Ivanhoe Mines stock falls following lowered production and raised capex guidance By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Investing.com
Stock Performance: Ivanhoe Mines Ltd. shares fell by 5% following the release of disappointing full-year operating results and 2025 guidance, which projected copper production below market expectations and increased capital expenditure forecasts significantly.
Operational Challenges: The company cited power constraints and a recent fire that damaged generators as reasons for its conservative production outlook, with analysts predicting further cost increases and potential delays in smelter operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
