Ivanhoe Mines Resumes Kakula Operations with Revised Production Guidance Amid Stabilized Conditions
- Ivanhoe Mines resumed underground mining at Kakula Mine on June 7, 2025, after stabilizing water levels.
- The company forecasts copper production between 370,000 and 420,000 tonnes for 2025, enhancing operational efficiency.
- Ivanhoe has withdrawn 2026 production guidance to focus on accurate forecasts amid changing market conditions.
Ivanhoe Mines Resumes Operations Amid Stabilized Conditions at Kakula Mine
Ivanhoe Mines Ltd. announces the successful resumption of underground mining operations on the western side of its Kakula Mine, effective June 7, 2025. This pivotal development follows the stabilization of underground water levels, enabling the company to commence dewatering operations in Q3 2025. Executive Co-Chairman Robert Friedland and President Marna Cloete outline revised copper production guidance for 2025, forecasting between 370,000 and 420,000 tonnes. The resumption of mining activities marks a significant step in the company’s ongoing efforts to enhance operational efficiency and safety following recent seismic activity.
In addition to the western side's reopening, Ivanhoe is poised to initiate mining on the eastern side of Kakula, focusing on developing new access drives. These activities remain isolated from the dewatering efforts, which are crucial for ensuring a stable environment for mining operations. The company reports that it has installed approximately 4,400 liters per second of additional pumping capacity, successfully stabilizing water inflow rates after initial concerns from seismic events. The strategic response to these challenges underscores Ivanhoe's commitment to maintaining safety and efficiency in its operations, as evidenced by the absence of lost time injuries during the recovery phase.
Looking forward, the company anticipates its on-site copper smelter to commence operations in September 2025, with the first anode expected in October. The Phase 1 and 2 concentrators are currently operating at around 50% capacity, processing ore from surface stockpiles. As mining activities ramp up, Ivanhoe aims to reach a production target of 300,000 tonnes per month by the latter half of the year, reinforcing its position as a major player in the copper market. This proactive approach, combined with ongoing assessments of operational capabilities and market conditions, positions Ivanhoe Mines for sustainable growth in the coming years.
In a parallel development, Ivanhoe Mines has withdrawn its production guidance for 2026, focusing instead on ensuring accurate forecasts amid evolving market dynamics. This decision reflects the company’s strategic review process and highlights its commitment to transparency with stakeholders. While the specific motivations for this withdrawal are not disclosed, it emphasizes the fluid nature of the mining industry and the need for adaptable strategies.
Additionally, in a recent investor webinar, Ivanhoe Mines shares insights into its operations and future plans, emphasizing its focus on responsible mining practices and sustainability. The company remains committed to investing in technology and innovation to optimize production while reducing environmental impact, aligning with global demands for sustainable mining solutions. As Ivanhoe navigates these developments, it continues to engage with its investors, reaffirming its growth strategy and commitment to transparency in the evolving landscape of the mining industry.