Ivanhoe Electric Inc (A:IE)
Business Focus: Integrated Mining
| Sector: Basic Materials | Industry: Integrated Mining |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 606 - 999 Canada Place VANCOUVER BC V6C 3E1 |
| Tel: | N/A |
| Website: | https://ivanhoeelectric.com |
| IR: | See website |
| Key People | ||
| Robert Martin Friedland Executive Chairman of the Board | Taylor Melvin President, Chief Executive Officer, Director | Jordan Neeser Chief Financial Officer |
| Quentin Markin Executive Vice President - Business Development, Strategy Execution | Glen Nickolas Kuntz Senior Vice President - Mine Development | Cassandra Joseph Vice President, General Counsel, Corporate Secretary |
| Business Overview |
| Ivanhoe Electric Inc. is a mineral exploration and development company. The Company is focused on identifying and developing mineral projects, and mainly mines, associated with the metals necessary for electrification, in particular, copper, nickel, cobalt, vanadium, gold, silver, and the platinum group metals. Its two material mineral projects are Santa Cruz Copper Project (Santa Cruz) in Arizona and the Tintic Copper-Gold Project (Tintic) in Utah. The Santa Cruz is located between the towns of Casa Grande and Stanfield in Arizona, approximately a one-hour drive south of Phoenix. It encompasses approximately 47.3 square kilometers (km2) of land. The Tintic exploration area covers approximately 65 km2 of patented claims and unpatented claims. Its other key mineral projects are the Hog Heaven Copper-Silver-Gold Project, located in Montana, and the Sama Nickel-Copper-Palladium Project, located in the Ivory Coast. Its technologies include Typhoon, Computational Geosciences and VRB Energy. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ivanhoe Electric Inc revenues decreased 54% to $3.9M. Net loss increased 33% to $199.4M. Revenues reflect Data Processing segment decrease of 83% to $1.3M, Canada segment decrease of 83% to $1.3M. Higher net loss reflects Energy Storage segment income decrease of 7% to $9.6M. Basic Earnings per Share excluding Extraordinary Items decreased from -$1.91 to -$1.95. |
| Employees: | 244 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,003M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3.90M as of Dec 31, 2023 |
| EBITDA (TTM): | -$177.76M as of Dec 31, 2023 |
| Net annual income (TTM): | -$199.38M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$232.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 120,306,414 as of Feb 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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