IE's Santa Cruz Copper Project Eyes 2029 Production with Strong Financial Metrics

Ivanhoe Electric Inc.'s (IE) recent study update confirms that its Santa Cruz project is on track to become a high-grade, low-cost copper operation by 2029. The study, which was conducted in 2026, used advanced Tunnel Boring Machine (TBM) technology and found strong financial metrics, including a net present value (NPV) of $3.5B at current prices.

The project's permitting and financing are proceeding as planned, with significant expansion potential identified. This is according to the study update provided by IE in September 2026.