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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: 7.60
Bid: 7.50
Ask: 7.70
Change: 0.10 (1.33%)
Spread: 0.20 (2.667%)
Open: 7.60
High: 7.60
Low: 7.55
Prev. Close: 7.50
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Jubilee Platinum losses widen amid depressed market

Mon, 14th Nov 2016 11:13

(ShareCast News) - Jubilee Platinum posted its audited results for the year to 30 June on Monday, with operating expenses from continuing operations - excluding share-based payment charges and impairments - down 16.27% to £2.4m.The AIM-traded firm did highlight a the disposal of its Middelburg Operations and Power Plant disposal, which completed during the year for a gross cash sum of ZAR110.5m, accounted for as £5.3m.It reported a loss per share for the year on continuing operations of 0.38p, a reduction of 15.6% on last year.On a reported basis, its revenue from continuing operations was £1.47m, up from £48.9k, with gross profit of £0.87m a marked increase from £23k.Its reported loss for the year was £3.67m, up from £3.45m in 2105."The theme of last year's report was that the resource industry in general was experiencing very difficult times with commodity prices and difficulty in accessing finance for survival, let alone growth," said non-executive chairman Colin Bird."We are somewhat disappointed that platinum has been so resilient at its lower levels and the much expected breakout in a positive way did not occur."I have been cynical over the link between gold and platinum and have often stated that the coupling has little sense since platinum is a commodity and should therefore respond to supply and demand fundamentals."Looking ahead, Bird said the board was seeing a healthy market for platinum with expectation of higher prices, though he remained confident of making good returns on investment at current platinum price levels."Our chrome operation at Dilokong has benefited considerably by increased prices for chrome and we are encouraged by our effort and opportunities in the local chrome arena."
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Jubilee Metals posts "strong" chrome production in third quarter

(Alliance News) - Jubilee Metals Group PLC on Thursday said its South African chrome operations delivered an "exceptional" performance in the first nine months of its financial year, though its platinum output disappointed.

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28 Mar 2024 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

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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

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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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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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