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Ivanhoe Mines (TSX:IVN) Reports 36% Drop in Annual Profit for FY24 Amid Rising Costs
Image source: Company Update
Highlights
Ivanhoe Mines Ltd (TSX:IVN) is a mineral exploration and development company focused on discovering and recovering minerals and precious gems from its properties across Africa.
In the financial year 2024 (FY24), the company recognized revenue of USD 40.8 million, primarily driven by the sale of zinc concentrate. This marked the first time the company reported revenue, as there was no revenue recorded in FY23.
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