$434 million profit in 2022, driven by record income from the Kamoa-Kakula joint venture of $405 million. Kamoa-Kakula Copper Complex sold 323,733 tonnes of payable copper in 2022 and recognized record annual revenue of $2.15 billion and record EBITDA of $1.39 billion. Cost of sales were within guidance and totaled $1.09 per lb. ; C1 cash costs of $1.39 per lb. Their pashe 3 expansion is on target for Q4 2024 completion; increasing copper production to a ten-year average of 620,000 tonnes per annum, at C1 cash cost of $1.22/lb.
Ivanhoe Mines Books Record Profit
