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Kenmare Resources ( (GB:KMR) ) just unveiled an update.
Kenmare Resources announced a robust performance in 2024, exceeding production guidance for ilmenite and surpassing expectations for zircon and rutile. The company achieved significant operational milestones, including passing two million hours without a Lost Time Injury, and invested heavily in capital projects, such as the transition of its largest mining plant to Nataka. Looking ahead to 2025, Kenmare expects strong demand to continue, with production and shipments anticipated to exceed those of 2024, supporting a reduction in finished product stocks. The company remains on track with its strategic initiatives, including the upgrade of the Wet Concentrator Plant A and the introduction of new dredge-mining operations.
More about Kenmare Resources
Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique. The company’s primary products include ilmenite, zircon, and rutile, which are essential inputs in the production of pigments, ceramics, and other industrial applications. Kenmare focuses on maintaining a strong balance sheet and aims to provide value to its shareholders through dividend payouts and strategic investments.
YTD Price Performance: -2.52%
Average Trading Volume: 84,036
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £276.6M
For an in-depth examination of KMR stock, go to TipRanks’ Stock Analysis page.
