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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. > too funny.....all that " African risk" IVN is mining today.
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Post by cashtango00 on Jun 01, 2024 1:55pm

too funny.....all that " African risk" IVN is mining today.

VANCOUVER, BCJune 1, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") announced today that operations at the Company's Gibraltar Mine have been suspended.

Collective bargaining with Gibraltar's union representatives has been ongoing in recent weeks, and ended late yesterday without an agreement being reached. Gibraltar's unionized workforce informed the Company that they intended to take strike action as of midnight, May 31, 2024. The Company elected to systematically shut down mining and milling operations prior to the midnight deadline, and the mine is now on care and maintenance with only essential staff operating and maintaining critical systems.

The Company remains committed to the bargaining process and reaching a fair and equitable agreement.

Comment by crow27 on Jun 01, 2024 9:42pm
There is risk everywhere but like you said ........................... we are running full tilt in Africa and our 10 drill rigs are drilling full tilt also. That Gibraltar mine takes a few pounds of copper off the table and that can only be good for the price of copper.  We should start to see some drill results in the coming weeks. So much news coming down the pipe and sooner or later the SP ...more  
Comment by AlwaysLong683 on Jun 04, 2024 4:24am
Yes, companies with assets located in North America do face the risk of strikes, but I'd rather see a company face that short-term challenge vs. major political or climate change catasrophes. CNR, CP, TECK.B, L, MRU, EMP.A, etc. etc. all have unionized workers and all have faced or experienced union strike action over the years - nothing out of the ordinary.   BTW, does anyone realize ...more  
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