Ivanhoe Mines announces Kamoa-Kakula's copper production guidance for 2026 and 2027, with a medium-term annualized target of 550,000 tonnes. The Kakula Mine's dewatering progresses well, with 70% complete on the western side and 60% on the eastern side. 13.4 km of underground workings have been rehabilitated. Copper sales in 2026 are expected to exceed production due to surplus concentrate inventory clearance. Mining rates on the western side have increased to 350,000 tonnes per month, with plans to focus on higher-elevation areas. Mining rates are expected to improve gradually through 2026, with selective mining on the eastern side starting in Q1 2026. The Kamoa mines' mining rate is targeted to increase to 10 million tonnes per annum in 2027. The Phase 1, 2, and 3 concentrators' total processing capacity will reach 17 million tonnes per annum from 2027. The company extends gratitude to the Kamoa-Kakula team for their dedication during dewatering and rehabilitation. The updated life-of-mine plan is on track for Q1 2026 completion, targeting a return to 550,000 tonnes of annualized copper production. Stage 2 dewatering is over 60% complete, with high-capacity submersible pumps in place. The company provides forward-looking statements regarding production guidance, dewatering, and mining rates, acknowledging potential risks and uncertainties.
