[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-665164-105":59,"doc-detail-665164-en":129},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":122,"head_meta":124,"extra_data":126,"updated_unix":128},105,"en","ivanhoe-mines-ltd-q1-2023-mda","Ivanhoe Mines Ltd - Q1 2023 - MD&A","","Ivanhoe Mines Ltd’s MD&A covers its discussion and analysis for the three months ended March 31, 2023, prepared under IAS 34 and read alongside related interim financial statements under IFRS. The report defines U.S. dollar reporting conventions, highlights forward-looking statements and risk factors, and explains non-GAAP measures including EBITDA and cash costs (C1) per pound with reconciliation references. Key first-quarter results include strong copper production at Kamoa-Kakula, record revenue, operating profit, adjusted EBITDA, cost metrics, completion of debottlenecking ahead of schedule, and balance sheet strength supporting Phase 3 expansion.",{"@graph":69,"@context":121},[70,84,104],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/ivanhoe-mines-ltd-q1-2023-mda/665164/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":98,"encodingFormat":97,"isAccessibleForFree":99,"interactionStatistic":100},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/ivanhoe-mines-ltd-q1-2023-mda/665164.png","ImageObject",300,407,{"name":92,"@type":93},"awa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29",true,{"@type":101,"interactionType":102,"userInteractionCount":8},"InteractionCounter",{"@type":103},"ViewAction",{"@type":105,"mainEntity":106},"FAQPage",[107,113,117],{"name":108,"@type":109,"acceptedAnswer":110},"What accounting framework does the MD&A rely on for the interim period ended March 31, 2023?","Question",{"text":111,"@type":112},"The MD&A is prepared in accordance with IAS 34 (Interim Financial Reporting) and is read in conjunction with unaudited condensed consolidated interim financial statements. The related audited consolidated financial statements for 2021 and 2022 are prepared under IFRS.","Answer",{"name":114,"@type":109,"acceptedAnswer":115},"What major performance highlights are reported for Q1 2023?",{"text":116,"@type":112},"Kamoa-Kakula reports copper production of 93,603 tonnes in concentrate and record revenue of $689 million, with operating profit of $416 million and quarterly EBITDA of $452 million. Ivanhoe Mines also reports a profit of $82 million and adjusted EBITDA of $168 million for the group.",{"name":118,"@type":109,"acceptedAnswer":119},"How does the document treat non-GAAP financial performance measures?",{"text":120,"@type":112},"It references EBITDA and cash costs (C1) per pound as non-GAAP measures, notes they provide additional information to investors, and states they do not have standardized meaning under IFRS. A detailed description and reconciliation to the most directly comparable IFRS measure are directed to a dedicated section.","https://schema.org",{"og:url":83,"og:type":123,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":125,"canonical":83},"index,follow",{"doc_id":127,"site_id":62},665164,1793291830,{"code":4,"msg":5,"data":130},{"doc_id":127,"user_id":131,"nickname":92,"user_avatar":132,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":133,"file_id":134,"file_url":135,"file_type":136,"file_size":137,"view_count":8,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":138,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":128,"read_time":143},3985747858093,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","INTRODUCTION  \nThis management’s discussion and analysis (MD&A) should be read in conjunction with the unaudited condensed consolidated interim financial statements of Ivanhoe Mines Ltd. (“Ivanhoe”, “Ivanhoe Mines” or the “Company”), for the three months ended March 31 , 2023 , which have been prepared in accordance with International Accounting Standard 34-Interim Financial Reporting (IAS 34) and the audited consolidated financial statements of Ivanhoe for the years ended December 31, 2022 and 2021 , which have been prepared in accordance with International Financial Reporting Standards (IFRS) . All dollar figures stated herein are in U.S. dollars, unless otherwise specified. References to“C$” mean Canadian dollars and references to “R” mean South African Rands .  \nThe effective date of this MD&A is May 2, 2023. Additional information relating to the Company is available on SEDAR [at](at www.sedar.com. Certain)[ ](at www.sedar.com. Certain)[www.sedar.com](at www.sedar.com. Certain)[. Certain](at www.sedar.com. Certain) statements contained in the MD&A are forwardlooking statements that involve risks and uncertainties. See “Forward-Looking Statements” and “Risk Factors”.  \nThis MD&A includes references to earnings before interest, tax, depreciation and amortization (EBITDA), and \"Cash costs (C1) per pound\" which are non-GAAP financial performance measures. For a detailed description of each of the non-GAAP financial performance measures used in this MD&A, and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the non-GAAP Financial Performance Measures section of this MD&A starting on page 40. The nonGAAP financial performance measures set out in this MD&A are intended to provide additional information to investors and do not have any standardized meaning under IFRS, and therefore may not be comparable to other issuers, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.  \nFIRST QUARTER HIGHLIGHTS  \n• Production at the Kamoa-Kakula Copper Complex (“Kamoa-Kakula”) for the first quarter of 2023 was 93,603 tonnes of copper in concentrate, compared to 92,761 tonnes in Q4 2022 and 55,602 tonnes in Q1 2022.  \n• During Q1 2023 , Kamoa-Kakula sold 86,777 tonnes of payable copper and recognized record revenue of $689 million, with an operating profit of $416 million and record quarterly EBITDA of $452 million.  \n• Kamoa-Kakula’s cost of sales per pound (lb. ) of payable copper sold was $1.25/lb. for Q1 2023 compared with $1.08/lb. and $1.08/lb. in Q4 2022 and Q1 2022 respectively. Cash costs (C1) per pound of payable copper produced in Q1 2023 totalled $1.42/lb. , compared to $1.42/lb. and $1.21/lb. in Q4 2022 and Q1 2022 respectively.  \n• Debottlenecking program of Kamoa-Kakula's Phase 1 and Phase 2 concentrators completed ahead of schedule, increasing nameplate processing capacity by 22% to a combined total of 9.2 million tonnes of ore per annum and copper production capacity to 450,000 tonnes per annum.  \n• Ivanhoe Mines recorded a profit of $82 million for Q1 2023 , compared to a profit of $22 million for the same period in 2022. The profit in the quarter includes Ivanhoe Mines’ share of profit and finance income from the Kamoa-Kakula joint venture of $130 million for Q1 2023.  \n• Adjusted EBITDA for the Ivanhoe Mines group of $168 million recorded for Q1 2023 compared to $145 million for the same period in 2022 , and $162 million for Q4 2022, which includes an attributable share of EBITDA from Kamoa-Kakula.  \n• Ivanhoe Mines has a strong balance sheet with cash and cash equivalents of $497 million on hand as at March 31, 2023, and expects Kamoa-Kakula’s Phase 1 and Phase 2 cash flow to be sufficient to fund the Phase 3 expansion capital cost requirements at current copper prices.  \n• Ivanhoe continues its expansive copper exploration program on its Western Foreland licences that cover approximately 2,407 square kilomet","cbCaiitPKPW48qd1","https://ap.wps.com/l/cbCaiitPKPW48qd1","pdf",2564952,56,"English","# Introduction\n## First Quarter Highlights\n# Kamoa-Kakula Copper Complex","[{\"question\":\"What accounting framework does the MD\\u0026A rely on for the interim period ended March 31, 2023?\",\"answer\":\"The MD\\u0026A is prepared in accordance with IAS 34 (Interim Financial Reporting) and is read in conjunction with unaudited condensed consolidated interim financial statements. The related audited consolidated financial statements for 2021 and 2022 are prepared under IFRS.\"},{\"question\":\"What major performance highlights are reported for Q1 2023?\",\"answer\":\"Kamoa-Kakula reports copper production of 93,603 tonnes in concentrate and record revenue of $689 million, with operating profit of $416 million and quarterly EBITDA of $452 million. Ivanhoe Mines also reports a profit of $82 million and adjusted EBITDA of $168 million for the group.\"},{\"question\":\"How does the document treat non-GAAP financial performance measures?\",\"answer\":\"It references EBITDA and cash costs (C1) per pound as non-GAAP measures, notes they provide additional information to investors, and states they do not have standardized meaning under IFRS. A detailed description and reconciliation to the most directly comparable IFRS measure are directed to a dedicated section.\"}]","Ivanhoe Mines Ltd - Q1 2023 - MD&A | PDF",141]