$IVN.TO

Ivanhoe Mines Up 1.3% As Says Kipushi Mine Set To Become World's Fourth Largest Zinc Producer In 2026

Ivanhoe Mines (IVN.TO) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced Thursday that the Kipushi Mine in the Democratic Republic of the Congo (DRC) achieved a monthly production record of 25,677 tonnes of zinc in concentrate in May.Among highlights, the Ivanhoe management said a production record was achieved as zinc prices near four-year highs, and added the Kipushi Mine is set to become world's fourth largest zinc producer in 2026.During the month, the concentrators milled a record 72,003 tonnes of ore at an average recovery of 93%, with an average plant feed grade of 36.2% zinc. The production record is 12% higher than the previous record of 22,968 tonnes of zinc, which was set in January 2026, the company said.Year-to-date zinc production totals approximately 110,000 tonnes of zinc. Annualized, this is equivalent to approximately the mid-point of the 2026 production guidance range of 240,000 to 290,000 tonnes of zinc, the company added.During May, 85,811 tonnes of ore were mined and hoisted to the surface. At the end of May, approximately 12,000 tonnes of ore were stored in surface, high-grade run-of-mine (ROM) stockpiles, at a grade of approximately 37% zinc. The lower-grade stockpiles contain 254,000 tonnes of ore with an average grade of approximately 22% zinc, Ivanhoe noted.Shares were last seen up 1.3% at $12.51.Price: $12.31, Change: $-0.04, Percent Change: -0.32%

Earnings Flash (IVN.TO) Ivanhoe Mines Reports Q1 2026 Loss of US$2M and adjusted EBITDA of $191M, including $158M of attributable EBITDA from Kamoa-Kakula

Copper Prices Ease on Middle East Uncertainty and China Data, RBC notes; Also Noting Related Earnings Here In Canada

Copper prices eased slightly to US$5.90 per pound over the past week as the market continues to digest conflicting signals between Middle East tensions and upbeat factory data in China, RBC Capital Markets noted in a note dated May 4.RBC noted the International Copper Study Group estimated a supply surplus of 276,000 tonnes in February, compared to a surplus of 34,000 tonnes in the previous month. But Chinese inventories have declined since then on what appears to be stronger demand.On the M&A front, RBC also noted, mining dealmaking is "heating up", hitting $21.6 billion in the first quarter, the strongest start to the year since 2023, as capital flows toward assets that secure reliable supply of critical minerals in stable jurisdictions (citing mining.com)."With metals prices remaining elevated, we expect consolidation to continue in the sector," RBC said.Meanwhile, RBC noted earnings season is well underway, with FM, CS, and HBM having reported last week. The bank said cost pressures were in focus with both FM and CS flagging potential for cash cost increases of roughly 10% from higher fuel prices. IVN, LUN, and NEXA report earnings on Wednesday after markets close, it added.Price: $31.49, Change: $+0.45, Percent Change: +1.45%

Copper Equities Down 5.5% Week over Week, RBC Says

Copper equities fell 5.5% over the past week driven by a pullback in gold, a firming U.S. dollar, and a sharp oil rally, as markets digest the spillover effects of the war in Iran, RBC Capital Markets said Monday.Sulfuric acid availability remains in focus as China plans to halt acid exports in May to prioritize domestic fertilizer and battery production. Prices are reaching about $1,000 per tonne, threatening leaching operations that represent 20% of global copper output, while operations in the Democratic Republic of Congo rely primarily on Middle Eastern acid.Ivanhoe Mines (IVN.TO) stands out as a clear beneficiary of this acid supply squeeze, with the newly commissioned Kamoa-Kakula smelter producing 1,200 tonnes per day of acid that could generate over $400 million in annual byproduct revenues at spot prices.Capstone Copper (CS.TO) and Lundin Mining (LUN.TO) face potential cost headwinds from theirChilean leaching operations, although local supply chains and term contracts could provide insulation in the near term, RBC said.Price: $78.52, Change: $-3.72, Percent Change: -4.52%

BMO Keeps Ivanhoe Mines' Outperform Rating, C$16.00 Price Target Following Q1 Production Results

BMO Capital Markets on Tuesday reiterated its outperform rating on the shares of Ivanhoe Mines (IVN.TO) and its C$16.00 price target following the company's first-quarter production results.Ivanhoe's copper in concentrate production of 61,906 tonnes in the first quarter was relatively close to guidance and BMO's expectations.BMO expects the market to be looking to the second half for higher mining rates and higher production that show a trajectory towards 500,000 tonnes per year of copper.Ivanhoe also remains one of the few mining companies with surplus sulfuric acid production, BMO added.Price: $12.62, Change: $+0.62, Percent Change: +5.17%