Ivanhoe swings to second-quarter profit

TSX-listed diversified miner Ivanhoe Mines recorded a profit of $5-million for the second quarter of the year, up from a loss of $108.6-million for the same period of 2021. The profit in the period includes Ivanhoe Mines’ share of profit and finance income from the Democratic Republic of Congo-based Kamoa-Kakula joint venture of $84.6-million, which set a new quarterly production record during the period with 87 314 t of copper in concentrate produced.