Kenmare Resources (GB:KMR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:KMR stock, check out TipRanks’ Stock Analysis page.
