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Ivanhoe Mines Lower in TSX, U.S. Despite TD Upgrade, Good News on Mongolian Project

Ivanhoe Mines (IVN.TO) is now slightly lower by as much as 3% at $19.93 on the Toronto Stock Exchange despite reportedly saying on Tuesday that gold and silver would account for about half of revenues at its Oyu Tolgoi project, which is set to begin production at the end of next year.

The Globe and Mail said the miner also received a rating and target price increase from TD Securities on Tuesday following the recent release of its second quarter update which said the promising project in Mongolia would be built within its $4.5 million pre-production budget.

IVN shares were also down in the United States at US$19.94 by nearly 4%.

Companies: Ivanhoe Mines Ltd.

Price: US$19.94. Price Change: -0.81. Percent Change: -3.9.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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