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Kenmare Resources ( (GB:KMR) ) just unveiled an announcement.
Kenmare Resources reported that 2025 production declined across key products as upgrade work at its main Wet Concentrator Plant A and the elimination of some higher-cost dry mining reduced heavy mineral concentrate output, while weather-related disruptions and vessel maintenance weighed on shipments. Despite meeting or exceeding revised production guidance and seeing stable demand, prices fell amid market oversupply, prompting the company to flag a non-cash asset impairment of up to $300 million and a sharp rise in net debt to $158.8 million after peak capex of about $156 million on the WCP A upgrade. For 2026, management is pivoting from a volume-driven strategy to a “value over volume” approach, planning lower overall production but shipments above 1.1 million tonnes by drawing down stockpiles, cutting capital expenditure roughly in half, targeting lower cash operating costs of $215–225 million, and continuing talks with the Mozambican government on extending its mine agreement as it brings WCP A up to consistent nameplate capacity and scales up its new ZrTi by-product business.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £251.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Spark’s Take on GB:KMR Stock
According to Spark, TipRanks’ AI Analyst, GB:KMR is a Neutral.
Kenmare Resources’ overall stock score is primarily influenced by its mixed financial performance and bearish technical indicators. The high dividend yield provides some support, but the negative P/E ratio and recent safety incident at the Moma Mine present significant risks.
To see Spark’s full report on GB:KMR stock, click here.
More about Kenmare Resources
Kenmare Resources is a London- and Dublin-listed miner and one of the leading global producers of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique. Its primary products include ilmenite, zircon, rutile and a newer concentrates by-product, ZrTi, supplying pigment and ceramics markets worldwide.
Average Trading Volume: 127,006
Technical Sentiment Signal: Sell
Current Market Cap: £234.3M
For a thorough assessment of KMR stock, go to TipRanks’ Stock Analysis page.