Business
Ivanhoe Mines Announces Update on Platreef, the World's Largest Precious Metals Mine Under Development
Ramp up of Phase 1 concentrator advancing to plan; first sale of concentrate completedShaft #3 on track for April 2026; five-fold increase in hoisting capacity to 5 million tonnes per annum supporting Phase 1 and Phase 2 expansionPhase 2 on track, increasing production in under 24 months to approximately 450,000 ounces of platinum, palladium, rhodium and gold$700 million senior project finance facility for Phase 2 expansion signedPlatreef metals basket price exceeds $2,500 per ounce of platinum,
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ramp up of Phase 1 concentrator advancing to plan; first sale of concentrate completed","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"Shaft #3 on track for April 2026; five-fold increase in hoisting capacity to 5 million tonnes per annum supporting Phase 1 and Phase 2 expansion","length":144,"tagName":"p","attribs":{}},{"type":"text","content":"Phase 2 on track, increasing production in under 24 months to approximately 450,000 ounces of platinum, palladium, rhodium and gold","length":131,"tagName":"p","attribs":{}},{"type":"text","content":"$700 million senior project finance facility for Phase 2 expansion signed","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"Platreef metals basket price exceeds $2,500 per ounce of platinum, palladium, rhodium and gold, plus by-product credits from record copper and resurgent nickel prices","length":166,"tagName":"p","attribs":{}},{"type":"text","content":"Flatreef discovery contains 59 million ounces of precious metals in Indicated Resources and 93 million ounces in Inferred Mineral Resources at 1 gram per tonne cut-off","length":167,"tagName":"p","attribs":{}},{"type":"text","content":"Mokopane, South Africa--(Newsfile Corp. - January 12, 2026) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that following the official opening and first production of concentrate from the Platreef Mine, in Limpopo Province, South Africa on November 18, 2025, the development of the Platreef mine continues to rapidly advance as precious and base metals reach new highs.","length":471,"tagName":"p"},{"type":"text","content":"Ivanhoe Mines' Founder and Executive Co-Chairman, Robert Friedland, commented:","length":82,"tagName":"p"},{"type":"text","content":""The world is waking up to a new metals super-cycle, where precious and base metals are no longer optional, they are essential. Prices are rising because scarcity is real and demand is relentless... This comes at a time when platinum, palladium, rhodium, copper and nickel are identified by countries all around the globe as strategic minerals.","length":349,"tagName":"p"},{"type":"text","content":""Into this moment steps the Platreef Mine, which has a once-in-a-generation orebody… a discovery so vast that it will...