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Kenmare ups dividend despite earnings drop

Mineral sands miner Kenmare Resources boosted its full year dividend by 22% year-on-year to US10c per share despite weak sales volumes, which triggered a 17% yoy drop in earnings.

Kenmare ups dividend despite earnings drop Kenmare ups dividend despite earnings drop Kenmare ups dividend despite earnings drop Kenmare ups dividend despite earnings drop Kenmare ups dividend despite earnings drop

Kenmare Resources successfully moved its WCP B plant between two ore zones at its Moma Mine in Mozambique

Ilmenite production was down 15% yoy in 2020 to 756,000t, but a 9% increase in average sales prices provided support for the Mozambique-focused miner.