Positive Net Cash Flow
Ivanhoe Mines returned a positive net cash flow of about $169 million for the second quarter.
Phase 3 Operations Success
Phase 3 of Kamoa-Kakula operated at above 30% capacity with plans to increase further, indicating successful operations despite challenges.
Safety Achievements
Significant safety achievements were reported, with no lost time injuries during the quarter, even amidst operational challenges.
Kipushi Project Progress
The Kipushi de-bottlenecking project is in the final stages and is expected to increase production capacity by about 20%.
Platreef Production Timing
Platreef is on track to start production in Q4 2025, coinciding with high platinum and palladium prices.
Direct-to-Blister Smelter Commissioning
The smelter is almost complete with plans to heat up furnaces in September, promising a significant reduction in C1 costs.
Power Supply Improvements
Inga turbine #5 is mechanically complete and expected to supply 178 MW of clean energy, improving power stability.