Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

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.


TSX:IVN - Post by User

Bullboard Posts
Comment by ursusbrumaeon Feb 23, 2018 11:39pm
130 Views
Post# 27613517

RE:If this were Canada

RE:If this were CanadaInteresting that you have to go back 40 years to find a highly profitable mine in Canada.  There are a handful of others, including Eskay Creek, Snip and Arthur White for gold.  Ekati and Diavik in diamonds.  These are all 20+ years ago.  Probably none in uranium because the high grade flagship, Cigar Lake, was a disaster, and will be shut by the time it has recouped the billions of capital over a decade delay in development.  For base metals, do we have to go back to Kidd Creek, which started in 1966?  You could point to the potash complex, which has been operating a long time.  Or Teck Cominco's coking coal mines, which were bought from Fording, a spin-out from the Canadian Pacific Railway, that great stock of the 19th century.  The big discovery with the great promise in the last supercycle was Quebec-based Eleonore, of Virginia Mines.  Well, Goldcorp has put billions into the ground on this, and it is now expected to produce at 2/3 the designed capacity, or 400koz/ann, and at $1100/oz, which would be earning what, $70 million in after tax profit per annum?  But what else did this supercycle produce in the way of mines in Canada?  Don't say Detour Lake or Malartic.  These are marginal at best, and cost indecent sums to develop.  You could add Baffinland for iron ore, actually discovered in the sixties but just gone into production, but which was sold out for a song in a questionable deal to ArcelorMittal, and was subject of extensive shareholder litigation.  Management risk again?  The one great discovery of the decade is probably Arrow, which would be great when (if?) the uranium market comes back, and if Nexgen can ever get a permit for it.  How is rule of law working in Saskatchewan?  For or against mines?  Perhaps for, but after 20 years of baseline environmental studies once all your money is gone.  Sorry to say it, but Canada is a has-been of mining.
Bullboard Posts