Kenmare Resources Publishes 2024 Payments to Governments Report

PUBLISHED: 14 May 2025 @ 18:11 | Comments (0) | More info about Fiona Craig

Kenmare Resources plc (LSE:KMR) has released its Report on Payments to Governments for the financial year ending December 31, 2024. In line with regulatory requirements, the report provides a comprehensive breakdown of payments made by the company and its subsidiaries for their mining and processing activities at the Moma Mine in Mozambique. The document highlights the company’s tax obligations and royalty payments to the Mozambican government, showcasing Kenmare’s significant role in the local economy and its adherence to international transparency standards.

This disclosure further solidifies Kenmare’s commitment to openness, which may enhance its reputation and foster positive relations with stakeholders and the broader community.

Financial Outlook and Market Position

Kenmare Resources maintains a balanced outlook, marked by solid valuation metrics and recent positive corporate events that indicate potential for growth. However, challenges persist, particularly with cash flow and declining margins, which somewhat dampen the company’s overall financial outlook. On a more optimistic note, recent technical analysis shows encouraging momentum, positioning the stock with a moderately positive outlook.

About Kenmare Resources

Kenmare Resources plc is an Irish mining company listed on the London Stock Exchange with a secondary listing on Euronext Dublin. The company operates the Moma Titanium Minerals Mine in northern Mozambique, one of the largest producers of titanium minerals globally. Kenmare’s products are crucial raw materials for industries such as paints, plastics, and paper, with customers in over 15 countries.

Average Daily Trading Volume: 159,571 shares
Technical Sentiment Indicator: Buy
Market Capitalization: £360.8 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.