Ivanhoe Mines Ltd.

United States announces support for development of Lobito Atlantic Railway Corridor at the 2023 G7 SummitU.S. International Development Finance Corporation evaluating $250 million in financing for 'key economic' rail corridor connecting the Angolan port of Lobito to the DRC CopperbeltRail corridor passes through Western Foreland licences and within five kilometres of Kamoa-Kakula Copper ComplexDistance from Kamoa-Kakula to Angolan Lobito Ocean Port is approximately halved compared with Durban, South Africa, providing for significant potential logistics cost improvementLobito Corridor and other...

Kamoa-Kakula sold 86,777 tonnes of payable copper during the quarter and recognized record revenue of $689 million, as well as record EBITDA of $452 millionIvanhoe Mines recorded Q1 2023 profit of $82 million, net of $31 million non-cash loss on the convertible bond fair valuationKamoa-Kakula produced 93,603 tonnes of copper in Q1 2023, including a record 34,915 tonnes of copper in March, following debottlenecking program completed ahead of scheduleKamoa-Kakula's quarterly cost of sales total $1.25 per lb. of payable copper; C1 cash costs of $1.42 per lb. towards the lower end of guidanceKamoa...

Off-take term sheet for 100% of Kipushi's zinc concentrate, together with US$250 million facility supported by GlencoreKipushi construction advancing ahead of schedule; first concentrate production expected in Q3 2024Underground development of the Big Zinc orebody also ahead of schedule; mining to commence in January 2024Plans for dedicated Kipushi commercial border-crossing advancing to unlock value for the DRC, Kipushi and Kamoa-KakulaKipushi to be powered by clean hydroelectricity, aligning with Ivanhoe's vision to produce 'green metals'Kipushi, Democratic Republic of Congo--(Newsfile...