NewsFlash / Copper / Ivanhoe Mines Shares Plummet After Withdrawing Production, Cost Guidance for Kamoa-Kakula Copper Complex
Ivanhoe Mines Shares Plummet After Withdrawing Production, Cost Guidance for Kamoa-Kakula Copper Complex
iconMay 27, 2025 09:23
Source:SMM
Ivanhoe Mines shares tumbled on Monday after the miner withdrew its production and cost guidance for the Kamoa-Kakula copper complex in the Democratic Republic of Congo following a temporary suspension of underground operations. In a press release, the company said its is reviewing its 2025 copper production target of 520,000 to 580,000 tonnes after the Kakula underground mine was rocked by recent seismic activity. The ramp-up schedule for a new smelter has also been withdrawn.

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