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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: 8.10
Bid: 8.00
Ask: 8.20
Change: -0.50 (-5.88%)
Spread: 0.20 (2.50%)
Open: 8.40
High: 8.10
Low: 8.00
Prev. Close: 8.50
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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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30 Jan 2014 11:56

Jubilee Platinum Says Profits Rising At Converted Middelburg Smelter

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2 Jan 2014 10:55

Jubilee Agrees GBP10 Million Equity Financing Facility, Eyes Acquisitions

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2 Jan 2014 07:57

Jubilee Platinum record production at Middelburg

Jubilee Platinum said it has achieved a record Ferronickel metal production rate of 35 tonnes a day at the Middelburg Smelter operation. It exceeded the previous record of 26 tonnes after the company secured funding for the expansion of the Middelburg Smelter operation to three operating ARC furnac

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5 Dec 2013 16:28

Smelter success lifts profits at Jubilee Platinum

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28 Oct 2013 10:39

Jubilee Platinum To Re-Commission Dilokong Plant After Funding Deal

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15 Oct 2013 16:14

Waterlogic director acquires shares as company begins Japanese distribution

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15 Oct 2013 13:39

DIRECTOR DEALINGS: Jubilee Platinum Non-Executive Chairman Buys Shares

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2 Oct 2013 10:10

Jubilee Platinum To Issue 12.6M Shares; Granted Mining Rights In South Africa

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27 Sep 2013 15:43

Jubilee Platinum narrows annual losses as revenues rise

Jubilee Platinum narrowed its annual losses after achieving a 28 per cent jump in revenue to 4.8m pounds. In the year to end of June, the group's gross profit surged 864% to £1.9m from the prior year's £0.2m, driven by electricity sales and sustainable reduction in operational overheads at its RST

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2 Aug 2013 10:48

STOCKS NEWS EUROPE-UK small caps rise, outpace weaker blue-chips

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19 Jun 2013 08:41

Jubilee defers payment date for non-core asset disposal

AIM-listed mine-to-metals specialist Jubilee Platinum has given an extension to Global Renewal Energy (GRE) for the second payment due on its disposal of two of non-core assets. The deferral relates to a sale of shares agreement with GRE earlier this year through which it would acquire the issued s

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28 May 2013 09:59

Jubilee Platinum jumps on disposal of non-core asset

Jubilee Platinum, the AIM-listed and JSE-listed mine-to-metals specialist, has concluded a sale of shares agreement with Global Renewal Energy (GRE), through which GRE will acquire from Jubilee, inter alia, the issued share capital of Jubilee Smelting and Refining (Pty) (JSR), a wholly-owned subsidi

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22 May 2013 10:32

Jubilee Platinum's revenues and profits grow in first quarter

Jubilee Platinum said unaudited revenue in the first three months of the year was 32 per cent higher than the previous quarter as the company achieved growing rates of power sales. Revenue from smelting and refining operations came to 16.4m South African Rand (ZAR) while unaudited gross profit also

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25 Apr 2013 16:23

Spectris director buys 3,000 shares

Martha Wyrsch, a Non-Executive Director of Spectris, the FTSE 250 instrumentation and controls company, has purchased her first set of shares in the company. Wyrsch, who took up the role in June last year, acquired 3,000 shares at 2,029.00p each for a total value of £60,870. The transaction was m

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25 Feb 2013 09:27

Jubilee Platinum to acquire Platinum Australia

Jubilee Platinum said Monday it has executed transactional agreements to acquire Platinum Australia (PLA). Under the deal, PLA shareholders will be offered one Jubilee share for every 2.593 PLA shares held. The transaction will pool together assets to form an enlarged group with a stronger portfol

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