Ivanhoe Mines Ltd

Ivanhoe's flagship Kamoa-Kakula mine in the DRC is sized by O'Brien at 1.4 billion tons, part of the same prolific Zambia-DRC copper belt.
Six to eight months before the interview, Ivanhoe took out 8,000 square kilometers of grassroots exploration ground in Angola tying onto its Western Forelands project, per the guest.
O'Brien names Ivanhoe among the majors in the region looking for a new discovery, so a scaled Dombwa would sit in a competitive M&A field that includes it.

The US-funded Lobito rail corridor and a rival Chinese line east are turning Zambia's Domes region into a geopolitical copper contest. Midnight Sun's Phase 1 fence drilling outlined 11.5 kilometers of mineralized strike at Dombwa, drilling about 70,000 meters in 13 months. The guest argues a maiden resource needs about 250 million tons at 0.3-0.35% copper, so Phase 2 infills higher-grade zones and tests flanking targets. Selling the Kazhiba deposit (2.3 million tons at 1.41% copper) is underway as an internal funding source alongside $40 million raised in 18 months. With every major copper producer already exploring the Domes region, the guest argues a sized discovery creates ideal conditions for M&A.

Midnight Sun: Near-Surface Copper Next to Kansanshi and Lumwana | Adrian O’Brien

Mining Network

24 days ago 18:15

Key Highlights

Ivanhoe's Kamoa-Kakula sits in the DRC just above Midnight Sun at 1.4 billion tons, anchoring the north end of the district.
Ivanhoe recently took out 8,000 square kilometers of additional ground in Zambia, signaling a district-scale commitment.

Dumbwa's threshold for 'critical mass' is 250-300 Mt at ~0.3% Cu, the tonnage needed to attract a builder-acquirer in Zambia's Domes region. Maiden MRE is gated by assay backlog, not drilling pace — ~10,000 m/month is on track to wrap phase one by end of September 2026. The smart play for an explorer-developer is selling the asset, not building a mine — Midnight Sun's path to value runs through M&A. US Lobito Corridor and a competing Chinese rail line make Zambia's copper infrastructure a geopolitical battleground, not just an industry question. Fence drilling at 50x100 m spacing builds geological understanding fast — Midnight Sun claims five years' worth of insight in twelve months.

Stillwater Critical Minerals ($PGE | $PGEZF): Updated Polymetallic Resource Sets the Stage for a PEA

Investor TV

26 days ago 39:46

Key Highlights

Mike says he has applied Ivanhoe's Platreef-style mine modeling and imaging to the Stillwater complex for the first time, with two ex-Ivanhoe geos (Danny Grobler and Albie Britz, who joined in 2022) leading the work.
Mike uses Ivanhoe's South African Platreef and the nearby Mogalakwena operation as the cost benchmark, citing a roughly $599/4E oz AISC and a 35-year mine life.
Don notes that Robert Friedland's Ivanhoe pedigree is the technical reference point being applied to the Montana project, with Mike clarifying the work is based on the Platreef models rather than Ivanhoe's Congo assets.

Stillwater Critical Minerals released its third, largest MRE: 4.82 billion pounds of nickel-copper-cobalt and 7.43 million ounces of PGMs (platinum-group metals) and gold. Stillwater's Montana project applies South Africa's Platte Reef bulk-mining model, targeting AISC (all-in sustaining cost) near $600 per 4E ounce. CEO Rowley plans a PEA in about a year but skips a full PFS, aiming to upgrade resources and attract a major's bid. Hosts frame Stillwater as a 'buy-and-forget' optionality play: buy ounces cheap, let the PEA re-rate them, then wait for Glencore or another major to bid. The U.S. has only one small nickel mine and no nickel processing capacity; Rowley is engaging D.C. on funding but says grants take time.

'Devastating' Financial Crisis Incoming - 'People Should Prepare For This': Marc Faber

Commodity Culture

about 1 month ago 45:29

Key Highlights

The guest says he remains a large shareholder of Ivanhoe Mines and views the stock as a good entry point, since it is depressed relative to current all-time-high copper prices.
He acknowledges Ivanhoe's share price has come down significantly from prior levels.
His only caveat is a broader philosophical preference for physical precious metals over paper equity certificates, even though he continues to hold the shares.

Faber warns of a 'lifetime crisis' — overvalued stocks, accelerating sovereign debt, and expanding wars — that could devastate asset holders. He favors precious metals over paper assets, with mining stocks like Ivanhoe Mines offering value as a copper and gold play at depressed levels. He expects a credit event, not central bank tightening, to prick the stock bubble and trigger a major correction. Faber recommends diversification by geography and asset class, with physical precious metals stored outside the home country. He argues socialism's rise reflects money-printing-driven inequality, leaving most Americans living paycheck to paycheck and unable to build wealth.

Stillwater Critical Minerals – Updated MRE More Than Doubles The Mineral Resource at Stillwater West

about 1 month ago 17:33

Updated MRE more than doubled Stillwater West to 805M tonnes Inferred plus 29M tonnes Indicated at 0.34% NiTEq — polymetallic scale. Roughly 40-50% of Stillwater West's value is nickel; copper, cobalt, PGMs, gold and chromium each layer on 5-15% — an unusually balanced polymetallic suite. Stillwater West now holds the largest known rhodium deposit in North America and the largest nickel-cobalt resource in any active US mining district. Glencore's 13% strategic stake signals major-producer interest, drawn by 267M tonnes of mid-grade 0.35% NiTEq rock offering 30-40-year production optionality. Three rigs are pivoting from expansion to infill drilling ahead of a Preliminary Economic Assessment expected next year, supported by $6M in DOE grants.

Willem Middelkoop: The Next Financial Crisis, 'Perfect Storm' For Commodities & Mining Discoveries

Palisades Gold Radio

about 2 months ago

Key Highlights

The guest cites Ivanhoe's Oyu Tolgoi copper discovery in Mongolia as a textbook world-class find whose value compounded over decades, crediting Robert Friedland's willingness to hold the position through the long development cycle.

Weimar lite is already underway as foreign holders have dropped below 30% of US Treasuries and the Fed has absorbed $330B in a year. Central banks have bought around 1,000 tonnes of gold per year for five straight years -- about a third of global mine output. Gold is being reintroduced into the monetary system without any formal conference, as central banks now hold more gold than Treasuries. Gold producers print record free cash flow at PE ratios of 10-11, roughly a tenth of Magnificent Seven valuations. Discovery investors hold at least 1% stakes in tier-one deposits, scaling back after runs but never selling through production.

RK Equity - Critical Mineral Market Trends: Supply Chains, Policy Shifts, and Outlook

2 months ago

Key Highlights

Howard Klein argues that investing in Ivanhoe Mines is, by definition, a China partnership play given its offtake relationships, but he says he is comfortable owning it within a diversified critical-minerals book as of August 2026.
Klein cites Friedland-linked Ivanhoe ecosystem activity — including the Ivanhoe Electric EXIM loan and an Arizona copper opportunity — as evidence of US-aligned capital flowing around the broader Ivanhoe group.

The critical minerals sector is rebounding after a brutal May-July sell-off that hit lithium, rare earths, and base metals hardest. The US government announced $2.1B in new mining funding on August 7, with $1.4B going to Sila Nanotechnologies for anode and battery production. A glaring gap remains in midstream cathode processing in the US — lithium must still be shipped to China and back to make batteries domestically. Building a new mine takes 2-3 years with a feasibility study and up to 10-15 years from exploration to production in tougher jurisdictions. Investors should pick a commodity first, then target deposits on the low end of the cost curve with credible offtake partners, including trusted Chinese firms.

Live Q&A with Rick Rule and Steve Barton

2 months ago

Key Highlights

Rule attributes Ivanhoe's recent ~20% jump primarily to spectacular Kipushi Zinc mine results, not copper news (which he calls bad)
He flags the local politics around Kipushi — the provincial governor controlling trucking out of the province and blocking rail shipment — as a structural drag that makes the recent results even more impressive
Rule sees Ivanhoe as part of a multi-year copper thesis, even though the near-term move was zinc-driven

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

Stillwater Critical Minerals-Visual Update Of The 2026 Exploration Strategy & Upcoming Key Catalysts

3 months ago

Key Highlights

VP of exploration Danie Grobler joined Stillwater Critical from Ivanhoe, where he and colleague Albie were involved through the entire Platreef exploration phase — over 724,000 meters drilled for roughly 8 billion pounds of metal and nearly 100 million ounces of PGMs at a reported all-in cost around $600 per ounce.
Rowley contrasts Ivanhoe's roughly 4 kilometers of Platreef strike with Stillwater Critical's 33 kilometers across the lower Stillwater Complex to argue the Montana ground is the larger analog.

Stillwater Critical Minerals expects a geologic-model-based mineral resource update in Q3, adding 14 holes from its 2023 and 2025 drilling. A fully funded three-rig 2026 campaign targets the gaps between Chrome Mountain and Iron Mountain, which are shaping up as two deposits. Management applies South African Bushveld and Platreef-style geology in Montana, arguing magmatic layering controls thick, near-surface, polymetallic mineralization. Glencore keeps backing the company through repeated financings, while $6 million in federal grants and chromium's strategic status support the critical minerals case. Pending assays and machine-learning geophysics aim to sharpen drill targeting before metallurgical studies and preliminary economic assessment (PEA) work begin.

Live Q&A with Rick Rule and Albert Lu

3 months ago

Key Highlights

Rick calls Ivanhoe a compelling buy for investors who can accept DRC and South African political risk, with the stock down roughly 50% from peak after the Kamoa problem as of July 2026, and he remains a shareholder after 15 years.
He says Kamoa-Kakula was mined too aggressively and must now be mined slowly with larger pillars left in place, so 2027 earnings and near-term cash flow stay impacted.
The new smelter offsets much of the cash flow shortfall by enabling finished-copper shipments instead of concentrate and by selling sulfuric acid, which he says is in short supply.
Ivanhoe is bringing on the highest-grade major zinc mine in the world and the largest undeveloped platinum-palladium deposit, taking it from one tier-one mine toward three, with cash generation by end-2027 that Rick expects to be staggering.
Chinese participation shields Ivanhoe from Congolese political risk but not social risk; Rick notes roughly 2,000 Chinese troops in Katanga make any attempt to seize the mine from the Chinese a non-starter.

Falling share prices against rising values signal a bargain season; Rule urges investors to pre-build tiered shopping lists before forced selling creates bargains. Mining costs are inflating: consumables rise near 10% compounded versus stated CPI, so AISC (All-In Sustaining Cost — full production cost per ounce) climbs industry-wide. Rule favors uranium's remaining upside after the hated-to-not-hated move, sees a multi-year US natural gas upcycle, and still expects five-to-ten-year metals bull markets. Rule backs B2Gold and OceanaGold at low cashflow multiples, seeing resolved construction problems and quiet Mali diplomacy as mispriced strengths supporting further gold-sector M&A. Ivanhoe Mines offers compelling value for DRC-risk takers as Kamoa-Kakula repairs, a new smelter, and two more tier-one deposits reshape 2027 cashflow.

Nick Hodge – Macro Movers, 2 Site Visits, & Investing in Copper, Gold, And Critical Minerals Stocks

5 months ago

Nick Hodge analyzes macroeconomic headwinds including Middle East geopolitics, rising inflation, and sovereign debt, noting markets continue reaching all-time highs. Copper equities are highlighted as a strong investment opportunity due to all-time high copper prices, with specific focus on developers in safe Americas jurisdictions. Gold's recent pullback is framed as a buying opportunity, with structural drivers for the long-term precious metals bull market remaining solidly in place.

Zach Flood, CEO of Kenorland Minerals | Rule Symposium 2026: Rick Rule interviews

5 months ago

Key Highlights

Flood says his work in the Ivanhoe group on project evaluation and business development exposed him to projects, commodities, and mineral systems at many stages around the world.
Flood says his early field work around the 2003 Oyu Tolgoi discovery gave him his first view of what a major discovery could become.

Kenorland uses partner-funded exploration to test more targets while retaining minority interests and royalties, reducing shareholder dilution from high-risk grassroots work. Its project-generation model produced the Renault discovery in northern Quebec, where Sumitomo spent about $20 million before taking ownership. Three partner-funded Ontario and James Bay drill programs provide near-term discovery exposure, though key assays and follow-up results remain pending. Management argues repeated target generation matters because most grassroots exploration fails, making portfolio scale central to controlling risk. Kenorland's retained Renault royalty remains the main value driver, with deeper step-out drilling intended to test whether the gold system expands.

#99 Digging for Dollars #27 How to Win Over Europeans, Kai Hoffmann's “Must” for Junior Miners

CEO.CA

5 months ago 43:04

Key Highlights

A panelist recalls the chance to buy Ivanhoe near $1 during COVID as the kind of rare, huge-market-drop opportunity that massive copper projects occasionally offer.

Winning German retail investors takes years of consistent delivery: they are loyal, detail-oriented gold and silver buyers who reward juniors that keep their promises. A 'smear' is one narrow high-grade hit stretched across a wide interval; when the whole drill hole carries gold, the criticism does not apply. European investors anchor on a published resource estimate because few fund managers there have geology backgrounds, making measured numbers the shared language. Mogotes Metals' first holes into its porphyry (large copper-gold system) return broad, low-grade intercepts, leaving investors weighing patience against pivot. Dig This Deal pitches span a $1.2 billion Polish copper developer, a $22 million Saskatchewan gold explorer, and a funded Spanish copper drill program.

Nick Hodge – Investing Strategies in Gold, Copper, Lithium, Uranium, And Critical Minerals Stocks

6 months ago

Nick Hodge is applying a pruning and planting strategy, taking profits in overweight gold positions like GDXJ and Royal Gold to deploy capital into pullbacks or other mineral sectors. Copper stocks are rebounding from steep March corrections, with M&A activity like Hudbay's acquisition of Arizona Sonoran highlighting the value of advanced assets in desirable jurisdictions. Growing investor interest in defense metals is accelerating, with antimony, rare earths, and uranium gaining macroeconomic and political traction for domestic production and energy security.

Live Q&A with Rick Rule and Albert Lu

6 months ago

Key Highlights

Rule ranks Ivanhoe Mines 4 on his 1-10 scale (1 best) and calls the market's reaction to the prior week's mineral resource update excessive.
He models the slower mining rate and more conservative extraction as cutting near-year production, which matters because most of the deposit's NPV sits in the early years.
The update ignores exploration success on the 100%-owned Western Forelands ground, in his view.
He also points to higher future free cash flow from the smelter and rail shipments of refined copper, plus upcoming production at the world's highest-grade zinc mine and at what he calls the largest unmined platinum-palladium resource on the planet.
He is 'very, very, very long' Ivanhoe; his stated risk is political risk in the DRC, which he is willing to take.

Rule argues Gulf-driven commodity spikes are anticipatory, not rationing, and warns credit stress could escalate into a 2008-style liquidity squeeze. He is building personal cash because bond ETFs promise retail liquidity while holding illiquid bonds, a mismatch that could gate redemptions. Net present value (discounted future mine cash flows) ignores cash beyond its 8-9 year horizon, so it understates long-lived copper deposits. Thirty years of copper underinvestment, grades down to 0.4%, and a $250 billion capex gap make copper supply extraordinarily bullish, Rule argues. G Mining's takeover of G2 Goldfields joins contiguous Guyana ground, removes financing risk, and lifts combined output above 500,000 ounces of gold.

"We're Already in Deficit”: The Critical Minerals Crisis No One's Talking About - Amanda van Dyke

MiningStockEducation.com

7 months ago

Key Highlights

The guest calls Ivanhoe an incredible copper play, citing its DRC location, strong management, and a very low-cost, high-grade mine with impressive economics.

Amanda van Dyke argues global metals and minerals output must at least double again just to sustain today's economic level. Mining faces falling grades and a discovery drought, and she says copper and silver are already in global deficit. China's roughly $1 trillion, 25-year investment bought control of about 60% of the metals supply chain and 90% of some minor metals. US price floors like the MP Materials rare earth deal are project-specific financing guarantees, not a new global benchmark price. She avoids the EU after its 40% mining capacity loss, favoring the US, Latin America, and Africa for permitting and rule of law.

New Copper Discovery with Multi-Billion Tonne Potential explains Midnight Sun’s Adrian O’Brien

MiningStockEducation.com

7 months ago

Key Highlights