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Bullboard - Stock Discussion Forum 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... see more

TSX:IVN - Post Discussion

Ivanhoe Mines Ltd. > ALL great news with IVN
View:
Post by tiger6301 on Dec 02, 2020 7:45am

ALL great news with IVN

We may need patience with our SP responses, hold long!

tiger

Kamoa-Kakula Copper Project Mines a Record 250,000 Tonnes of Development Ore Grading 4.85% Copper in November, Accelerating Both Grade and Tonnage of Copper Ore Added to the Project's Surface Stockpiles

Newsfile Corp - 25 minutes ago
 

Pre-production ore stockpiles now hold 1.25 million tonnes grading 3.75% copper, containing more than 46,700 tonnes of copper

Underground development totalling 2,163 metres completed in November; more than 26.8 kilometres now complete - 9.0 kilometres ahead of plan

Access to Kakula's +8% copper ore in the centre of deposit established with the connection of northern and southern main access tunnels in early November

In November, Kakula's central connection development produced 93,000 tonnes grading 4.95% copper from the southern decline, including 41,000 tonnes of high-grade ore grading 7.82% copper, and 124,000 tonnes grading 5.03% copper from the northern decline

Overall progress of Kamoa-Kakula's first phase, 3.8 Mtpa mining and milling operation now approximately 63% complete, with first copper concentrate production scheduled for July 2021

https://www.theglobeandmail.com/investing/markets/stocks/IVN-T/pressreleases/729624/
Comment by alvarez2 on Dec 02, 2020 8:49am
https://www.mining.com/mining-supercycle-talk-back-as-copper-iron-ore-prices-surge-to-7-year-highs/
Comment by alvarez2 on Dec 02, 2020 9:04am
Metalbulletin quotes the same report, with Goldman saying the current price strength in copper “is not an irrational aberration,” adding that market deficits through 2023 make it “highly probable” that the bellwether metal will test the record high in the second half of 2022.
Comment by cashtango00 on Dec 02, 2020 9:15am
As per the theory that copper will hit an all time high in 2022-23, that is why they decided to bump up phase 2 by 6 months and pay for it in debt instead of cashflow from phase 1.
Comment by alvarez2 on Dec 02, 2020 9:38am
It would appear the timing of development couldn't have been better.
Comment by Hideaway on Dec 02, 2020 8:54am
We are just 7 months from anticipated production. Don't feel like we need a lot of patience to see the SP move up. Surley January will start a sustainable and substantial northward trend.
Comment by alvarez2 on Dec 02, 2020 9:07am
Trading this at this stage of the game seems nonsencical to me........ but each to there own.
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