Kenmare Resources Plc Reports A 9% Rise In Heavy Mineral Concentrate Production Q3 FY19

  • Oct 16, 2019 BST
  • Team Kalkine
  • Kenmare Resources Plc (KMR) has released a trading update for the third quarter ending 30 September 2019.
  • The company, as a result of a 10 per cent increase in tonnes of excavated ore, reported a 9 per cent increase in Heavy Mineral Concentrate production to 304,100 tonnes as compared to Q3 2018.
  • Due to spillage retreatment during Q3 2019, there was 27 per cent increase in primary zircon production to 12,900 tonnes as compared to 10,200 tonnes of Q3 2018.
  • Also, the company reported 26 per cent increase in rutile production to 2,100 tonnes as compared to 1,700 tonnes in Q3 2018.
  • On 16th October 2019, at the time of writing, GMT 08:09 AM, KMR shares were trading at GBX 240.00, flat against the previous day closing price.

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