Kenmare (“KMR”) has released its Q1 results which were heavily impacted by a severe and unprecedent lightning strike in February. Recoveries were lower in the quarter due to power interruptions, partly related to the lightning strike, but also due to an increase in slimes levels at wet concentrator plant A (“WCP A”) and a fall in grade. This led to a 10% decrease in recoveries and 22% decrease in heavy mineral concentrate (“HMC”) produced QoQ. As outlined previously, KMR expects its ilmenite and ....
