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NEW YORK ( TheStreet) -- Ivanhoe Mines (NYSE: IVN) hit a new 52-week low Tuesday as it is currently trading at $12.51, below its previous 52-week low of $12.55 with 341,978 shares traded as of 9:40 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Ivanhoe Mines has a market cap of $9.7 billion and is part of the basic materials sector and metals & mining industry. Shares are down 43.8% year to date as of the close of trading on Monday. Ivanhoe Mines Ltd. operates as an exploration and development company. The company's principal mineral resource property is Oyu Tolgoi copper-gold-silver project located in southern Mongolia.