Kenmare

Production guidance tweaked downwards

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 219.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

Kenmare has guided down 2019 ilmenite production by up to 3% below the bottom end (900,000 tonnes) of its former guidance. This relates to unplanned downtime due to work upgrades onsite at the mine and regional power improvements by the national power supplier. Both factors are substantially no longer present and total sales (shipments) are still expected to be over 1m tonnes. The group also reports upward momentum for titanium feedstock prices.

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Dec 17 2019, 08:35 GMT

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