Kenmare

No surprise in Q2 and H1 operational outcome

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 184.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

Today’s production update from Kenmare contains no surprises. Production outcomes were as expected on the mining and processing side and the capital projects to ensure long-term output of 1.2m tonnes of ilmenite per annum are on track (schedule and budget). Comfortingly, the end market for titanium feedstocks continues to improve, with higher demand levels creating tightening markets.

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Jul 11 2019, 14:05 IST/BST

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