Kamoa-Kakula Copper Complex sold 96,509 tonnes of payable copper in Q3 2023, recognized quarterly revenue of $695 million and EBITDA of $423 million

Ivanhoe Mines adjusted EBITDA of $152 million for Q3 2023, compared with $85 million for Q3 2022

Ivanhoe Mines recorded a quarterly profit of $108 million, driven by income from the Kamoa-Kakula joint venture of
$121 million

Kamoa-Kakula’s quarterly cost of sales total $1.34 per lb. of payable copper; C1 cash costs of $1.46 per lb.

Kamoa-Kakula year-to-date production of 301,336 tonnes and C1 cash cost of $1.43 per lb., in line with guidance

Phase 3 concentrator project is 62% complete and ahead of schedule for production in Q3 2024

Quarterly production record achieved despite intermittent grid instability; phased roll-out of backup power and grid improvements advanced

Kipushi concentrator ahead of schedule for first production in Q2 2024, with the overall project approximately 62% complete

Maiden resource on Makoko and Kiala discoveries, and Western Foreland exploration updates, expected shortly

see & read more on
https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-issues-third-quarter-2023-financial-results-and-review-of-construction-and-exploration-activities/