Edition:
United States

Ivanhoe Mines Ltd (IVN.TO)

IVN.TO on Toronto Stock Exchange

4.58CAD
4:00pm EDT
Change (% chg)

$-0.11 (-2.35%)
Prev Close
$4.69
Open
$4.58
Day's High
$4.62
Day's Low
$4.50
Volume
2,149,799
Avg. Vol
3,630,880
52-wk High
$5.11
52-wk Low
$0.78

Latest Key Developments (Source: Significant Developments)

Ivanhoe Mines receives 3rd of 5th $41.2 mln installment payment from Zijin Mining
Tuesday, 25 Oct 2016 12:34pm EDT 

Ivanhoe Mines Ltd : Ivanhoe mines receives third of five scheduled $41.2 million installment payments from Zijin mining group as part of zijin's $412 million investment in the Kamoa-Kakula copper project in DRC .Remaining $82.4 million is required to be paid in two further equal installments, next installment due on february 8, 2017.  Full Article

Ivanhoe board of directors has authorized company to seek strategic advice
Monday, 29 Aug 2016 07:30am EDT 

Ivanhoe Mines Ltd : Board of Directors has authorized company to seek strategic advice at project and corporate levels .Authorized strategic advice "to help address unsolicited interest that company and its projects have received in recent months".  Full Article

Ivanhoe Mines qtrly earnings per share $0.01
Thursday, 12 May 2016 05:30pm EDT 

Ivanhoe Mines Ltd : Ivanhoe Mines Ltd qtrly earnings per share $0.01 . Expects to spend $32 million on further development at platreef project; $24 million at kipushi project for remainder of 2016 .Ivanhoe mines announces financial results and review of operations for the first quarter of 2016.  Full Article

Ivanhoe Mines Ltd and China's Zijin Mining Group Sign Agreement to Co-Develop the World-Scale Kamoa Copper Discovery in Democratic Republic of Congo
Tuesday, 26 May 2015 05:54am EDT 

Ivanhoe Mines Ltd:Says Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to a strategic co-development of the Kamoa copper discovery in the Democratic Republic of Congo.Says Xiamen, Zijin - through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited will buy a 49.5% share interest in Kamoa Holding Limited, an Ivanhoe subsidiary that presently owns 95% of the Kamoa Project, for an aggregate consideration of US$412 mln.Says Purchase price will be satisfied by an initial payment of US$206 million in cash upon the closing of the transaction, which is expected on or about July 31.Says Remaining US$206 million will be paid in five equal installments, payable every 3.5 months from closing and continuing through the remainder of 2015 and into 2016.Says Has agreed to sell 1% of its share interest in Kamoa Holding to Crystal River Global Limited (Crystal River) for US$8.32 million.Says Zijin will have the right to acquire Crystal River's 1% share interest (the 1% Option) in Kamoa Holding.  Full Article

Regal Resources Ltd signs MOA with Ivanhoe Mines Ltd to explore highly prospective permits in DRC Copperbelt
Thursday, 23 Apr 2015 08:48pm EDT 

Regal Resources Ltd:Signs of binding conditional joint venture memorandum of agreement (JVMOA or agreement) with 100 pct. owned subsidiaries of Ivanhoe Mines Ltd with ability to acquire a 98 pct. interest in package of prospective tenements located near western end of Central African Copperbelt.Regal will be required to pay an initial signing fee of $100,000.Regal will be required to pay a non-refundable subsequent signing fee of $150,000, no later than first anniversary of the signing of this agreement.Regal can earn 80 pct. by expending $3,000,000 expenditure by no later than three years after effective date (first earn-in).And; Regal can earn 90 pct. by expending $3,000,000 expenditure by no later than two years after first earn-in (second earn-in).  Full Article

Zijin Mining Group Completes Private Placement and Now Holds a 9.9 pct Stake in Ivanhoe Mines Ltd
Monday, 20 Apr 2015 08:27am EDT 

Ivanhoe Mines Ltd:Says private placement previously announced on March 23, has closed and about 9.9 pct of Ivanhoe Mines' issued and outstanding common shares now are owned by a wholly-owned subsidiary of Zijin.Under the terms of the private placement, Ivanhoe Mines has issued 76,817,020 common shares to a Zijin subsidiary at a price of C$1.36 per share, yielding gross proceeds of about C$105 million.Ivanhoe Mines will use the proceeds for working capital and general corporate purposes, including the advancement of the company's projects in southern Africa.  Full Article

More From Around the Web