Ivanhoe Mines Ltd T.IVN

28%

[crow27]

Ivanhoe Mines Ltd
Symbol	IVN
Shares Issued	1,208,726,003
Close 2021-11-17	C$ 10.07
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Globe says Canaccord's Baretto keeps Iamgold at "buy"

 

2021-11-17 08:28 ET - In the News

 

The Globe and Mail reports in its Wednesday, Nov. 17, edition that Canaccord Genuity analyst Dalton Baretto has reaffirmed his "buy" recommendation for Ivanhoe Mines. The Globe's David Leeder writes in the Eye On Equities column that Mr. Baretto boosted his share target by $2 to $13.50. Analysts on average target the shares at $12.05. Mr. Baretto says in a note: "A solid quarter, but given monthly progress updates from the company, we were not surprised. Maiden quarterly average cash costs at KK came in at $1.37 per pound; these are expected to decline going forward as the operation ramps up. Optimization remains ongoing, and Ivanhoe has increased production guidance for the year yet again, to 92.5-100kt Cu. Management notes that KK is now producing 700 tonnes of Cu daily with some frequency. This production rate is 28 per cent above design capacity for Phase 1. Off-site, the logistics chain appears to be delivering, albeit with some hiccups due to typical port congestion being seen everywhere in the world right now." The Globe reported on Oct. 20 that Mr. Baretto elevated his recommendation for Ivanhoe Mines to "buy" from "speculative buy." Iamgold shares could then be had for $10.10.

 

[1student]

Either Crow27 has been editing before posting this Canaccord note; or, it would appear as though they've been hitting the crack pipe over at the Globe and Mail. What's the CanOcrap about Iamgold doing in this research note?  Imbeciles.

[crow27]

This was copied from Stockwatch under recent bulletins. I have worked at a few mines and know how they push these mills and they can exceed the nameplate data. Like I said before if they only exceed by 10 to 15% then phase 1, 2 and 3 will be  pushing the 800,000? (700,000 x 15% = 805,000). What about phase 4 and 5?? Even if phase 1, 2 and 3 produce what they are saying (700,000). Then are

[guarantor1]

WOW !!!...28%. !!!! Thanks for the post - I get the paper edition of the Globe & Mail every morning, And am plunked in my Lazy-Boy, by 6 AM Watching TSN, reading the Globe, and mainlining high octane offee. Must admit that I missed the Baretto upgrade

[guarantor1]

fwiw, a confession.. I have been into Mining stocks, for nearly 50 years, And to have any Mining company exceed "Design Capacity" by nearly 30% in the first half year, is incredibly rare .. I have not seen that before ! Or anything close! No wonder Friedland was rambling on about Blue Wales and Pink Giraffes in the CC

[Buckaneer]

This post has been removed in accordance with Community Policy

[guarantor1]

LSD ? I wish

[alvarez2]

Never seen a pink giraffe before Bucc ?

[Buckaneer]

This post has been removed in accordance with Community Policy