Ivanhoe Mines (IVN) investor relations material

Corporate overview and financials

• Listed on TSX and OTCQX with a market cap of US$11.97 billion and a share price of C$11.62 as of September 2026.

• Major shareholders include CITIC Metal (21.2%), Zijin Mining (12.2%), and Robert Friedland (11.5%).

• Net debt position stands at US$651 million, with cash and equivalents of $635 million as of June 30, 2026.

• Strong liquidity maintained, with pro-rata net debt to adjusted EBITDA at 2.48x and a stable credit outlook.

Key mining assets and operations

• Operates three world-class mines: Kamoa-Kakula (copper), Kipushi (zinc), and Platreef (PGMs, nickel, copper, gold).

• Kamoa-Kakula is the world's highest-grade major copper complex, with a 39.6% ownership stake.

• Kipushi is set to be the world's third-largest zinc mine in 2026, with record production and high grades.

• Platreef is ramping up to become a leading, low-cost, multi-metal PGM mine with significant expansion underway.

Production and expansion milestones

• Kamoa-Kakula copper production guidance for 2026 is 290-310kt, ramping to 380-420kt in 2027 and targeting 500ktpa from 2028.

• On-site smelter operating at 60% capacity, delivering significant cost savings and supporting margin expansion.

• Kipushi produced a record 70,177 tonnes of zinc in Q2 2026, with annual guidance of 240-290kt.

• Platreef Phase 2 expansion is underway, targeting completion in Q4 2027, with future phases planned for further growth.