (IVN) vs. iShares MSCI Canada ETF (EWC)
Ivanhoe Mines Business Overview & Revenue Model
Ivanhoe Mines Earnings Call Summary
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 |
| EBITDA | 208.11M | -90.44M | -85.48M | -102.02M | -86.55M |
| Net Income | 228.13M | 318.93M | 410.86M | 55.24M | -19.88M |
Balance Sheet | |||||
| Total Assets | 5.74B | 5.00B | 3.97B | 3.22B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 102.08M | 560.29M | 583.85M | 608.18M | 263.13M |
| Total Debt | 369.19M | 647.42M | 520.58M | 490.63M | 50.89M |
| 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
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $15.07B | 25.53 | 9.67% | ― | ― | 137.28% | |
63 Neutral | $10.54B | 10.43 | 1.37% | 3.00% | 2.29% | -33.47% | |
| ― | $19.31B | 80.44 | 1.32% | 0.05% | ― | ― | |
63 Neutral | C$25.64B | 72.68 | 1.40% | 0.95% | -22.39% | -77.05% | |
52 Neutral | C$2.62B | ― | -137.38% | ― | ― | -19.29% | |
46 Neutral | C$1.48B | ― | -2.81% | ― | ― | 8.92% | |
| ― | $2.87B | ― | -72.17% | ― | ― | ― |
Ivanhoe Mines Corporate Events
Ivanhoe Mines announced a record copper production of 50,176 tonnes in April at its Kamoa-Kakula Copper Complex, achieving an annualized production rate of approximately 625,000 tonnes. The company has also improved its milling performance and power stability, which is expected to drive further production growth. The completion of Africa’s largest direct-to-blister copper smelter is on track for July, which is anticipated to enhance operating margins and strengthen Ivanhoe Mines’ position in the industry.
Spark’s Take on TSE:IVN Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVN is a Neutral.
Ivanhoe Mines is positioned with strong growth potential, driven by record production and strategic expansion. However, operational inefficiencies, cash flow challenges, and a high P/E ratio mark significant risks. The stock’s bearish technical trend further tempers short-term optimism. Positive earnings call insights into operational achievements and future guidance provide some balance, but caution is advised due to financial and regional risks.
To see Spark’s full report on TSE:IVN stock, click here.
Ivanhoe Mines reported a strong financial performance in the first quarter of 2025, with a net profit of $122 million and record adjusted EBITDA of $226 million. The Kamoa-Kakula Copper Complex achieved near-record production levels and is set for further growth with the upcoming completion of Africa’s largest and greenest copper smelter. This development is expected to significantly reduce costs and enhance the company’s market positioning. Additionally, Ivanhoe Mines is expanding its exploration efforts into Zambia and anticipates a mineral resource update for the Western Forelands region, highlighting the potential for future growth.
Spark’s Take on TSE:IVN Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVN is a Neutral.
Ivanhoe Mines shows strong growth potential with recent revenue increases and strategic expansion plans. However, negative profit margins, cash flow issues, and high valuation metrics contribute to a cautious outlook. Technical indicators show a bearish trend, while the earnings call highlights operational achievements and future guidance, balanced by regional and operational risks.
To see Spark’s full report on TSE:IVN stock, click here.
Ivanhoe Mines has released its eighth annual Sustainability Report, highlighting significant achievements in 2024, including improved safety metrics, substantial economic contributions, and advancements in environmental initiatives. The report underscores Ivanhoe’s commitment to sustainable mining practices and its role in the global energy transition, showcasing its efforts in enhancing local economic development, transparency in carbon emissions, and strengthening human rights compliance. These accomplishments reinforce Ivanhoe’s position as a leader in sustainable mining, aligning business excellence with social and environmental purpose.
Spark’s Take on TSE:IVN Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVN is a Neutral.
Ivanhoe Mines exhibits strong growth potential with recent revenue increases and strategic expansion plans. However, financial challenges such as negative profit margins, cash flow issues, and high valuation metrics, combined with technical indicators showing a bearish trend, contribute to a cautious outlook. The company’s strong operational achievements and future guidance provide some optimism, but regional and operational risks remain.
To see Spark’s full report on TSE:IVN stock, click here.
Ivanhoe Mines announced a significant increase in hydroelectric power availability for its Kamoa-Kakula mining complex, which has led to record copper production levels and the imminent start-up of a new on-site copper smelter. This development marks a turning point for the company, enhancing its operational efficiency and reducing costs, positioning Ivanhoe Mines as a leader in the copper industry with a focus on sustainable and responsible production.
Spark’s Take on TSE:IVN Stock
According to Spark, TipRanks’ AI Analyst, (TSE:IVN) is a Neutral.
Ivanhoe Mines’ overall stock score reflects its financial challenges with negative profit margins and cash flow, despite strong recent revenue growth. Technical analysis indicates a downward trend, and the high P/E ratio suggests the stock is overvalued. Although the company has positive strategic growth prospects, operational and regional risks remain significant.
To see Spark’s full report on (TSE:IVN) stock, click here.
Ivanhoe Mines is set to release its first quarter 2025 production results for its Kamoa-Kakula Copper Complex and Kipushi Mine in the Democratic Republic of the Congo on April 7, 2025. Despite a strong start to the year for both projects, the company has noted a recent decline in its share price, attributing it to general market volatility rather than any specific material events.
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.
Ivanhoe Mines has filed a technical report for its Platreef project in South Africa, which is set to become one of the world’s largest and lowest-cost producers of platinum, palladium, rhodium, and gold. The project, which includes a three-phase expansion plan, is expected to commence Phase 1 production in the fourth quarter of this year, with Phase 2 accelerated to 2027. The feasibility and economic assessments indicate significant financial returns, positioning Ivanhoe Mines as a key player in the precious metals industry.
Ivanhoe Mines reported strong copper production at its Kamoa-Kakula Copper Complex, with near-record outputs in the first two months of 2025. The company achieved daily production rates close to previous records, positioning itself at the high end of its annual guidance. This performance underscores Ivanhoe Mines’ robust operational capabilities and strengthens its position in the mining industry, potentially benefiting stakeholders through increased production efficiency and output.
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.