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Ivanhoe Mines ( (TSE:IVN) ) has provided an announcement.
Ivanhoe Mines has produced the first copper anodes from its new 500,000-tonne-per-year direct-to-blister smelter at the Kamoa-Kakula complex in the Democratic Republic of the Congo, marking the start of ramp-up toward making it Africa’s largest copper smelter. The on-site facility, backed by a $1.1 billion investment and extensive commissioning work, will allow Kamoa-Kakula to process most of its own concentrate, reduce stockpiles and lift 2026 copper sales by around 20,000 tonnes above production, enabling the company to capture value from near-record copper prices; at the same time, dewatering at Kakula Mine Stage Two has been completed ahead of schedule and selective mining has resumed, while a major uninterruptible power system and large solar-plus-storage project aim to bolster reliability and sustainability of operations.
The most recent analyst rating on (TSE:IVN) stock is a Hold with a C$16.50 price target. To see the full list of analyst forecasts on Ivanhoe Mines stock, see the TSE:IVN Stock Forecast page.
Spark’s Take on TSE:IVN Stock
According to Spark, TipRanks’ AI Analyst, TSE:IVN is a Neutral.
The score is held back primarily by weak cash-flow generation and mixed operating profitability despite strong revenue growth and a manageable balance sheet. Technicals are supportive with a clear uptrend, but near-term momentum looks stretched. Valuation is a notable risk due to the high P/E, while the latest earnings call was cautiously constructive on liquidity and project milestones despite ongoing operational and cost headwinds.
To see Spark’s full report on TSE:IVN stock, click here.
More about Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on the exploration, development and production of major copper and other base metal deposits, with a key asset being the Kamoa-Kakula copper complex in the Democratic Republic of the Congo, a fast-growing supplier of high-grade copper to global markets.
Average Trading Volume: 3,674,334
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$22.16B
See more data about IVN stock on TipRanks’ Stock Analysis page.