Ivanhoe Mines (IVN -8.6%) dives following a downgrade to Reduce from TD Securities. While...

|By:, SA News Editor

Ivanhoe Mines (IVN -8.6%) dives following a downgrade to Reduce from TD Securities. While considering Chalco's (ACH) offer for subsidiary SouthGobi a positive, the firm also notes Ivanhoe recently filed a downbeat technical report about its Oyu Tolgoi project, one that suggests expenses will be higher than previously forecast, and production at a specific mine will take longer than expected to start.