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Ivanhoe Mines Ltd. (T:IVN)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 606-999 Canada Place
VANCOUVER BC V6C 3E1
Tel: 1-604-6886630
Website: https://www.ivanhoemines.com
IR: See website
Key People
Yufeng Sun
Non-Executive Co-Chairman of the Board
Robert Martin Friedland
Executive Co-Chairman of the Board, Founder
Martie Cloete
President
David Van Heerden
Chief Financial Officer
Steve Amos
Executive Vice President - Projects
Pierre Joubert
Executive Vice President - Technical Services
Patricia Makhesha
Executive Vice President - Sustainability and Special Projects
Peter Zhou
Executive Vice President, China
 
Business Overview
Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.
Financial Overview
For the fiscal year ended 31 December 2023, Ivanhoe Mines Ltd revenues was not reported. Net income decreased 22% to $318.9M. Net income was partially offset by EFVI decrease from $22.9M (income) to $85.3M (expense), Drilling increase from $4.1M to $10.4M (expense), Reversal of VAT write-off decrease from $4.6M (income) to $0K. Basic Earnings per Share excluding Extraordinary Items decreased from $0.34 to $0.26.
Employees: 854 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $23,459M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$102.68M as of Dec 31, 2023
Net annual income (TTM): $436.93M as of Dec 31, 2023
Free cash flow (TTM): -$697.97M as of Dec 31, 2023
Net Debt Last Fiscal Year: $100.18M as of Dec 31, 2023
Shares outstanding: 1,269,653,334 as of Apr 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization