Ivanhoe Mines Ltd (OTCPK:IVPAF)

Q4 2024 Ivanhoe Mines Ltd Earnings Call Transcript

Feb 20, 2025 / 03:30 PM GMT

Release Date Price: $11.9 (+7.50%)

Transcript

Key Points

Positve

Ivanhoe Mines Ltd (IVPAF) achieved a record annual revenue of $3.1 billion in 2024, up from $2.7 billion in 2023.
The company completed the construction of the largest smelter in Africa, which is expected to significantly reduce transport costs and increase margins.
Ivanhoe Mines Ltd (IVPAF) set a production guidance of 550,000 to 580,000 tons of copper for 2025, with a target of over 600,000 tons from 2026 onwards.
The company achieved a record annual EBITDA of $1.8 billion with a healthy margin of 58%.
Kapushi mine reached commercial production in Q4 2024, with a zinc production guidance of 180,000 to 240,000 tons for 2025.

Negative

The company's Q4 revenue was negatively impacted by a $52 million remeasurement of contract receivables.
There was a mark-to-market write-down of 80,000 tons of provisionally priced copper, affecting Q4 revenue.
Power instability led to a loss of approximately 40,000 tons of copper production in 2024.
The smelter's commissioning has been delayed due to the need for a stable power source.
The conflict in the east of the DRC poses a potential risk, although it is currently far from Ivanhoe Mines Ltd (IVPAF)'s operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IVN.TO - Ivanhoe Mines Ltd
Q4 2024 Ivanhoe Mines Ltd Earnings Call
Feb 20, 2025 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the Ivanhoe Mines earnings call Q4 and annual financial results. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you need assistance, please press 0 for the operator. This call is being recorded on Thursday, February 20, 2025.

So now let's turn the conference over to Matthew Keeble, director of investor relations with Ivanhoe. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good

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