Ivanhoe Mines Ltd. (IVN.TO)
Ivanhoe Mines Ltd. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $11.83, down 0.08% on the session, giving a market capitalisation of $16.87B. Its beta of 1.82 implies it has historically moved more than the broad market.
Ivanhoe Mines Ltd., a company founded in 1993 and based in Vancouver, Canada, primarily focuses on the discovery, advancement, and extraction of diverse minerals and precious metals, predominantly within Africa. The firm targets deposits rich in substances such as platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead. Its significant operational sites include the Platreef project situated in South Africa's Bushveld Complex, the Kipushi project located in the Haut-Katanga Province of the Democratic Republic of Congo, and the Kamoa-Kakula project within the Central African Copperbelt. Furthermore, Ivanhoe Mines possesses full ownership of the Western Foreland exploration project, an area spanning approximately 2,407 square kilometers in the Democratic Republic of Congo. The company has also established a strategic alliance with China Nonferrous Metal Mining (Group) Co., Ltd. to jointly pursue opportunities in mineral project exploration, development, acquisition, production, smelting, and logistics throughout the African continent. The company adopted its current name, Ivanhoe Mines Ltd., in August 2013, having previously operated as Ivanplats Limited.
Ivanhoe Mines Ltd. is most often compared with the following Basic Materials names: