Ivanhoe Mines lowers full-year copper, zinc production guidance

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Following the installation of an additional 72 MW of generators, the on-site backup power capacity of 135 MW is now sufficient to power Kamoa-Kakula’s Phase 1 and 2 concentrators at full capacity, Ivanhoe said, adding that the project team remains on schedule to have 201 MW of installed on-site backup power generation capacity by year-end.

New copper guidance

For the year, Ivanhoe now expects its copper concentrate production to sit between 425,000-450,000 tonnes instead of 440,000-490,000 tonnes. Through the first three quarters, Kamoa-Kakula has produced 303,328 tonnes of copper in concentrate, including 40,025 tonnes at a record daily production rate of 1,334 tonnes during the month of September.

During the third quarter, the Phase 1 and 2 concentrators milled approximately 2.2 million tonnes of ore at an average feed grade of 4.9% copper. Quarterly copper production from the concentrators totalled 94,214 tonnes, at an average…

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