TSX-listed Ivanhoe Mines’ Executive Co-Chair Robert Friedland, and Chief Executive Officer Marna Cloete have announced the company’s second quarter production results and an update on operational and project activities.
During the second quarter, Kamoa-Kakula’s Phase 1, 2, and 3 concentrators milled a total 3.62 million tonnes of ore, producing 112,009 tonnes of copper, representing an 11% year-on-year increase.
As previously guided, “Stage One” dewatering activities have been in place and operating to plan as of June 2, 2025. Water levels on the eastern side of the Kakula Mine have decreased modestly ahead of “Stage Two” dewatering activities from next month. The five, procured high-capacity, submersible “Stage Two” dewatering pumps are currently undergoing factory assembly in China and are expected to be air-freighted to site within the coming weeks.
Highlights
- Stage 1 dewatering of the Kakula Mine progressing as planned; Stage 2 dewatering on schedule to commence next month
- Kamoa-Kakula’s Phase 1 and 2 concentrators now operating at approx. 85% of design capacity, including 45% ore feed from Kakula western side; Phase 3 concentrator operating 30% above design capacity
- Construction of Kamoa-Kakula’s Project 95 is approximately 50% complete and on schedule for completion in Q1 2026
- Kipushi concentrator milled a record 153,342 tonnes of ore in Q2 2025, producing near-record 41,788 tonnes of zinc
- Platreef on schedule for first production in Q4 2025
- Ivanhoe Mines to issue Q2 2025 financial results after market close on July 30, host conference call for investors on July 31
