# Ivanhoe Mines Reports 71,417 Tonnes of Copper in Anode Produced by Kamoa-Kakula in Q1 2026; Recovery Efforts Advancing Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula--845f3409-f2e9-40ad-85e5-24654ceca6cd Original source: https://money.tmx.com/en/quote/IVN/news/7737494955563951/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula- Publisher: tmx Original announcement: 2026-04-13T12:33:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Ivanhoe Mines - Ticker: IVN - Exchange: TSX - Region: Unavailable - Primary commodity: Copper - Secondary commodities: Zinc, Platinum, Gold, Sulfur - Document categories: Metallurgy, Production, Resource update - Extracted: 2026-09-14 06:47:08 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Ivanhoe Mines reported its Q1 2026 production results, including 71,417 tonnes of copper in anode from Kamoa-Kakula, a record 65,044 tonnes of zinc in concentrate from Kipushi, and 1,428 PGM+Au ounces from Platreef. The Kamoa-Kakula smelter ramped up to 60% capacity, producing 117,871 tonnes of high-strength sulphuric acid. The company also announced an updated Mineral Reserve estimate for Kamoa-Kakula of 466 million tonnes at 2.82% copper. Reasoning: The document reports Q1 2026 production results, highlighting strong performance at Kipushi with record zinc production and significant copper output from Kamoa-Kakula. The Kamoa-Kakula smelter is ramping up and generating valuable sulphuric acid byproduct. While Platreef is still in ramp-up with lower-grade ore, the completion of Shaft \#3 is a positive for future production. However, overall Kamoa-Kakula copper production is down from previous quarters, and the smelter faces concentrate feed constraints. - Positive factor: Record zinc production at Kipushi - Positive factor: Significant copper production from Kamoa-Kakula smelter - Positive factor: Sulphuric acid byproduct sales improving margins - Positive factor: Platreef Shaft \#3 completion advancing ramp-up - Negative factor: Kamoa-Kakula copper production lower than previous quarters - Negative factor: Kamoa-Kakula smelter ramp-up constrained by concentrate feed - Negative factor: Platreef production still from lower-grade development ore Facts used in scoring: 6 ## Classification and evidence **Record Production** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Kipushi produced a record 65,044 tonnes of zinc in concentrate in Q1 2026, a quarterly increase of 6%. Evidence · text > Kipushi produced a record 65,044 tonnes of zinc in concentrate in Q1 2026, a quarterly increase of 6% **Byproduct Commodity** Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: The Kamoa-Kakula smelter produced high-strength sulphuric acid as a byproduct, which is being sold to other mining operations. Evidence · text > Our on-site copper smelter produces high-strength sulphuric acid as a by-product, which we sell to oxide copper mining operations in the DRC Copperbelt. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announced the results of an updated technical report for the Kamoa-Kakula Copper Complex, including an updated Mineral Reserve estimate. Evidence · text > On March 31, 2026 , Ivanhoe Mines announced the results of an updated technical report for the Kamoa-Kakula Copper Complex \("Kamoa-Kakula MRE"\). **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: All mineral reserve and mineral resource estimates are estimated in accordance with NI 43-101. Evidence · text > All mineral reserve and mineral resource estimates are estimated in accordance with NI 43-101. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The scientific and technical information has been reviewed and approved by Steve Amos and Simon Bottoms, who are Qualified Persons as defined in NI 43-101. Evidence · text > The scientific and technical information contained in this disclosure has been reviewed and approved by Steve Amos, BSc \(Hons\), MSc \(Eng\), FSAIMM \(703500\) and Simon Bottoms, MGeol, CGeol \(1023769\), FAusIMM \(313276\) who are each considered, by virtue of their education, experience and current good standing professional accreditation, as a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects \(NI 43-101\). **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("concentrator"\) ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula--845f3409-f2e9-40ad-85e5-24654ceca6cd#fact-resource-facts-5) Kamoa-Kakula Copper Complex · copper #### Identity - Project: Kamoa-Kakula Copper Complex - Commodity: copper - Region: drc - Reported Region: DRC - Ticker: IVN #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Steve Amos, Simon Bottoms - Resource group id: resource:4ff0795accf37a8d8e21 #### Resource Data - Tonnes: 466000000 - Grade: 2.82 - Grade Unit: % - Contained Metal: 13.1 - Contained Unit: mt #### Prior Estimate - Resource Date: 2026-03-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: An updated Mineral Reserve estimate for Kamoa-Kakula was announced, incorporating changes to mine design and geotechnical parameters, providing an updated mine plan. - Positive factor: Updated Mineral Reserve estimate - Positive factor: Incorporates cautious geotechnical parameters Evidence · text > The updated Mineral Reserve estimate is 466 million tonnes of ore at a grade of 2.82% copper, containing 13.1 million tonnes of copper. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## Metallurgical Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula--845f3409-f2e9-40ad-85e5-24654ceca6cd#fact-metallurgical-facts-0) Kamoa-Kakula Copper Complex · copper #### Identity - Project: Kamoa-Kakula Copper Complex - Commodity: copper - Region: drc - Reported Region: DRC - Ticker: IVN #### Recovery - Recovery: 85.6 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: This fact reports the combined Q1 2026 milling and concentrate production for Kamoa-Kakula, showing a significant volume of copper in concentrate, but with lower feed grade and recovery compared to the previous year. - Negative factor: Lower feed grade and recovery compared to Q1 2025 Evidence · table > 61,906 Context: 3,108 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula--845f3409-f2e9-40ad-85e5-24654ceca6cd#fact-metallurgical-facts-3) Kipushi Mine · zinc #### Identity - Project: Kipushi Mine - Commodity: zinc - Region: drc - Reported Region: DRC - Ticker: IVN #### Recovery - Recovery: 90.63 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: Kipushi delivered a record quarter for zinc production, with a high feed grade and excellent recovery, representing a significant quarter-on-quarter increase despite grid instability. - Positive factor: Record quarterly production - Positive factor: 6% increase compared to Q4 2025 - Positive factor: High feed grade - Positive factor: High recovery - Negative factor: Concentrator availability impacted by electrical grid instability Evidence · table > 65,044 Context: 196,774 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/ivanhoe-mines-reports-71-417-tonnes-of-copper-in-anode-produced-by-kamoa-kakula--845f3409-f2e9-40ad-85e5-24654ceca6cd#fact-metallurgical-facts-4) Platreef Mine · platinum #### Identity - Project: Platreef Mine - Commodity: platinum - Region: south\_africa - Reported Region: South Africa - Ticker: IVN #### Recovery - Recovery: 57 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: Platreef's Phase 1 concentrator is advancing with production from lower-grade development ore, and the completion of Shaft \#3 is a positive step for future ramp-up to higher-grade production. - Positive factor: Production from Phase 1 concentrator - Positive factor: Shaft \#3 completion for future ramp-up - Negative factor: Production from lower-grade development ore - Negative factor: Not representative of steady-state Evidence · table > 1,428 Context: 27,512 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.