Ivanhoe Mines

Ivanhoe Mines reported operational improvements for Q1 2026, with the new smelting plant at Kamoa‑Kakula lowering cash costs to $2.58/lb and widening margins, even though volumes sold fell sharply. The company missed EPS and revenue forecasts and posted a net loss, weighed down by a pro rata tax settlement payment of $183 million at Kamoa‑Kakula. The Kipushi zinc mine achieved record production and low costs, Platreef advanced with completion of Shaft 3, and both capital spending and net debt increased further. Ivanhoe reaffirmed its annual guidance but stressed risks such as price, energy and regulatory uncertainties. » More on de.investing.com

Seismic activity damaged pump infrastructure at Kamoa-Kakula and led to temporary production adjustments; copper output fell to 112,009 tonnes in Q2 and adjusted EBITDA declined sharply. Ivanhoe Mines has launched a six-stage dewatering and restart plan, expects concentrators to run at about 80–85% capacity for the remainder of the year, and has already installed temporary pumps. The company confirmed its full-year guidance of 370,000–420,000 tonnes of copper, but raised cash costs to $1.90–2.20/lb and adjusted capex and leverage metrics; liquidity remained solid at about $672m at quarter-end. » More on de.investing.com

Ivanhoe Mines missed earnings expectations in the second quarter of 2025 but slightly exceeded revenue forecasts, despite significant operational challenges caused by a seismic event at the Kakula mine. The company is maintaining its production guidance for 2025 and continues to pursue strategic growth initiatives, including the commissioning of a new smelter and the expansion of additional projects. Cash costs increased, but the balance sheet remains solid and recovery efforts are proceeding as planned. » More on de.investing.com