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Ivanhoe Mines Ltd.
4/30/2024
Good day, and thank you for standing by. Welcome to the Ivanhoe Mines First Quarter 2024 Financial Results Conference. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker, Matthew Keeble, Director of Investor Relations and Corporate Communications. Please go ahead.
Thank you, Operator. And hello, everyone, and good day from sunny Vancouver. It's my pleasure to welcome you to Ivanhoe Mines' first quarter 2024 financial results conference call. My name is Matthew Keeble, and I'm the Director of IR and Corporate Communications at Ivanhoe Mines. On the line today from the company, we have founder and executive co-chairman Robert Friedland, President Marna Cloutier, Chief Financial Officer David Van Kalen, Chief Operating Officer Mark Ferrin, Executive Vice President Corporate Development and Investor Relations Alex Pickard, and Executive Vice President Project Steve Amos. We will finish today's event with a question and answer session. You can submit a question using the Q&A box on the webcast page, as well as through the conference operator via your phone line. Please contact our investor relations team directly for follow-up questions that are not addressed during the call. Before we begin, I'd like to remind everyone that today's events will contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Details of the forward-looking statements are contained in our April 30th news release, as well as on CDAR Plus and at www.ivanholmines.com. It is now my pleasure to introduce Ivan Omine's founder and executive co-chairman, Robert Friedland, for some opening remarks. Robert, please go ahead.
Yes, thank you. Welcome to our quarterly conference call. A few general remarks. We're extremely happy with progress in the Congo. For those of you that are unfamiliar with our copper business, we can find more copper faster than we can build new production. We are only limited by electrical energy, and we've solved that problem. We're going to explain why that problem is behind us. We've taken the opportunity to convert our convertible notes as our shares have traded near an all-time high, which will leave us essentially debt-free. We see nothing but clear sailing towards growing our production in the third and fourth phase at our joint venture at Komoku Kula. and we see nothing but upside in the Western forelands on finding more metal. Somebody has to go out and find the metal that the world needs. It's going to be Ivan O'Mines. I think we have a lot of new information to give to the market today, and you'll see why we've taken the position to do what we're doing. If you could show the next slide, please. We've been sending this Batman picture around about the absolute centrality of copper. to the energy transition. There will be no energy transition without it. And we also see enormous amounts of offtake demand in the remilitarization of the world economy. Tensions and the balkanization of the world economy are causing copper to be a definitive national security issue for each nation state. So Ivory Mines is unique in its ESG characteristics. We'd like to refer all of our shareholders to the progress and the culture that the women and men that lead our company have created. And with that, I'm going to turn this over to the specifics and tell you why I think it's a fantastic opportunity now to get involved with Ivano Mines. Marna, it's over to you. You're in Johannesburg. Please give them some specifics.
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