Kenmare - Strong final quarter ensures delivery of 2018 projections

Davy Research
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A very solid final quarter ensured that Kenmare tipped over the mid-point of production guidance for 2018 and proved earlier worries unwarranted. This update, which marks a successful start to the investment programme to reach 1.2m tonnes of ilmenite production and provides a signal that H1 2019 average pricing will improve on 2018, should be well received by investors.