Kenmare Resources ( (GB:KMR) ) has shared an update.
Kenmare Resources reported a 2024 EBITDA of $157 million, supporting capital funding and shareholder dividends, despite a 10% revenue decline due to lower product prices. The company rejected a takeover offer from a consortium, citing undervaluation, but allowed limited due diligence to potentially improve the proposal. Production guidance remains on track despite weather impacts, and Kenmare is negotiating with the Mozambique government to extend its Implementation Agreement, balancing company and national economic interests.
More about Kenmare Resources
Kenmare Resources plc is a leading global producer of mineral sands products, operating the Moma Titanium Minerals Mine in Mozambique. The company supplies raw materials for everyday items like paints, plastics, and ceramic tiles, accounting for approximately 6% of global titanium feedstocks, and serves customers in over 15 countries.
YTD Price Performance: 33.18%
Average Trading Volume: 140,173
Technical Sentiment Signal: Sell
Current Market Cap: £377.9M
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