Positive Net Cash Flow
Ivanhoe Mines returned a positive net cash flow of about $169 million for the second quarter despite operational challenges.
Safety Achievements
The company experienced no lost time injuries during the seismic event in May, and the Kipushi project engineering team has not recorded a single lost time injury since construction began.
Kamoa Phase 3 Record Throughput
Phase 3 at Kamoa recorded a throughput of 1.6 million tonnes, close to 6.5 million tonnes annualized, with a record grade of 2.92% and recovery of 86%.
Smelter Completion and Commissioning
The smelter is mechanically complete, and final commissioning is underway with plans for furnace heat-up in September, aiming to significantly reduce C1 costs.
Western Forelands Resource Increase
Significant resource increase at the Makoko district, nearly doubling the resource to close to 10 million tonnes of contained copper.