Kenmare Resources Stock News
£2.37
1.50%
London, Oct 16, 04:35 pm BST.
Closed.
Kenmare Resources Stock News
Kenmare Resources plc (LSE:KMR) shares rose 29% to 234.00p after its board confirmed a non-binding proposal from International Resources Holdings RSC Ltd (IRH) for a possible cash takeover. The board addressed recent press speculation in its announcement on 6 October 2026, which Kenmare published without IRH's approval.
Kenmare Resources plc (LSE:KMR), responding to press speculation, confirmed it has received a non-binding proposal from International Resources Holdings RSC Ltd, regarding a possible cash takeover of the mining group. The approach covers Kenmare's entire issued and to-be-issued share capital, with discussions between the companies ongoing.
Kenmare Resources plc (LSE:KMR) told investors it expects production to improve in the second half, as first-half production proved weaker-than-expected amidst commissioning at its upgraded Wet Concentrator Plant A. The small-cap miner forecasts 2026 ilmenite output of around 800,000 tonnes.
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