Ivanhoe Electric Earnings Call Transcripts
Fiscal Year 2026
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The 2026 study confirms Santa Cruz as a high-grade, low-cost copper project with $1.43B initial capital, targeting first production in 2029. Advanced TBM technology accelerates ramp-up, and robust reserves plus strong financing and permitting position the project for multi-decade growth.
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A major technology upgrade with the acquisition of a Robbins tunnel boring machine will accelerate and de-risk mine access at Santa Cruz, enabling faster development and future expansion. Permitting is on track, with first copper cathode production targeted for Q2 2029.
Fiscal Year 2025
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The Santa Cruz Copper Project's preliminary feasibility study confirms a 23-year, high-grade, low-cost underground copper mine in Arizona, with strong economics, low environmental impact, and significant expansion potential. Permitting and financing are advancing, with first production targeted for 2028.
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The discussion highlighted the critical role of copper in the U.S. economy and detailed the Santa Cruz project's advanced stage, streamlined permitting, and strong financing prospects. Strategic partnerships and proprietary technology support rapid exploration and development.