If you have been watching Ivanhoe Mines (TSX:IVN), this might be the moment you were waiting for: the company just revealed that its ambitious debottlenecking program at the Kipushi Zinc Mine wrapped up ahead of schedule and under budget. Not only did Ivanhoe hit its targets early, but it also unlocked fresh production records as a result. With improved equipment uptime and a surge in recoveries, Kipushi is now operating at a level that places it among the world’s top zinc mines. The news continued as Ivanhoe landed a new offtake agreement and financing with Mercuria, adding more security to its sales channels.
It’s no surprise that developments like these have drawn new attention to Ivanhoe Mines. Still, it’s been a complicated year for the stock, with shares dropping about 32% over the past twelve months despite steady revenue and net income growth. Momentum is starting to rebound, however. In the past month alone, shares…
