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Pin to quick picksJubilee Metals Share News (JLP)

Share Price Information for Jubilee Metals (JLP)

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Share Price: 7.80
Bid: 7.70
Ask: 7.90
Change: -0.20 (-2.50%)
Spread: 0.20 (2.597%)
Open: 7.95
High: 8.00
Low: 7.80
Prev. Close: 8.00
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IN BRIEF: Jubilee Metals delivers significant operational results

Mon, 16th May 2022 11:04

Jubilee Metals Group PLC - London-based metals processing company - Significantly increases chrome ore beneficiation capacity to over 220,000 tonnes per month, up from 140,000 tonnes per month, allowing the company to sharply increase the production of chrome concentrates from the various feed streams as an offset cost to its platinum group metal production costs. Jubilee targets to produce 1.2 million tonnes of chrome concentrate per annum

Jubilee also says its new Inyoni operations is already exceeding design throughput targets, reaching 86,000 tonnes per month of chrome and platinum group metal containing run-of-mine feed, together with 40,000 tonnes of PGM containing historical tailings material. This places Jubilee on course to achieve its PGM ounce production target of 44,000 ounces per annum through its 100% owned Inyoni alone. Jubilee expects to achieve 43,000 PGM ounces for the financial year ended June 30.

London current stock price: 15.40 pence, up 6.2% on Monday

12-month change: down 24%

Johannesburg current stock price: ZAR2.96, up 5.0%

12-month change: down 26%

By Artwell Dlamini; artwelldlamini@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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27 Jun 2014 16:34

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27 Jun 2014 11:04

DIRECTOR DEALINGS: Jubilee Platinum Chairman Buys 1.3 Million Shares

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20 Jun 2014 10:32

Jubilee Platinum Says Revamped Middleburg Smelter Hit Target In May

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9 Jun 2014 09:44

Jubilee Platinum Signs Access Deal To Tailings At Dilokong Chrome Mines

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it had signed a deal with ASA Metals Proprietary Ltd giving Jubilee the exclusive right to access the platinum group metals bearing tailings on the Dilokong Chrome Mines mine area and the right to build a dedicated chrome and platinum grou

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6 May 2014 07:14

Jubilee Platinum Finishes Middelburg Smelter Renewal

LONDON (Alliance News) - Jubilee Platinum PLC Tuesday said the third ARC furnace at its Middelburg smelter had been commissioned after it reached the targeted design ferroalloy metal production rate, the last stage of the smelter's revamp. In a statement, the company said the targeted outpu

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14 Apr 2014 10:49

Jubilee Platinum Starts Commissioning Third Arc Furnace At Middelburg

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it has begun commissioning the third Arc furnace at its Middelburg smelter operations in South Africa, and has also submitted a scoping report for its Tajate platinum project to South Africa's Department of Mineral Resources. The com

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26 Mar 2014 11:35

Jubilee Platinum Loss Narrows As Revenues Rise, Costs Are Cut

LONDON (Alliance News) - Jubilee Platinum PLC Wednesday reported a narrower loss for 2013 as it cut operating costs and revenues rose. The AIM-listed miner reported a pretax loss of GBP1.5 million for 2013, compared with a loss of GBP3.97 million in 2012, as revenues rose to GBP2.3 million

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13 Mar 2014 13:36

Jubilee Platinum Terminates Acquisition Process For Platinum Australia

LONDON (Alliance News) - Mine-to-Metals specialists Jubilee Platinum PLC Thursday said it mothballed plans to acquire Platinum Australia after failing to reach an agreement on how to structure the deal. The company's started discussions around 15 months ago, but rising debt at Platinum Aust

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24 Feb 2014 11:52

Jubilee Platinum Restructures Balance Sheet Through Placing, Loan Deals

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it had conditionally raised about GBP435,000 in a placing, as it also said its Power Alt Pty unit had settled a loan with Investec while its Braemore Resources unit had done a non-converting loan deal. In a statement, the company sai

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24 Feb 2014 10:47

Jubilee Platinum restructures capital structure

AIM-listed Jubilee Platinum has announced a restructurning of its capital structure. The main measure is an agreement to place 24.9m new ordinary shares at a price of 1.75p each one to raise appoximately 435,000 pounds. The funds will be directed at fully redeeming notes placed with Darwin Strateg

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20 Feb 2014 14:23

Jubilee Platinum Gets Reinstated Power Purchase Agreement In South Africa

LONDON (Alliance News) - Jubilee Platinum PLC Thursday said that the national energy provider of South Africa has reinstated a private power purchase agreement the company's subsidiary Power Alt Pty Ltd entered into on December 2012. The mining company said its subsidiary will start supplyi

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5 Feb 2014 10:37

Jubilee Platinum Receives Conversion Notice; ARC Furnace On Schedule

LONDON (Alliance News) - Jubilee Platinum PLC Wednesday said it has received a notice of exercise from Darwin Strategic Ltd, which wants to convert GBP450,000 of its loan notes into equity at 1.82967 pence a share. About 24.6 million shares will be issued to Darwin Strategic, which will sti

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