Kenmare Resources (“KMR”) has released its interim financial results with adjusted EBITDA of US$47m (-25% YoY, +4% vs H&Pe). Unadjusted EBITDA post a pre-flagged US$100m impairment was -US$53m, although this did not affect KMR’s dividend payout, with the Company confirming an interim payment of USc10/sh (H1’24: USc15). The Moma mine is on track to achieve FY25 production and cost guidance, with excavation rates expected to improve in H2 following the installation of higher-capacity dredges at We ....
