Ivanhoe Mines
Ivanhoe Mines Issues 2025 Fourth Quarter and Annual Financial Results
Ivanhoe Mines reported a profit of $228 million and adjusted EBITDA of $578 million for 2025, with Kamoa-Kakula generating $3.28 billion in revenue and $1.45 billion in EBITDA. Both Kamoa-Kakula and Kipushi operations met their 2025 production and cash cost guidance, with Kamoa-Kakula producing 388,841 tonnes of copper and Kipushi producing 203,168 tonnes of zinc in concentrate. The company provided strong production and lower cash cost guidance for 2026 and 2027, driven by the successful ramp-up of the Kamoa-Kakula smelter and ongoing expansions at Platreef, while also announcing an updated Mineral Resource Estimate for the Makoko District targeted for mid-2026.