Investors cheer Ivanhoe’s resource update for Kipushi

Canadian major Ivanhoe Mines on Monday published a mineral resource estimate update for its Kipushi zinc/copper/silver/germanium project in the Democratic Republic of Congo (DRC), increasing the past-producing mine’s zinc-rich resources by 16% and copper-rich resources by 40%.

The new estimate, which will be incorporated into the pending definitive feasibility study for the project, increased the measured and indicated zinc-rich resources from 10.2-million tonnes in 2016 to 11.8-million tonnes at 35.34%, containing 9.2-billion pounds of zinc, 8.7-million ounces of silver and 24.4-million ounces of germanium.