Business
Ivanhoe Mines Reports Q3 2024 Production Results from Kamoa-Kakula Complex
Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":" Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up Phase 3 concentrator ramp-up approaching steady-state throughput and recovery as at quarter end Kamoa-Kakula's 2024 production guidance range adjusted to 425,000 - 450,000 tonnes of copper Kipushi produced 17,817 tonnes of zinc in concentrate during ramp-up in Q3 2024 Kipushi's 2024 production guidance range lowered to 50,000 - 70,000 tonnes of zinc Kipushi concentrator now achieving recoveries in excess of 90%, as ramp-up continues to commercial production Ivanhoe Mines to issue Q3 2024 financial results and host conference call for investors on October 30 Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - October 7, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today that during the third quarter of 2024, the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) produced a record 116,313 tonnes of copper in concentrate and the ultra-high-grade Kipushi zinc mine, also in the DRC, produced 17,817 tonnes of zinc in concentrate. Year-to-date, Kamoa-Kakula has produced 303,328 tonnes of copper in concentrate. In addition, Kamoa-Kakula produced 40,025 tonnes of copper during September, achieving a record daily production rate of 1,334 tonnes of copper per day over the 30-day month. The average daily production rate increased further during the final week of September to 1,460 tonnes of copper per day. Kamoa-Kakula's Phase 1 and 2 concentrators milled approximately 2.2 million tonnes of ore during the third quarter at an average feed grade of 4.9% copper. Quarterly copper production from the Phase 1 and 2 concentrators was 94,214 tonnes, at an average recovery rate of 86.6%. Kamoa-Kakula's Phase 3 concentrator, which produced first concentrate on June 10, 2024, milled approximately 1.1 million tonnes of ore during the third quarter at an average feed grade of 2.6% copper. The feed to the concentrator during the quarter was predominantly from historical surface stockpiles. The Phase 3 concentrator, which achieved commercial production during the quarter, produced 22,099 tonnes of copper in concentrate at a recovery rate of 79.9%, reflecting the ongoing ramp-up. Following the co...