Canadian miner Ivanhoe suspends copper output forecast at Congo mine
ReutersMay 26, 2025 2:51 PM
JOHANNESBURG, May 26 (Reuters) - Ivanhoe Mines IVN.TO said on Monday is suspended its output forecast for this year after seismic activities at its copper mine in the Democratic Republic of Congo halted underground mining operations.
The Canadian miner said guidance for Kamoa-Kakula mine, initially set between 520,000 to 580,000 metric tons of copper and the planned ramp up at the smelting plant has been withdrawn.
Ivanhoe shares tumbled as much as 15% in early morning trade in Toronto.
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