Ivanhoe Electric (IE) Hits New All-Time High on Jump in Copper Production

Core Viewpoint - Ivanhoe Electric Inc. has demonstrated significant growth, particularly in copper production, which has positively impacted its stock performance and reaffirmed its production targets for the year [1][3]. Group 1: Production Performance - Ivanhoe Electric reported a 57% increase in copper production during Q3, mining 71,226 tons, bringing year-to-date production to 316,393 tons [1][3]. - The company maintains its full-year production guidance of 370,000 to 420,000 tons, with expectations of higher-grade mining from the Kakula Mine starting next month [3][4]. Group 2: Stock Performance - During intra-day trading, Ivanhoe Electric's stock reached a high of $14.57, closing up 12.63% at $14.45 [2]. - The stock's performance reflects investor confidence following the strong production results [1][2]. Group 3: Future Prospects - The company anticipates a turning point in operations with the start of selective mining on the eastern side of Kakula planned for Q1 2026 [4]. - Ivanhoe Electric is set to begin production at the Platreef Mine later this month, which is expected to enhance its position in the precious metals market [5].