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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Post by makingthreeon Nov 16, 2022 8:50pm
296 Views
Post# 35105382

One year ago on November 15, 2021

One year ago on November 15, 2021RF had this to say,

"“Turning an operating profit in just the first quarter of commercial production at Kamoa-Kakula highlights the ability of the mine to deliver as promised, and to self-fund its expansion to produce up to 800,000 tonnes of copper yearly, as demonstrated in previous independent studies. Kamoa-Kakula will rapidly repay its construction costs and pay dividends to its shareholders, including our most important partner, the Government of the Democratic Republic of Congo.

“However, the biggest dividend from Kamoa-Kakula that will benefit everyone on Planet Earth is invisible to the naked eye… it is the global warming gas that will never make it into the atmosphere as the copper mined at Kamoa-Kakula makes its way into tomorrow’s electric vehicles, energy storage systems and batteries, and renewable power generation. That vision of a greener and more sustainable world is one we share with all our stakeholders.

“The bright lights of Kamoa-Kakula have blinded the investment world to our Platreef Project, which is among this planet's largest precious and electric metals deposits with enormous quantities of palladium, rhodium, platinum, nickel and copper; and more ounces of gold than many leading gold mines. For a long time, the development of Platreef has been a destiny waiting to be fulfilled. However, Platreef’s time to shine now is upon us.

“The initial scope of the phased development plan is to fast-track Platreef into production in 2024, starting with an initial 700,000-tonne-per-annum underground mine. The plan is designed to establish an operating platform to support potential future expansions up to 12 million tonnes of ore per year. This would position Platreef among the largest nickel and platinum-group-metals producing mines in the world, producing in excess of 24,000 tonnes of nickel and 1.1 million ounces of palladium, rhodium, platinum, and gold per year, and help feed the demand for these critical minerals that the world needs as it transitions to a low carbon economy.”

I'm holding out for the dividends ...what do you see them paying out in  5 years? 



 



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