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Kamoa Copper Achieves Record Quarterly Production of 55,602 Tonnes of Copper in Q1 2022, with a Record 19,605 Tonnes of Copper Produced in March
New daily production record of 1,202 tonnes copper produced on April 8 Phase 2 concentrato...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa Copper Achieves Record Quarterly Production of 55,602 Tonnes of Copper in Q1 2022, with a Record 19,605 Tonnes of Copper Produced in MarchNew daily production record of 1,202 tonnes copper produced on April 8Phase 2 concentrator declared commercial production on April 7; Kamoa Copper to increase annualized copper production to more than 400,000 tonnesFirst copper production from Kamoa-Kakula's Phase 3, including copper metal from on-site flash smelter, expected in Q4 2024Ivanhoe Mines to issue Q1 2022 financial results and host conference call for investors on May 10Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - April 11, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun are pleased to announce that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the first quarter of 2022, with 55,602 tonnes of copper in concentrate produced. Kamoa Copper milled 1.08 million ore tonnes during the quarter at an average feed grade of 5.91% copper.The Kamoa-Kakula Phase 2, 3.8 million-tonne-per-annum concentrator plant successfully declared commercial production on April 7, 2022. In addition, Kamoa-Kakula set a new daily production record on April 8, 2022, with 25,126 tonnes milled and 1,202 tonnes of copper produced.Management now expects that the early commissioning of the Phase 2 concentrator plant will enable Kamoa Copper to reach the upper end of its 2022 copper production guidance of 290,000 to 340,000 tonnes.First ore was introduced into the Phase 2 milling circuit on March 21, 2022, and first copper concentrate was produced approximately four months ahead of the originally announced development schedule. The Phase 2 concentrator plant is a mirror image of the Phase 1 plant, with a design throughput of 475 dry tonnes per hour, or 3.8 million tonnes of ore per year. Over the last six months, the Phase 1 plant has consistently exceeded design ore throughput by approximately 10% to 15%.During the first 17 days of production, Phase 2 regularly exceeded its design throughput capacity, and continues to perform at similar throughput and recovery rates as the Phase 1 concentrator. Kamoa-Kakula's Phase 1 and Phase 2 concentrator plants now are both in commercial production. Kamoa Copper will increase its annualized copper...