On August 1st, Ivanhoe Mines announced a 12% upward revision to its 2025 C1 cash cost forecast for the Kamoa-Kakula copper complex, now estimated at $1.90–$2.20/lb, up from $1.70–$1.90/lb. The increase reflects ongoing reliance on lower-grade (~3% Cu) stockpiled ore following seismic-induced flooding in May.

Two additional dewatering pumps have arrived on site in the DRC, with a $70 million recovery plan aiming to fully drain the affected eastern section by year-end. Higher-grade (~5% Cu) ore is expected to become available by mid-2026.

Ivanhoe’s Q2 copper output reached 112,009 tonnes, with $875 million in revenue and $169 million in net cash flow. Full-year production guidance remains at 370,000–420,000 tonnes, down ~28% from initial targets. A full recovery and updated 2026–2027 guidance are expected in September.