Ivanhoe Mines Reports 71,266 Tonnes Copper Q3 with Record Zinc, Smelter Start Expected

Ivanhoe Mines reported a significant decline in copper production at its Kamoa-Kakula complex during Q3 2025, producing 71,266 tonnes, down 36.4% from the previous quarter due to a failure event earlier in the year. Despite this, the company maintains its annual guidance of 370,000 to 420,000 tonnes of copper in concentrate, with ongoing recovery efforts and dewatering activities expected to restore production levels. The Kipushi zinc mine achieved record production with 57,200 tonnes of zinc in concentrate, a 37% increase from Q2, supported by improvements from a debottlenecking program. The start-up of Africa's largest copper smelter is scheduled for early November, alongside continued development at the Platreef mine, which is poised to begin producing platinum-group metals later this year. Ivanhoe's management expressed confidence in advancing rehabilitation and development plans, including mining higher-grade areas from mid-November and releasing new production guidance in 2026. These operational milestones position Ivanhoe Mines for enhanced production efficiency and market presence in the coming years.