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Kenmare Resources ( (GB:KMR) ) has shared an update.
Kenmare Resources has provided an update on its Wet Concentrator Plant (WCP) A upgrade project and 2025 production guidance. The commissioning of the WCP A upgrade is progressing, with new high-capacity dredges and a feed preparation module installed. Despite some challenges with slimes management, the plant is expected to reach nameplate capacity in Q1 2026. The capital cost estimate remains unchanged at $341 million. The company is focusing on resolving these issues rather than increasing short-term production due to high inventory levels. Consequently, 2025 ilmenite production is expected to be at least 830,000 tonnes. Shipments for 2025 are projected to be around 980,000 tonnes, with some expected to complete in early 2026.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £296.00 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 plc is one of the world’s largest producers of titanium minerals, operating the Moma Titanium Minerals Mine in Mozambique. The company supplies raw materials for everyday items like paints, plastics, and ceramic tiles, with its production accounting for approximately 6% of global titanium feedstocks. Kenmare is listed on the London Stock Exchange and Euronext Dublin, serving customers in over 15 countries.
Average Trading Volume: 134,637
Technical Sentiment Signal: Sell
Current Market Cap: £219.8M
For an in-depth examination of KMR stock, go to TipRanks’ Overview page.