Kamoa-Kakula Copper Complex sold 101,526 tonnes of
payable copper in Q2 2023 and recognized record quarterly
revenue of $702 million and EBITDA of $457 million
?
Ivanhoe Mines recorded Adjusted EBITDA of $172 million for
Q2 2023, compared with $101 million for the same
period in 2022
?
Ivanhoe Mines recorded a quarterly profit of $87 million, driven
by income from the Kamoa-Kakula joint venture of
$123 million
?
Kamoa-Kakula’s quarterly cost of sales total $1.24 per lb. of
payable copper; C1 cash costs of $1.41 per lb. at the lower end
of guidance
?
Ivanhoe Mines announces significant preliminary testwork for
improving copper recoveries at Kamoa-Kakula
?
Platreef progressing well towards Q3 2024 start-up; over 2,000
metres underground development completed
?
Ivanhoe Mines welcomes the inclusion of copper on the 2023
U.S. Department of Energy Critical Minerals List
JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF)
President Marna Cloete and Chief Financial Officer David van Heerden are
pleased to present the company’s financial results for the three and six months
ended June 30, 2023. Ivanhoe Mines is a leading Canadian mining company
developing and operating its four principal mining and exploration projects in
Southern Africa: expanding the operations of the world-class Kamoa-Kakula
Copper Complex in the Democratic Republic of Congo (DRC); building the tier-
2
one Platreef palladium, rhodium, nickel, platinum, copper and gold development
in South Africa; restarting the historic, ultra-high-grade Kipushi zinc-copper-leadgermanium mine in the DRC; as well as exploring the expansive exploration
licences of Ivanhoe’s Western Foreland for copper discoveries adjacent to
Kamoa-Kakula. All figures are in U.S. dollars unless otherwise stated.
Watch an August 2023 video highlighting Ivanhoe Mines’ construction
and exploration activities: https://vimeo.com/850838953/163436ff95

see & read more on
https://ivanhoemines.com/site/assets/files/5876/20230803_ivanhoe_mines_q2_2023_financials_release_vf.pdf