Kenmare Resources Plc (LON: KMR) has released a production guidance update.
- The company has said that now it does not expect to achieve its full-year 2019 production guidance of 900,000-960,000 tonnes of ilmenite.
- Ilmenite production is now expected to be improving by just 3 per cent, that’s a drop even from the lower end of the guidance range.
- The company has however said that the guidance for all other products and shipping volumes stays unchanged.
- On 17th December 2019, at the time of writing, GMT 08:11 AM, KMR shares were trading at GBX 210.00, down by 9.00 points or 4.11% against the previous day closing price.
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