IVPAF - Ivanhoe Mines: Kamoa-Kakula Ramp-Up Progressing Well But Near-Term Risks Cannot Be Ignored
- Kamoa-Kakula produced 32.66 million lb copper in August.
- The Phase 1 facility should reach the nameplate capacity soon.
- The 2021 guidance of 176-209 million lb copper will be most probably beaten.
- The shares are not cheap and the technical picture indicates that further share price declines are probable in the near term.
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Ivanhoe Mines: Kamoa-Kakula Ramp-Up Progressing Well, But Near-Term Risks Cannot Be Ignored