IE
Ivanhoe Electric Inc.14.27
-0.78-5.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.07BP/E (TTM)
-Basic EPS (TTM)
-0.41Dividend Yield
0%Recent Filings
8-K
Cordoba divests Alacrán stake
Ivanhoe Electric's majority-owned subsidiary Cordoba Minerals announced on March 2, 2026, that JCHX shareholders approved amendments to the sale of Cordoba's remaining 50% interest in the Alacrán Project, plus Colombia exploration assets and receivables. The transaction closes March 6. Cordoba exits Colombia fully.
10-K
FY2025 results
Ivanhoe Electric advanced its Santa Cruz Copper Project with a June 2025 Preliminary Feasibility Study projecting 1.4 million tonnes of copper cathode over 23 years, $1.4 billion after-tax NPV at $4.25/lb copper (8% discount), and 20% IRR on $1.24 billion initial capex. No Q4 revenue or operational metrics disclosed in the 10-K, as projects remain pre-production; FY2025 exploration spend fell 52% y/y to $63M amid reduced Santa Cruz drilling post-PFS. Secured $200M undrawn bridge debt and completed land payments. Liquidity strong at $173M cash. Copper price volatility threatens exploration momentum.
8-K
Alacran sale amended for $128M
Ivanhoe Electric's 60.8%-owned Cordoba amended its deal on February 10, 2026, to sell its remaining 50% of the Alacran copper-gold-silver project for $128 million cash at close to JCHX's Veritas, dropping Naipu and Zhongan while waiving the EIA approval. Closing hinges on JCHX shareholder nod by March 10; Cordoba eyes distributing most net proceeds, retaining $10 million. Deal simplifies payment.
8-K
Secures $200M Santa Cruz loan
Ivanhoe Electric's subsidiary secured a $200M secured delayed-draw term loan on December 12, 2025, maturing December 31, 2027, to fund Santa Cruz Copper Project development in Arizona. Lenders include National Bank of Canada, Société Générale, and Bank of Montreal; rates start at Term SOFR+5.0%, stepping up to 6.5%. Parent guarantees with $225M net worth covenant. Bridge bolsters liquidity for 2026 construction.
10-Q
Q3 FY2025 results
Ivanhoe Electric narrowed its Q3 net loss to $17.5 million ($0.13 per share) from $43.2 million ($0.36 per share) a year earlier, driven by exploration costs dropping 52% y/y to $14.7 million as Santa Cruz Copper Project spending shifted from drilling to engineering. Revenue from data processing services dipped 19% y/y to $0.5 million, yet YTD revenue climbed 50% to $2.3 million with gross profit up 46% to $1.5 million. Operating cash burn eased to $63.5 million YTD, bolstered by $65.8 million from a February equity raise, leaving $69.5 million in cash against $38.9 million note payable and $33.0 million convertible debt due 2026. Cordoba's pending Alacrán sale, targeting $88 million cash upon EIA approval, promises at least $40 million to shareholders. Losses persist amid exploration risks.
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