Kenmare Resources (“KMR”) released its quarterly results for Q1’24 with ilmenite production coming in line with guidance as the seasonal rains caused operational difficulties. KMR produced 316.4kt of Heavy Mineral Concentrate (“HMC”) (23% of H&Pe full year) with 308kt processed, for ilmenite production of 205.5kt (21% of H&Pe full year). Q1 is regularly impacted by power instability caused by seasonal rains, however this quarter was impacted more than any in the last five years. This brought pro ....
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11 Apr 2024
Kenmare Resources: Quarterly production impacted by seasonal rains
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Kenmare Resources: Quarterly production impacted by seasonal rains
Kenmare Resources Plc (KMR:LON) | 329 1.6 0.2% | Mkt Cap: 293.3m
- Published:
11 Apr 2024 -
Author:
Roger Bell -
Pages:
3 -
Kenmare Resources (“KMR”) released its quarterly results for Q1’24 with ilmenite production coming in line with guidance as the seasonal rains caused operational difficulties. KMR produced 316.4kt of Heavy Mineral Concentrate (“HMC”) (23% of H&Pe full year) with 308kt processed, for ilmenite production of 205.5kt (21% of H&Pe full year). Q1 is regularly impacted by power instability caused by seasonal rains, however this quarter was impacted more than any in the last five years. This brought pro ....