Ivanhoe Mines reports record profit of $434 million for 2022 IvanhoeMines
- Ivanhoe Mines today reported a record profit of $434 million for 2022, compared with a profit of $45 million for 2021.
Ivanhoe also reported that Kamoa-Kakula produced 333,497 tonnes of copper in 2022, an increase of 215% compared with 2021. Cash costs per pound of payable copper amounted to $1.39 for the year ended December 31, 2022. “Cash cost guidance factors in an increase in the grid power tariff supplied by DRC state-owned utility, Société Nationale d'Electricité, which was increased from approximately $0.06 per kilowatt-hour to $0.10 per kWh in December 2022,” the company said.
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