Ivanhoe Mines (IVPAF) Stock News

Ivanhoe Mines announced the restart of underground mining operations at Kakula Mine's western side on June 7, 2025, following stabilization of water levels. The company revised its 2025 copper production guidance to 370,000-420,000 tonnes. Mining operations resumed after installing additional pumping capacity of 4,400 liters per second. The eastern side mining will focus on developing new access drives to a fresh mining area, isolated from dewatering activities. Preliminary geotechnical findings revealed seismic activity originated from mature extraction areas, leading to stress redistribution on regional pillars. The Phase 1 and 2 concentrators are operating at 50% capacity, while Phase 3 continues to outperform. The smelter startup is expected in September 2025, with first anode production in October 2025.

Ivanhoe Mines (IVPAF) is progressing with plans to reopen the Kakula Mine following its temporary suspension on May 20, 2025. The company has completed Stage One of its dewatering plan, installing temporary underground pumping infrastructure that increased capacity to 4,400 litres per second. Stage Two, involving installation of four high-capacity surface pumps (650 litres/second each), is underway with expected completion in 90 days. The Phase 1 and 2 concentrators continue operating at 50% capacity using stockpiled ore. The western side of the mine remains dry with 1,000 litres per second pumping capacity and is expected to restart operations this month. The eastern side will resume after complete dewatering. The Kamoa underground mine and Phase 3 concentrator operations remain unaffected. Management will announce detailed restart plans next week.

Ivanhoe Mines (IVPAF) has temporarily suspended underground mining operations at its Kakula Mine due to ongoing seismic activity since May 20, 2025. The suspension has led to increased water inflow levels, requiring enhanced dewatering efforts. While no injuries have been reported, preliminary indications suggest seismic activity could continue for weeks. The company is working with geotechnical experts to investigate the cause and implementing solutions, including increasing pumping capacity to over 3,000 L/s. Surface operations, including Phase 1 and 2 concentrators, continue processing ore from stockpiles. The Kamoa Mine and Phase 3 concentrator remain operational. Due to these developments, Kamoa-Kakula's 2025 production guidance and smelter ramp-up schedule have been withdrawn pending review.

Ivanhoe Mines (IVPAF) has issued a response to address inaccurate claims made by Zijin Mining regarding operations at the Kamoa-Kakula Copper Complex in the DRC. The statement specifically refutes Zijin's assertion about "multiple roof-falling and rib-spalling" in the Kakula mine's eastern section. Following a temporary suspension of operations announced on May 20, 2025, ongoing inspections by Ivanhoe management and geotechnical experts have found no evidence of collapsing stopes or structural pillars. Initial findings suggest that recent seismic activity caused "scaling" or rock falls from sidewalls. The company is currently focused on repairing damaged cables and pipework supporting underground pumping infrastructure before resuming operations, starting with the western side of Kakula Mine. A detailed update on potential impacts to annual production guidance will be provided by May 27, 2025.

Ivanhoe Mines (IVPAF) has temporarily suspended underground mining operations at its Kakula mine in the Democratic Republic of the Congo due to seismic activity detected in the eastern section. The suspension began on May 18, 2025, with all employees safely evacuated and equipment removed. While the western section has been declared safe for imminent resumption, the eastern section requires further inspection of underground infrastructure. The Phase 1 and 2 concentrators continue operating at reduced capacity using surface stockpiles, which contained approximately 3.80 million tonnes at an average grade of 3.2% copper as of April 30, 2025. Operations at the Kamoa mine and Phase 3 concentrator remain unaffected by the disruption.

Ivanhoe Mines announced a significant expansion of its Makoko District copper discoveries in the Western Forelands, DRC. The district's Indicated Mineral Resources now stand at 27.7 million tonnes at 2.79% copper, plus Inferred Resources of 493.7 million tonnes at 1.70% copper (1.0% cut-off). The Makoko District has doubled in size over 18 months, extending to a 13-kilometer strike length. The discovery ranks as the highest-grade and fifth-largest new copper discovery of the past decade globally. Ivanhoe has discovered a total of 38.9 million tonnes of contained copper in Measured & Indicated Resources and 13.6 million tonnes in Inferred Resources across the Western Forelands. The company plans record-pace drilling for the remainder of 2025, with a $50 million exploration budget. The mineralization remains open in multiple directions, suggesting potential for further expansion.

Ivanhoe Mines (IVPAF) has achieved a major milestone at its Platreef Mine in South Africa, with mining crews entering the high-grade Flatreef orebody for the first time after 30 years of efforts. The Flatreef discovery contains 59 million ounces of precious metals in Indicated Resources and 94 million ounces in Inferred Resources. The company has completed 5.5 kilometers of tunnels across three levels and plans to begin commercial production in Q4 2025. The Flatreef orebody is unique, containing platinum, palladium, rhodium, nickel, gold, and copper, with a thickness of up to 29 meters. Construction of Shaft #2, Africa's largest hoisting shaft, is progressing well and will increase total hoisting capacity to over 12 million tonnes per annum. The project's Phase 2 expansion targets 4.1 Mtpa by Q4 2027, with estimated life-of-mine total cash costs of $599 per ounce of 3PE+Au, positioning it as the lowest-cost primary platinum group metals producer globally.

Ivanhoe Mines' Kamoa-Kakula Copper Complex achieved a record monthly production of 50,176 tonnes of copper in concentrate during April 2025. The Phase 1, 2, and 3 concentrators processed 1.35 million tonnes of ore at an average grade of 4.19% copper. The Phase 3 concentrator exceeded design expectations, operating at 20% above nameplate capacity during Q1 2025, with an annualized milling rate of 6.1 million tonnes. The complex is now operating at an annualized production rate of approximately 625,000 tonnes, 12% higher than 2025 guidance. Power stability has improved with increased hydroelectric supply, reaching 150 MW of stable power. The company's direct-to-blister copper smelter is on track to produce first anode in July 2025. Underground development at Kamoa 1 and 2 mines continues, with Phase 3 concentrator feed grades expected to increase to 3% copper by Q4 2025.

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