Kenmare reports narrowing of loss for 2016
Published: Wednesday, 22 March 2017
While revenue for 2016 saw a decline y-o-y, the mineral sands miner reported an improvement in ilmenite prices and zircon sentiment in the second half of the year, forecasting a better 2017 on the back of higher secured contract prices.
Ireland-headquartered mineral sands miner Kenmare Resources
has reported a loss of $15.23m for 2016, an improvement from a
loss of $60.62m in 2015, according to its preliminary results
Despite record production and sales for all of its products,
the company saw revenue for the year decline slightly...