Ivanhoe Mines has increased the mineral resource at its Makoko District copper discovery in the DRC by 30%, to roughly 12 million tonnes of contained copper, on the back of an aggressive 2026 drilling campaign.
Ivanhoe Mines expanded its Makoko copper discovery in the DRC by 30% to about 12 million tonnes of contained copper, and plans a scoping study for early 2027.
Ivanhoe Mines' Kipushi mine in the DRC set a new monthly zinc production record in May, putting it on course to become the world's fourth-largest zinc producer this year.
Ivanhoe Mines reached financial close on 30 April 2026 on a $700m senior project finance facility, arranged with Societe Generale, Absa and Nedbank, to fund Phase 2 of its Platreef mine in South Africa's Limpopo province.
Ivanhoe Mines' Kamoa-Kakula smelter produced 63,671 tonnes of copper anode in the first quarter of 2026, about 60% of design capacity, and sent its first shipment to Europe via the Lobito Corridor.
Ivanhoe Mines shocked investors by cutting 2026 guidance at Kamoa-Kakula to 290,000-330,000 tonnes and 2027 guidance to 380,000-420,000 tonnes, citing a more conservative mine plan.
