Ivanhoe Mines Ltd (IVN.TO)

Ivanhoe Mines Ltd has faced significant challenges recently, particularly due to a seismic event and subsequent flooding at one of its key assets. While the flooding has been managed, experts note that it could take up to six months to fully understand the implications of the seismic event. Despite these setbacks, the company is experiencing record copper production and operates the highest-grade zinc mine in the world. Additionally, Ivanhoe has initiated operations at a palladium/platinum/nickel mine in South Africa, which positions it as a potentially major player in the mining sector. However, the flooding incident has raised concerns regarding the suspension of mining activities, particularly in the DRC, which could delay free cash flow inflection points until late 2026. The company's strong backing from the Qatar Investment Authority suggests that it remains a stock to watch, given the scarcity of world-class mines in the industry.