Ivanhoe Mines Q1 Results and Project Advances

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

Ivanhoe Mines reported a Q1 2024 loss of $69 million, primarily due to a non-cash loss on convertible bonds, overshadowing a normalized profit of $70 million. The Kamoa-Kakula project sold 85,155 tonnes of copper, generating $618 million in revenue and maintaining its annual production guidance. Additionally, significant advancements include the ahead-of-schedule pre-commissioning of both the Kamoa-Kakula Phase 3 concentrator and the Kipushi zinc concentrator.

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