Kenmare Resources Plc not to achieve its full-year 2019 production guidance

  • Dec 17, 2019 GMT
  • Team Kalkine

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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