Last 10.75 GBp
Change Today +0.50 / 4.88%
Volume 2.0M
KMR On Other Exchanges
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Exchange
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As of 11:35 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

kenmare resources plc (KMR) Snapshot

Open
11.25 GBp
Previous Close
10.25 GBp
Day High
11.75 GBp
Day Low
10.50 GBp
52 Week High
10/10/13 - 29.29 GBp
52 Week Low
06/12/14 - 8.85 GBp
Market Cap
299.1M
Average Volume 10 Days
2.1M
EPS TTM
-0.02 GBp
Shares Outstanding
2.8B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KENMARE RESOURCES PLC (KMR)

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kenmare resources plc (KMR) Details

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, and the United States. The company operates the Moma titanium minerals mine located on the north east coast of Mozambique that contains approximately 200 million tonnes of ilmenite and associated co-products. Its products include ilmenite and rutile titanium minerals used as feed stocks to produce titanium dioxide pigment, titanium metal, and welding electrodes; and zircon, a zirconium silicate mineral that is used in ceramics, refractory, and foundry industries, as well as to produce zirconia and zirconium chemicals for various applications. The company is headquartered in Dublin, Ireland.

1,529 Employees
Last Reported Date: 04/11/14
Founded in 1972

kenmare resources plc (KMR) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: $726.0K
Financial Director and Executive Director
Total Annual Compensation: $479.0K
Chief Operations Officer
Total Annual Compensation: $567.0K
Technical Director and Executive Director
Total Annual Compensation: $302.0K
Compensation as of Fiscal Year 2013.

kenmare resources plc (KMR) Key Developments

Kenmare Resources plc, H1 2014 Earnings Call, Aug 27, 2014

Kenmare Resources plc, H1 2014 Earnings Call, Aug 27, 2014

Kenmare Resources plc Reports Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2014

Kenmare Resources plc reported unaudited consolidated earnings and production results for the six months ended June 30, 2014. For the period, the company’s revenue was $81.222 million against $79.273 million a year ago. Operating loss was $17.851 million against operating profit of $6.876 million a year ago. Loss before tax was $32.094 million against $9.233 million a year ago. Loss attributable to equity holders was $31.788 million or 1.14 cents per diluted share against $10.226 million or 0.40 cents per diluted share a year ago. Net cash used in operating activities was $8.334 million against net cash from operating activities of $21.840 million a year ago. Addition to property, plant and equipment was $5.071 million against $61.405 million a year ago. EBITDA was $2.3 million against $18.9 million a year ago. For the period, the company reported total finished product production of 469,800 tonnes compared to 323,600 tonnes a year ago.

Kenmare Resources Announces Extension to the Corporate Loan

Kenmare Resources announced that it has agreed an amendment to the project financing terms for the Moma Mine in Mozambique, as well as an extension to the corporate loan provided by Absa Bank Limited. The project financing amendment removes the requirement to make scheduled principal payments of senior debt and payments of interest and principal of subordinated debt falling due in August 2014, February 2015 and August 2015. Instead, project lenders will receive payments under a cash sweep dependent on the level of cash generation at the mine. Simultaneously, Kenmare has agreed with Absa an extension to Absa's $20 million corporate loan, which will now mature on 31 March 2016. The principal amendments to the project financing are as follows: Principal repayments of senior debt and principal repayments and interest due in respect of subordinated debt that in each case fall due on the 1 August, 2014, 1 February, 2015 and 1 August, 2015 payment dates will now be paid only to the extent the Kenmare group cash balance exceeds $80 million in accordance with a cash sweep mechanism. To the extent scheduled amounts are not paid on the due dates under this cash sweep mechanism, the balances would then be payable on the earlier of the next payment date (to the extent payable under the cash sweep) and the deferral amount payment date. The deferral amount payment date is the earlier of 31 December 2015 and 30 days after a change of control of Kenmare. In addition, Absa has agreed that the repayment date for the $20 million loan provided to Kenmare will be extended from the current date of 31 March 2015 to 31 March 2016. The terms of the extension provide that the loan is repayable upon a change of control of Kenmare.

 

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