The miner reported a 11.1% year-over-year revenue decline but maintained its 2026 shipment guidance of 1.1 million tonnes.
Kenmare Resources reported first-half revenue of $149.1 million, down 11.1% from the same period last year, alongside a GAAP EPS loss of $0.38. The decline reflects lower commodity prices and operational adjustments during the period.
The company reiterated its 2026 shipment guidance of at least 1.1 million tonnes, a 15% increase over projected 2025 volumes. This target aligns with long-term production expansion plans amid fluctuating market conditions.
No immediate market reaction was disclosed in the release.