Kenmare Resources to deliver more than $50m in dividends to shareholders following record growth

While cost pressures such as fuel and labour rose for the company, they were offset by a 42% increase in aggregate average selling price across its products.

Kenmare Resources Managing Director Michael Carvill. Picture Jason Clarke

Irish mining firm Kenmare Resources said it will pay out more than $50m (€46m) in dividends to shareholders following a strong year for the company driven by record product prices.

Its annual results showed mineral product revenues climbed 18% and earnings before interest, taxes, depreciation and amortisation (Ebitda) rose by 39% to $298m in 2022.