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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: 7.85
Bid: 7.70
Ask: 8.00
Change: -0.01 (-0.13%)
Spread: 0.30 (3.896%)
Open: 7.80
High: 7.85
Low: 7.80
Prev. Close: 7.86
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Jubilee Metals upbeat about future despite drop in chrome output

Wed, 01st Nov 2023 14:33

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

The London-based metal processing company with projects in South Africa and Zambia said in the first quarter that ended September 30, chrome concentrate production fell 2.2% to 336,683 tonnes from 344,315 tonnes a quarter ago.

Meanwhile, Jubilee's Inyoni asset in South Africa, which owns about one million tonnes of platinum group metals rich material, increased platinum group metals output to 10,113 ounces in the first quarter, up 8.2% from 9,350 ounces a quarter ago.

Further, Jubilee Metals said copper cathode and copper in concentrate production surged 43% to 934 tonnes from 653 tonnes quarter-on-quarter.

Chief Executive Officer Leon Coetzer said: "Our upcoming ventures, from the potential expansion of our chrome operations to our first life-of-mine copper ore off-take agreement, reinforce our strategic vision. Partnerships with companies like Mopani Copper Mines and Draslovka underscore our focus on growth and innovation. In conclusion, our improved operational margins across segments highlight our team's efforts and strategic foresight. I remain extremely optimistic about Jubilee's future and the trajectory on which the company is headed."

Jubilee Metals shares fell 0.6% to 5.47 pence each on Wednesday afternoon in London. In Johannesburg, they rose 4.1% to ZAR1.27 each.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Dec 2022 08:52

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Oct 2022 12:58

Jubilee Metals revenue rises after major investment programme

(Sharecast News) - Africa-focussed Jubilee Metals reported a 5.4% improvement in revenue in its full-year results on Tuesday, to £140m, despite completing an investment programme during the period.

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25 Oct 2022 10:44

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Jubilee Metals annual profit slumps as costs rise after expansion plan

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Jubilee Metals' Roan copper project achieves nameplate capacity

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Jubilee Metals reports busy six months of operations

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(Alliance News) - Jubilee Metals Group PLC on Wednesday said the significant expansion of its operations had started to bear fruits, boosting platinum group metals production in South Africa.

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IN BRIEF: Jubilee Metals names Tracey Kerr non-executive director

Jubilee Metals Group PLC - London-based metals processing company - Appoints Tracey Kerr as independent non-executive director with immediate effect. Her selection forms part of the company's global expansion strategy and the reorganisation of the board. Kerr is a non-executive director of Hochschild Mining PLC, a FTSE 250 precious metal mining company. Kerr's selection come after Jubilee Metals tapped Ollie Oliveira as non-executive chairman in May.

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IN BRIEF: Jubilee Metals sees Sable cobalt output starting in August

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