Kenmare Resources (GB:KMR) has released an update.
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Kenmare Resources reported a significant increase in shipments for Q3 2024, with over 300,000 tonnes shipped, marking an 85% year-on-year rise due to improved weather and shipment timings. While production of heavy mineral concentrate slightly dropped due to lower ore grades, the company remains on track to meet its 2024 guidance, buoyed by strong market demand. The introduction of a new small-scale mining operation and ongoing plant upgrades are set to enhance future production capacity.
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