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Ivanhoe Mines Reports 71,417 Tonnes of Copper in Anode Produced by Kamoa-Kakula in Q1 2026; Recovery Efforts Advancing
Africa's largest copper smelter ramped up to 60% capacity; sales of 99.7%-pure anodes and by-prod...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Reports 71,417 Tonnes of Copper in Anode Produced by Kamoa-Kakula in Q1 2026; Recovery Efforts AdvancingAfrica's largest copper smelter ramped up to 60% capacity; sales of 99.7%-pure anodes and by-product high-strength sulphuric acid improving marginsFirst copper anodes exported via Lobito Railway Corridor and shipped to refinery in EuropeKipushi produced a record 65,044 tonnes of zinc in concentrate in Q1 2026, a quarterly increase of 6%Ramp-up of Platreef Mine advancing on track, with commercial production expected mid-year; production rates to significantly improve following imminent first hoisting from Shaft #3Construction of Platreef's new Shaft #3 complete; unlocking ramp-up of Phase 1 operations and Phase 2 expansion from Q4 2027Ivanhoe to issue Q1 2026 financial results after market close on May 6; host conference call for investors on May 7Ivanhoe to publish ninth annual sustainability report next weekJohannesburg, South Africa--(Newsfile Corp. - April 13, 2026) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced today the company's first quarter production results and an update on operational and project activities. During the first quarter, Kamoa-Kakula produced a total of 71,417 tonnes of copper in blister and anode. The total consisted of 63,671 tonnes of copper in anode produced by Kamoa-Kakula's on-site, direct-to-blister copper smelter and 7,746 tonnes of copper in blister produced by the Lualaba Copper Smelter (LCS), in Kolwezi. In addition, Kamoa-Kakula's on-site copper smelter produced 117,871 tonnes of high-strength sulphuric acid during the quarter. On March 31, 2026, Ivanhoe Mines announced the results of an updated technical report for the Kamoa-Kakula Copper Complex (\"Kamoa-Kakula MRE\"). The updated Mineral Reserve estimate is 466 million tonnes of ore at a grade of 2.82% copper, containing 13.1 million tonnes of copper. The estimate incorporates changes to the mine design and extraction sequence, taking into consideration cautious geotechnical parameters adopted based on analysis by world-leading experts. The technical report also outlined an updated mine plan and production schedule. Under the Kamoa-Kakula MRE, the Phase 1, 2 and 3 concentrators will ramp up to a combined steady-state rate of 17 m...