KENMARE RESOURCES PLC - Q3 2026 Production Update

Kenmare cut FY2026 guidance on slow plant commissioning even as it fields a takeover approach and nears a key Mozambique royalty renegotiation.

• Guidance cut: Kenmare lowered FY2026 ilmenite guidance to 710k-750k tonnes (from ~800k) and shipment guidance to 1,050,000 tonnes (down 50k), citing slow WCPA commissioning and late-arriving vessels.
• Q3 rebound: Ilmenite production hit 234,000 tonnes, up 60% quarter-on-quarter, a run-rate above 930,000 tpa, though WCPA utilization was only 49% due to dredge winch-brake failures in August.

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