Ivanhoe Mines Ltd. Class A

Ivanhoe Mines Ltd. Class A

9.17
CAD
-0.36
(-3.83%)
0.12EPS
74.20P/E
15.85BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.03
0.32
0.39
Basic EPS, GAAP
-0.68
-0.29
0.93
-0.04
0.22
0.03
0.02
-0.02
0.05
0.34
0.26
0.17
0.19
0.11
Free Cash Flow per Basic Share
-0.39
-0.31
-0.18
-0.1
-0.13
-0.17
-0.12
-0.09
-0.05
0.02
-0.42
-0.49
-0.34
-0.3
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.54
0.46
1.4
1.39
1.62
1.88
2.05
2.02
2.06
2.41
2.92
3.69
4.14
4.19
Tangible Book Value per Share
0.54
0.46
1.4
1.39
1.62
1.88
2.05
2.02
2.06
2.41
2.92
3.68
4.12
4.17
Basic Weighted Avg Shares
542
649
756
779
786
854
1,084
1,201
1,208
1,212
1,221
1,313
1,371
1,407
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
41
442
553
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-325.91
-21.16
-6.69
Depreciation Expense
4
6
5
4
4
4
1
8
10
6
2
20
76
76
Net Income, GAAP
-370
-185
700
-32
170
26
19
-20
55
411
319
228
262
148
Effective Tax Rate (%)
- -
- -
- -
- -
0.18
- -
3.19
- -
- -
- -
- -
- -
8.85
26.07
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
558.91
59.23
26.84
Working Capital
202
155
423
363
179
560
684
308
655
-88
-348
60
626
511
LT Debt
20
21
26
27
32
34
47
51
487
55
67
271
923
1,066
Total Equity
227
202
979
956
1,211
1,819
2,363
2,336
2,377
2,841
3,581
4,836
5,725
5,800
Return on Invested Capital (%)
- -
- -
- -
- -
19.83
- -
-2.87
- -
- -
- -
- -
- -
1.69
0.12
Return on Capital (%)
- -
- -
- -
- -
9.7
- -
1.28
- -
- -
- -
- -
- -
4.82
2.24
Return on Common Equity (%)
-83.75
-57.95
98.6
-2.94
14.38
1.64
0.88
-0.81
2.24
15.14
9.62
5.25
4.8
2.67

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
343
271
232
LT Borrowings
914
955
1,054
LT Finance Leases
10
10
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,425
1,426
1,426
Market Capitalization
16,208
12,194
11,166

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,135
1,040
952
Cash, Cash Equivalents & STI
865
734
614
Accounts Receivable, Net
- -
136
98
Inventories
66
74
117
Total Current Liabilities
509
447
441
Payables & Accruals
148
161
184
ST Debt
343
271
232
Deferred Revenue
13
13
13

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.4%
20.15%
18.39%
Free Cash Flow
-305.14%
-610.93%
-27.15%
Net Income, GAAP
-81.87%
45.93%
14.65%
Sales/Revenue/Turnover
- -
- -
981.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
41
41
2025
77
97
- -
138
442
2026
166
153
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
0.06
0.09
0.07
0.17
2025
0.1
0.03
- -
0.04
0.19
2026
- -
0.03
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Martie Cloete
Full Time Employees
6,800
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
999 Canada Place North Vancouver BC Canada V6C 3E1
IPO Date
Oct 16, 2012
Business
Ivanhoe Mines Ltd. (IVN.TO) is a Canadian mining company focused on the discovery, development, production, and exploration of minerals including copper, zinc, nickel, platinum group metals (primarily platinum, palladium, and rhodium), gold, germanium, silver, and lead, primarily through its tier-one projects in Southern Africa. The company advances the Kamoa-Kakula Copper Complex, the world's highest-grade major copper mine located in the Democratic Republic of the Congo (DRC) featuring high-grade stratiform copper deposits; the Kipushi zinc-copper-germanium-silver-lead mine, also in the DRC and recognized as the world's highest-grade major zinc mine with construction commencing in September 2022; the Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa's Bushveld Igneous Complex, a joint venture expected to become one of the world's largest and lowest-cost producers of platinum group metals and nickel; and the Western Foreland exploration project comprising a group of exploration licenses in the DRC. These assets provide exposure to critical green metals essential for the energy transition, including copper for electrification, nickel for EV batteries, platinum group metals for hydrogen fuel cells and pollution control, and zinc for corrosion protection and renewable energy applications, targeting markets in power infrastructure, automotive, and clean technology sectors across global regions. Founded in 1993 and headquartered at 999 Canada Place, Suite 606, Vancouver, British Columbia, Canada, Ivanhoe Mines operates principally in the DRC, South Africa, and surrounding Southern African regions with additional corporate oversight from Vancouver. The company maintains no disclosed parent entities but holds joint ventures such as Platreef and partnerships with entities like the DRC's state power utility SNEL for infrastructure projects. Recent developments include the official inauguration of the Platreef mine in November 2025, attended by South African President Cyril Ramaphosa, marking a major milestone in platinum group metals production; a memorandum of understanding with the Qatar Investment Authority formalized in November 2025 to pursue joint critical mineral initiatives, following a $500 million private placement from Qatar in September 2025 to fund project accelerations; the commencement of the Kamoa-Kakula Copper Smelter on December 1, 2025, enabling higher copper sales volumes in 2026; and ongoing refurbishment of Turbine #5 at the Inga II hydroelectric facility with SNEL in November 2025 to support sustainable power for DRC operations. Additionally, the company reported Q3 2025 profit of $31 million and adjusted EBITDA of $87 million, including $76 million attributable from Kamoa-Kakula, while advancing an updated life-of-mine plan for Kamoa-Kakula targeting up to 17 million tonnes per year mining rates ahead of Phase 4 expansion, with completion slated for Q1 2026. These initiatives reflect strategic expansions, international alliances, and operational enhancements amid strong financial performance and focus on scaling green metals output.

Company News

  • Ivanhoe Mines Reports 76,401 Tonnes of Copper Produced by Kamoa-Kakula for Q3 2026

  • Analyzing Southern Copper (NYSE:SCCO) and Ivanhoe Mines (OTCMKTS:IVPAF)

  • Ivanhoe Mines Touts Copper Growth, Platreef Upside and AI-Era Critical Minerals

  • Ivanhoe Mines Ltd. (IVN:CA) Discusses Western Forelands Mineral Resource Update and Copper Discoveries Transcript

  • Ivanhoe Mines Increases the Size of Massive Western Forelands' Copper Discovery by 30%

  • Ivanhoe Mines to Issue Western Forelands Exploration Project Update and Host Investor Webinar on September 8, 2026

  • Ivanhoe Mines: Diversifying And Growing

  • Ivanhoe Mines Ltd. (IVPAF) Lags Q2 Earnings and Revenue Estimates

  • Ivanhoe Mines Issues 2026 Second-Quarter Financial Results, Overview of Operations and Exploration Activities

  • Ivanhoe Mines to Issue Q2 2026 Financial Results After Market Close on July 29 and Host a Conference Call for Investors on July 30, 2026

  • Nexa Resources (NYSE:NEXA) versus Ivanhoe Mines (OTCMKTS:IVPAF) Head to Head Analysis

  • Greenland's Palladium Answer Just Got 31% Bigger, and Washington Is Watching

  • Ivanhoe Mines Reports 64,328 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2026

  • Ivanhoe Mines: A Recovery Year That Could Become A Platform Year

  • Ivanhoe Mines Announces Results of Voting for The Election of Directors

  • Ivanhoe Mines Reports Kipushi Mine Produced a Record 25,677 Tonnes of Zinc in May, Equivalent to 308,000 Tonnes of Zinc Annualized

  • Copper prices are now at their highest level on record. AI is only part of the story.

  • Ivanhoe Mines Ltd. (IVN:CA) Q1 2026 Earnings Call Transcript

  • Ivanhoe Mines Ltd. (IVPAF) Q1 Earnings Surpass Estimates

  • Ivanhoe Mines Issues 2026 First-Quarter Financial Results, Overview of Operations and Exploration Activities