Kenmare Resources (GB:KMR) has released an update.
Kenmare Resources reports a successful Q2 2024 with a 7% year-on-year increase in Heavy Mineral Concentrate production, on track to meet its full-year guidance, and an improved cash position after paying dividends and clearing debt. Despite challenges including poor weather affecting shipments, which were down 18% from the previous year, the company is poised for stronger H2 performance with higher ore grades anticipated. Kenmare also progresses on its capital projects, including the transition of the Wet Concentrator Plant A to the Nataka ore zone, ensuring long-term production stability.
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