- Ivanhoe cuts 2027 copper forecasts as costs rise.
- Record revenue masks growing operational and investment risks.
KINSHASA, CONGO – Ivanhoe Mines has reported record revenue at its flagship Congolese copper venture, but mounting costs and production setbacks threaten its recovery and future expansion.
The Kamoa-Kakula joint venture generated $1.034bn in third-quarter revenue and $478mn in EBITDA, while parent company Ivanhoe reported $45mn in profit and $241mn in adjusted EBITDA. Yet the miner has cut its 2027 copper output forecast and raised cost guidance, exposing the challenges of restoring one of Africa’s largest copper operations.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
