Kenmare Resources tells investors it expects stronger H2 production

Kenmare Resources expects production to improve in 2H after first-half output was weaker-than-expected due to commissioning at its upgraded Wet Concentrator Plant A. The company is guiding to 2026 ilmenite output of around 800,000 tonnes. Overall, near-term execution risk is acknowledged even as management looks for a second-half recovery.

Analysis

Kenmare Resources expects production to improve in 2H after first-half output was weaker-than-expected due to commissioning at its upgraded Wet Concentrator Plant A. The company is guiding to 2026 ilmenite output of around 800,000 tonnes. Overall, near-term execution risk is acknowledged even as management looks for a second-half recovery.