(RTTNews) - Kenmare Resources plc (KMR.L) said fiscal 2021 was a strong year for all of the company's product markets, resulting in record sales volumes at higher average received prices for all products, compared with 2020. Ilmenite production was up 48% to 1,119,400 tonnes. Shipments of finished products were 1,285,300 tonnes, a 51% increase from last year.
For fiscal 2022, production of all finished products is expected to be higher than fiscal 2021, due primarily to higher tonnes mined, more than offsetting a lower anticipated grade of 4.2%. Ilmenite production is expected to be between 1.125 million and 1.225 million tonnes. Total cash operating costs are anticipated to increase in fiscal 2022.
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