Ivanhoe Mines GAAP EPS of $0.04 misses by $0.04, revenue of $263.84M beats by $16.34M
- Ivanhoe Mines press release (IVPAF): Q3 GAAP EPS of $0.04 misses by $0.04.
- Revenue of $263.84M (+103.9% Y/Y) beats by $16.34M.
- Short-term 2027 Kamoa-Kakula copper production guidance revised to 300,000 to 350,000 tonnes of copper at a cash cost (C1) of $2.50/lb. to $3.00/lb.
- All full capacity, the existing Phase 1, 2 and 3 concentrators target 400,000 to 450,000 tonnes of copper production.
- Kamoa-Kakula to increase steady-state copper production to ~500,000 tonnes per annum with Phase 4 milling expansion; utilizing pre-built foundations and Phase 3 mill design.
- Adjusted EBITDA of $241M, including $190M of attributable EBITDA from Kamoa-Kakula and $108M EBITDA from Kipushi
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