# Ivanhoe tightens 2026 Kamoa-Kakula guidance to 290,000-310,000 t; smelter at about 60% capacity

Canonical page: https://technooptimist.io/stories/ivanhoe-tightens-2026-kamoa-kakula-guidance-to-290-000-310-000-t-8c2954cf
Date: 29 Jul 2026
About: [Ivanhoe Mines](https://technooptimist.io/companies/ivanhoe-mines.md) · [Kamoa-Kakula copper complex](https://technooptimist.io/materials/kamoa-kakula.md)
Original source: https://www.newsfilecorp.com/release/307108/

Kamoa-Kakula produced 64,328 tonnes of copper in the second quarter of 2026 and Ivanhoe narrowed full-year guidance to 290,000-310,000 tonnes, far below the 380,000-420,000 tonnes guided in December 2025. The smelter has run at about 60% of capacity since mid-February and should reach full rate in 2028. From 2028 the company targets more than 500,000 tonnes a year.

## Key facts

- Q2 2026: ore grade 2.39%, recovery 87.4%, C1 cash cost US$2.84/lb.
- 2027 guidance: 380,000-420,000 t.
- Kakula stoping not expected until H2 2027; new dewatering infrastructure under construction.
- On-site solar to give 60 MW baseload by end of Q3 2026, about 120 MW by end of 2027.

---

The Techno Optimist tracks every frontier of technology, program by program: https://technooptimist.io/ (a Markdown version of any page: add .md to its URL; site map for agents: https://technooptimist.io/llms.txt).
Data API (JSON, realtime stream): https://technooptimist.io/developers. People read 5 pages free, then Reader $10/month; these Markdown pages are open to agents.