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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: 5.55
Bid: 5.50
Ask: 5.60
Change: 0.15 (2.75%)
Spread: 0.10 (1.818%)
Open: 5.55
High: 5.65
Low: 5.60
Prev. Close: 5.45
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Jubilee Metals Parts With USD5.1 Million For Hernic Earnings Rights

Thu, 24th Oct 2019 16:59

(Alliance News) - Jubilee Metals Group PLC on Thursday said it has entered into a USD5.1 million purchase agreement which will see it acquire 100% of platinum group metal earnings generated from the Hernic project in South Africa.

The agreement with K2018239983 South Africa Pty Ltd will see Jubilee gain full control of the operation, allowing it to increase throughput at the facility.

Chief Executive Leon Coetzer said: "The transaction extends our rights to 100% of PGM earnings from current and future tailings at a time when the project is delivering record earnings reaching GBP 1.41 million for the month of September 2019 on the back of improved operational efficiencies and buoyant PGM basket metal prices. Under the previous agreement this would have brought forward the point at which the majority of earnings would be due to Hernic, Jubilee having reached a 30% return on investment."

Shares in Jubilee closed 14% higher at 4.20 pence each in London on Thursday. In Johannesburg, it ended the day 5.6% higher at ZAR0.76.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Today 12:14

Jubilee Metals' Abu Dhabi partner agrees to form Zambia joint venture

(Alliance News) - Jubilee Metals Group PLC reported on Thursday its Abu Dhabi-based partner had formally agreed to form the copper waste rock joint-venture.

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6 Mar 2024 08:29

IN BRIEF: Jubilee Metals forms subsidiary boards in SA and Zambia

Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Creates dedicated executive subsidiary boards to reflect "business maturity" attained by the South African and Zambian operations. Appoints Mathews Phosa as chair of the holding company of its SA Operations, with immediate effect. Names Chief Operating Officer Bertus van der Merwe as managing director of the SA board.

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29 Feb 2024 09:18

LONDON BROKER RATINGS: Barclays cuts Direct Line to equal weight

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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26 Feb 2024 08:30

Jubilee Metals posts "strong" interim performance, upbeat on outlook

(Alliance News) - Jubilee Metals Group PLC on Monday reported higher interim profit, amid a "strong" performance across all its operations.

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8 Feb 2024 13:00

IN BRIEF: Jubilee Metals shares up as Zambia copper unit progresses

Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Says Roan copper concentrator is on track for commissioning by end of the first quarter of this calendar year. In an update on copper operations in Zambia, says manufacturing and testing of the new 50,000 tonnes per month copper processing module is now completed.

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23 Jan 2024 08:16

Jubilee Metals production performance "strong" in second quarter

(Alliance News) - Jubilee Metals Group PLC on Tuesday dubbed its production performance in the second quarter of its financial year as "strong", led by output of chrome concentrate, while copper production declined.

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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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5 Jan 2024 08:57

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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5 Jan 2024 07:59

IN THE KNOW: Jubilee Metals set to cash in on Zambian copper venture

(Alliance News) - Jubilee Metals Group PLC will likely benefit from its new green copper project in Zambia, according Berenberg.

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3 Jan 2024 12:47

Jubilee Metals shareholders endorse GBP13 million equity raise

(Alliance News) - Jubilee Metals Group PLC on Wednesday its shareholders have approved the equity raise for its proposed Green Copper project in Zambia.

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27 Dec 2023 15:53

UK shareholder meetings calendar - next 7 days

Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
Eco Atlantic Oil & Gas LtdAGM
Genedrive PLCAGM
Goldplat PLCAGM
Lansdowne Oil & Gas PLCGM re capital raise
Marula Mining PLCAGM
Microsaic Systems PLCGM re fundraise
Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
Monday 1 January 
no events scheduled 
Tuesday 2 January 
no events scheduled 
Wednesday 3 January 
Jubilee Metals Group PLCGM re equity raise
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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18 Dec 2023 06:35

Jubilee Metals bumps up placing to GBP13 million on strong demand

(Alliance News) - Jubilee Metals Group PLC on Monday said the equity raised for its proposed Green Copper project in Zambia was increased by 30% from its original plan, amid strong demand in the bookbuild.

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15 Dec 2023 15:59

Jubilee Metals raises GBP13 million to fund Zambia copper operations

(Alliance News) - Jubilee Metals Group PLC on Monday said it raised GBP13 million via a placing of new shares, of which net proceeds will be used towards its Zambian copper operations.

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15 Dec 2023 09:58

Jubilee Metals to raise GBP10 million to fund copper project in Zambia

(Alliance News) - Jubilee Metals Group PLC on Friday said it will raise GBP10 million to fund its Green Copper project in Zambia.

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15 Dec 2023 07:23

Jubilee Metals announces plans to raise £10m

(Sharecast News) - Jubilee Metals Group announced its intention to raise £10m through a placing on Friday to accelerate its Green Copper Project.

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