EXPLORATION & DEVELOPMENT

Expensive exploration quarter for Ivanhoe

EXPLORATION bills of nearly US$21 million accrued mainly from the Turquoise Hill project have contributed to Ivanhoe Mines' net loss of US$27.9 million for the March quarter.

Rebecca Keenan
Expensive exploration quarter for Ivanhoe

In the previous March quarter the company reported a net loss of US$9 million. Exploration expenses nearly doubled to US$20.7 million for the quarter mainly due to the cost of engineering evaluation...

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