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Pin to quick picksJubilee Metals Share News (JLP)

Share Price Information for Jubilee Metals (JLP)

London Stock Exchange
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Share Price: 6.65
Bid: 6.50
Ask: 6.80
Change: 0.00 (0.00%)
Spread: 0.30 (4.615%)
Open: 6.65
High: 6.60
Low: 6.60
Prev. Close: 6.60
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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.

More News
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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12 Dec 2023 13:52

Jubilee Metals secures Zambia copper waste rock project

(Sharecast News) - Jubilee Metals announced a significant development in its operations on Tuesday, having secured one of the most considerable copper waste rock assets on the surface in Zambia.

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12 Dec 2023 08:42

Jubilee Metals in partnership to invest in copper waste rock asset

(Alliance News) - Jubilee Metals Group PLC said on Tuesday it had secured one of the largest copper waste rock assets in Zambia and formed a strategic partnership that will invest in this "significant" dump.

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1 Nov 2023 14:33

Jubilee Metals upbeat about future despite drop in chrome output

(Alliance News) - Jubilee Metals Group PLC reported higher production for platinum group metals and copper, as it touted optimism for the future.

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1 Nov 2023 09:07

Jubilee Metals upbeat on first-quarter progress

(Sharecast News) - Jubilee Metals Group reported several operational milestones in its first-quarter update on Wednesday, with platinum group metals (PGM) production up, although chrome concentrate output slipped.

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27 Oct 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 30 October 
Angus Energy PLCGM re Kemexon Conversion Shares
Tuesday 31 October 
Bowen Fintech PLCAGM
City of London Investment Trust PLCAGM
Crimson Tide PLCGM re share consolidation
Indus Gas LtdAGM
New Energy One Acquisition Corp PLCAGM
Newmark Security PLCAGM
Tlou Energy LtdAGM
Walls & Futures REIT PLCAGM
Wednesday 1 November 
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
Frontier Developments PLCAGM
JP Morgan Mid Cap Investment Trust PLCAGM
Stranger Holdings PLCGM re reverse takeover of Mayflower Energy
Tavistock Investments PLCAGM
Thursday 2 November 
Instem PLCGM re takeover by Archimed
JPMorgan Global Growth & Income PLCAGM
Tintra PLCAGM
Tintra PLCGM to approve new auditors
Friday 3 November 
Cap-XX LtdAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Jubilee Metals Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 Oct 2023 08:25

IN BRIEF: Jubilee Metals shares advance after new slag project award

Jubilee Metals Group PLC - London-based metal processing company - Mopani Copper Mines awards the company a "significant" new slag project. Mopani and Jubilee will form a joint venture as part of this project. Jubilee will process about 13 million tonnes of historical slag, which is estimated to contain 0.7% copper and 0.27% cobalt in addition to the current slag arisings, it says.

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16 Oct 2023 12:45

Canaccord still sees "good potential upside" at Jubilee Metals

(Sharecast News) - Canaccord Genuity has trimmed its target price for Jubilee Metals Group by 8% after the metals recovery company disappointed the market last week with its full-year results.

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11 Oct 2023 12:10

Jubilee Metals sustains operational performance as profits fall

(Sharecast News) - Jubilee Metals Group said in its final results on Wednesday that it managed to sustain a robust operational performance that mitigated the adverse impacts of depreciating platinum group metals (PGM) basket prices and infrastructural dilemmas in its operating territories.

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11 Oct 2023 10:52

AIM WINNERS & LOSERS: Eneraqua shares plunge on annual profit warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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11 Oct 2023 08:14

Jubilee Metals annual profit down 54% as margins come under pressure

(Alliance News) - Jubilee Metals Group PLC reported on Wednesday that its annual profit more than halved as surging overhead costs put margins under pressure.

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21 Aug 2023 08:59

Jubilee reports progress in South Africa, Zambia

(Sharecast News) - Jubilee Metals Group reported on the latest advancements at its chrome joint venture in South Africa on Monday, as well as the expansion of the Roan Concentrator in Zambia.

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21 Aug 2023 08:58

Jubilee Metals upbeat as chrome expansion continues amid high prices

(Alliance News) - Jubilee Metals Group PLC said on Monday its chrome production plan sought to take advantage of buoyant prices, and indicated that its rollout of copper expansion in Zambia was progressing ahead of schedule.

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