Ivanhoe Electric Inc. (IE) surged to a new 52-week high, with a 57% increase in copper production during Q3, hitting 316,393 tons year-to-date. The company reaffirmed its guidance of 370,000 to 420,000 tons for the year, with plans to mine higher-grade areas at Kakula Mine starting next month.

Founder and co-Chairman Robert Friedland highlighted the positive outlook for IE, with plans for selective mining at Kakula Mine and the upcoming start of operations at Africa’s largest copper smelter. Platreef Mine is also set to begin production this month, positioning IE as a major producer of precious metals.

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Read more at Yahoo Finance: Ivanhoe Electric (IE) Hits New All-Time High on Jump in Copper Production