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Kenmare Resources Q1 HMC Production Up 46% - Quick Facts

Kenmare Resources plc (KMR.L) reported that its first quarter Heavy Mineral Concentrate production increased 46% to 361,900 tonnes. Ilmenite production rose 73% to 275,100 tonnes. Primary zircon production were up 39% to 13,300 tonnes. Rutile production increased 36% to 1,900 tonnes.

For the first quarter, total shipments of finished products were up 77% to 344,400 tonnes, benefitting from increased production volumes and upgraded transhipment capacity.

The Group said it remains confident in the outlook for production and re-iterated guidance of 1.1-1.2 million tonnes per annum of ilmenite in 2021.

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