Kenmare Resources (“KMR”) will report H1’25 financial results on 20th August, having released a trading update on 16th July. We estimate underlying EBITDA and EPS for H1 of US$45m and 7cps, excluding a pre-announced impairment of US$125m. The Moma mine remains on track to meet FY25 production and cost guidance, as KMR expects improved excavation rates in H2 with the installation of more powerful dredges at Wet Concentrator Plant A (“WCP A”). However, adverse weather and maintenance to both of Mo ....
