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Ivanhoe Mines Ltd.
10/30/2025
Good morning, ladies and gentlemen, and welcome to Vanomind's third quarter earnings conference call. At this time, note that all participant lines are in the listen-only mode. Following the presentation, we will conduct a question and answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on Thursday, October 30th, 2025. I would now like to turn the conference over to Matthew Keevil, Director, Investor Relations and Corporate Communications. Please go ahead.
Thanks very much, Operator, and hello, everyone. I'd just like to first and foremost thank you all for joining us today. It's my pleasure to welcome you to Ivan Holmeins' third quarter 2025 financial results conference call. As the operator mentioned, this is Matthew Keeble. I'm the Director of Investor Relations and Corporate Communications. On the line today from Ivanhoe Lines, we have Founder and Executive Co-Chairman, Robert Friedland, President and Chief Executive Officer, Marta Cloutier, Chief Financial Officer, David Van Heerlen, Chief Operating Officer, Mark Farron, Executive Vice President, Corporate Development of Investor Relations, and Mr. Alex Pickard, and Executive Vice President, Projects, 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 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 answered during the call. Before we begin, I'd like to remind everyone that today's event 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 October 29th news release as well as on CDAR Plus and at www.ivanhomeminds.com. It is now my pleasure to introduce Ivan Home Minds founder and executive co-chair Robert Friedland for some opening remarks. Robert, please go ahead.
Well, thank you to everyone, all of our stakeholders all over the world. I'm addressing you from Riyadh, Saudi Arabia, where we've just concluded the future investment initiative that occurs here. annually in Saudi Arabia and it has become the premier investment destination in the world for people that are interested in the materials that comprise our supply chain and country's national security as pertains to critical raw materials. And so, it's particularly appropriate that we welcome the Qatar Investment Authority with their $500 million equity investment in Ivano Mines. as a leading institutional shareholder in this country with superb relations throughout the Islamic world, which I believe is the least explored part of this planet's mineral endowment. We welcome Qatar Investment Authority as a long-term shareholder, and we'll be talking more about our excellent relations and future together in the near future. It's also a very good day today to tell you that yesterday we fed the first ore to the concentrator of what will become the largest precious metals development in our industry. It was in the 1980s that we began working in Limpopo Province in the northern part of South Africa to find a giant deposit on the northern limb of the Bushveld, which is quite different than the rest of the Bushveld. And we have discovered a super monster. very long lives, ultra important tier one polymetallic mine. And the ore was fed to the phase one concentrator yesterday, opening up at least 100 year era of a very important developer of gold, platinum, palladium, rhodium, nickel and copper. And rhodium is one of the most strategic of all metals. But platinum and palladium are also used in data centers. and are critical to every server in almost every data center in the world. So, with that, I welcome all of you. I want to thank all of our people that have been working on our recovery program from the seismic event we experienced in May. We're delighted with our progress and the efforts of our people. And with that, I'll turn this over to Marta to start telling the story. Thank you very much.
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