Ivanhoe Mines to release quarterly production results and operations update on July 5 TORONTO, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) stated today that it is unaware of any company-specific reason that might be contributing to the recent
1
June 23, 2022
Ivanhoe Mines to release quarterly production results and
operations update on July 5
TORONTO, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) stated today that it is
unaware of any company-specific reason that might be contributing to the recent
decline in the company’s share price other than general market volatility.
On July 5, 2022, Ivanhoe will issue a second quarter production update on the Kamoa-
Kakula Mining Complex, as well as a general operations update. In May, Kamoa Copper
achieved record monthly copper production of 29,800 tonnes.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal
projects in Southern Africa: the development of major new, mechanized, underground
mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo
and at the Platreef palladium-nickel-rhodium-platinum-copper-gold discovery in South
Africa; and the extensive redevelopment and upgrading of the historic, ultra-high-grade
Kipushi zinc mine, also in the Democratic Republic of Congo.
Kamoa-Kakula is the world’s fastest growing major copper mine. Kamoa-Kakula began
producing copper concentrates in May 2021 and, through phased expansions, is
positioned to become one of the world's largest copper producers. Kamoa-Kakula is
being powered by clean, renewable hydro-generated electricity and is projected to be
among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe
Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1
and 2) at the Kamoa-Kakula Mining Complex. Ivanhoe also is exploring for new copper
discoveries on its Western Foreland exploration licences in the Democratic Republic of
Congo, near the Kamoa-Kakula Mining Complex.
Information contacts
Investors
Vancouver: Matthew Keevil +1.604. 558.1034 London: Tommy Horton +44 7866 913 207
Media
Tanya Todd +1.604.331.9834
2
Forward-looking statements
Certain statements in this release constitute “forward-looking statements” or “forward-looking
information” within the meaning of applicable securities laws. Such statements and information involve
known and unknown risks, uncertainties and other factors that may cause the actual results,
performance or achievements of the company, its projects, or industry results, to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking
statements or information. Such statements can be identified by the use of words such as “may”,
“would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”,
“forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the
company’s current expectations regarding future events, performance and results and speak only as of
the date of this release.
Such statements include without limitation: (i) statements that Kamoa-Kakula is positioned to become
one of the world's largest copper producers; (ii) statements that Kamoa-Kakula is projected to be
among the world’s lowest greenhouse gas emitters per unit of metal produced; (iii) statements that
Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions.
As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility
study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements
or information, and include future estimates of internal rates of return, net present value, future
production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow
forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased
development of the projects. Furthermore, with respect to this specific forward-looking information
concerning the development of the Kamoa-Kakula Mining Complex, the company has based its
assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the
adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the
mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the
availability of equipment and facilities necessary to complete development; (vii) the cost of
consumables and mining and processing equipment; (viii) unforeseen technological and engineering
problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in
regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability
and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental
agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project
scope or design; and (xvii) political factors.
Forward-looking statements and information involve significant risks and uncertainties, should not be
read as guarantees of future performance or results and will not necessarily be accurate indicators of
whether or not such results will be achieved. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking statements or information, including, but not
limited to, the factors discussed below and under “Risk Factors”, and elsewhere in this release, as well
as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the
failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes
in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or
results that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this release are based upon what management of
the company believes are reasonable assumptions, the company cannot assure investors that actual
3
results will be consistent with these forward-looking statements. These forward-looking statements are
made as of the date of this release and are expressly qualified in their entirety by this cautionary
statement. Subject to applicable securities laws, the company does not assume any obligation to
update or revise the forward-looking statements contained herein to reflect events or circumstances
occurring after the date of this release.
The company’s actual results could differ materially from those anticipated in these forward-looking
statements as a result of the factors set forth below in the “Risk Factors” section in the company’s 2022
Q1 MD&A and its current annual information form.
114963668 v1