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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 crow27on May 29, 2024 8:59am
255 Views
Post# 36061953

More Confirmation

More Confirmation

 

Globe says Lundin, Ivanhoe have been rallying of late

 

2024-05-27 08:35 ET - In the News

See In the News (C-LUN) Lundin Mining Corp

The Globe and Mail reports in its Saturday, May 25, edition that copper prices are soaring, fueling the rally in the shares of smaller producers such as Ivanhoe Mines and Lundin Mining, which are up 47 per cent this year. The Globe's David Berman writes that Citigroup analyst Maximilian Layton says, "The year-to-date rally marks the beginning of copper's second secular bull market this century, with copper miners set to print massive margins for the next two to three years at least." Copper's new glow comes after better-than-expected global economic activity, as fears of recession fade and China supports its own growth with fiscal stimulus measures. However, Mr. Berman says there is more going on here. Copper supply is notoriously slow to respond to rising demand, given the enormous regulatory hurdles and high costs associated with developing new mines. That means copper producers could struggle to feed an increasingly copper-hungry economy. National Bank analyst Shane Nagle says, "I think the long-term picture is well-understood to be fairly constructive, so I don't think that we've necessarily seen the highs" for copper. Mr. Berman says Lundin shares are up 20 per cent since he sold his shares in March.

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