IVANHOE MINES LTD A - IVPAF STOCK NEWS

Ivanhoe Mines reported a Q1 2024 loss of $69 million but recorded a normalized profit of $70 million with adjusted EBITDA of $126 million. Kamoa-Kakula sold 85,155 tonnes of payable copper, recognized revenue of $618 million, and produced 86,203 tonnes of copper in Q1 2024. The company's annual production guidance for Kamoa-Kakula is maintained at between 440,000 to 490,000 tonnes of copper. Pre-commissioning of Phase 3 concentrator is ahead of schedule. Kamoa-Kakula secured 15 MW of imported grid power and expects an additional 40 MW from Mozambique. Kipushi zinc concentrator pre-commissioning underway, aiming to produce over 270,000 tonnes. Ivanhoe Mines completed 17,000 meters of diamond drilling in the Western Forelands. Company's balance sheet shows $411 million in cash and cash equivalents. Ivanhoe Mines announced the redemption of all its outstanding 2.50% Convertible Senior Notes due 2026.

Ivanhoe Mines announced the redemption of its $575 million 2.50% Convertible Senior Notes due 2026, reducing its debt to below $150 million. The redemption date is set for July 11, 2024, at a price equal to the principal amount plus accrued interest. Holders can choose to convert their notes before the redemption date at a specified conversion rate.

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has published its 7th Annual Sustainability Report, emphasizing its commitment to responsible mining and providing critical metals for the energy transition. The report showcases the company's sustainability achievements, activities, and results in 2023, highlighting community initiatives and support for the United Nations Sustainable Development Goals.

Ivanhoe Mines (IVN, IVPAF) will release its Q1 2024 financial results on April 30, 2024, along with its 2023 Sustainability Report on April 17, 2024. The company will host an investor conference call to discuss the financial results and emphasize its ESG initiatives.

Ivanhoe Mines' Kamoa-Kakula Copper Complex in the DRC produced 86,203 tonnes of copper in Q1 2024, maintaining 2024 production guidance at 440,000 to 490,000 tonnes. The Phase 1 and 2 concentrators achieved a daily milling record and quarterly mining record. Grid infrastructure upgrades and backup generation capacity improvements are underway to enhance stability. Ivanhoe Mines will issue its Q1 2024 financial results on April 30.

Ivanhoe Mines reports a strong financial performance in 2023, with record profits, revenue, and EBITDA. The Kamoa-Kakula Copper Complex achieved significant milestones, including production and operational updates. The company's sustainability and safety initiatives also show positive results.

Ivanhoe Mines (IVPAF) to release Q4 and full year 2023 financial results on February 26, 2024, coinciding with the BMO Global Metals & Mining Conference. Investor conference call scheduled with Q&A session. Webcast and analyst participation details provided.

Ivanhoe Mines has signed a term sheet with Kamoa-Kakula to transport mineral products along the Lobito Atlantic Railway Corridor, with a Reserve Capacity Agreement allocating a minimum of 120,000 tonnes and a maximum of 240,000 tonnes per annum. The agreement is expected to lower logistical costs and reduce the carbon footprint of copper exports, with the Lobito Corridor transforming economic and social development in the DRC and its neighboring countries. The term sheet also extends the initial trial shipments, with up to a further 10,000 tonnes to be transported along the Lobito Corridor during 2024.

Ivanhoe Mines congratulates President Tshisekedi on re-election and inauguration, expressing commitment to developing the mining industry in the Democratic Republic of the Congo. Plans to expand the Kamoa-Kakula Copper Complex and return the Kipushi mine to production.