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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 Platinum slashes losses as optimisation cuts costs

Wed, 25th Mar 2015 15:16

Jubilee Platinum trimmed its loses by a third in the first half of its financial year and made optimistic noises about becoming a "significant player in the platinum arena".The company, which is listed on London's AIM and South Africa' AltX, cut losses before tax 34% to £1.02m in the six months to 31 December on revenue up 22% to £2.8m and gross profit up 34% to £1.3m.Costs of sales increased by only 11% to £1.44m thanks to an improvement in the performance of Jubilee's Middleburg smelter where an optimisation strategy has helped achieve a 16% reduction in unit power costs per tonne of metal output.This enabled increased sale of power to the national power grid of South Africa and have allowed the company to begin negotiations with the power utility about a possible increase in power sales from its Middleburg plant as well as a possible extension of its current short term power purchase agreement to a minimum period of three years.These negotiations are expected to be concluded in the second quarter.Jubilee generated a cash outflow of £0.25m in the period and had £0.42m cash in the bank at the period end, before raising £750,000 in February from a placing of new shares to fund the design and engineering for two chrome and a platinum group metals (PGMs) surface processing operations.Chief executive Leon Coetzer said Jubilee was "firmly focused" on the execution of the surface platinum processing projects "as we accelerate the company into a position where we are a significant producer of our own platinum group metals"."The recently reported acquisitions and agreements are transformational and will make Jubilee a significant player in the platinum arena."He hopes to bring the new projects into commercial production during 2016.
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19 Dec 2022 08:52

Jubilee Metals eyes acquisition to expand cobalt footprint in Zambia

(Alliance News) - Jubilee Metals Group PLC said on Monday it was considering to upscale the production of cobalt through the potential acquisition of refining infrastructures to expand its cobalt footprint in Zambia.

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22 Nov 2022 11:16

Jubilee Metals shares rise on key cobalt milestone at Zambia project

(Alliance News) - Jubilee Metals Group PLC on Tuesday said it has started the ramp-up of operations at the Sable Refinery site in Zambia, after successfully producing export grade cobalt product.

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9 Nov 2022 15:56

UK shareholder meetings calendar - next 7 days

Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM re proposed resolutions vote
Abcam PLCGM re approval to leave AIM on 14 December
Galliford Try Holdings PLCAGM
Ingenta PLCGM re capital allocation
Redrow PLCAGM
Monday 14 November 
DeepVerge PLCGM re conditional placing, conditional subscription and broker offer
Tuesday 15 November 
Berkeley Energia LtdAGM
Biffa PLCGM re proposed takeover by ECP
Craneware PLCAGM
Unicorn AIM VCT PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 16 November 
European Opportunities Trust  PLCAGM
Finsbury Food Group PLCAGM
GreenX Metals LtdAGM
Jubilee Metals Group PLCAGM
Litigation Capital Management LtdAGM
Marble Point Loan Financing LtdAGM
McBride PLCAGM
Petra Diamonds LtdAGM
Smiths Group PLCAGM
ThinkSmart LtdAGM
  
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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

AIM WINNERS & LOSERS: Scancell signs deal; Empire Metals seeks copper

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

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25 Oct 2022 08:39

Jubilee Metals annual profit slumps as costs rise after expansion plan

(Alliance News) - Jubilee Metals Group PLC on Tuesday reported that its annual profit declined steeply as costs ballooned following a huge capital expansion programme.

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6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

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

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5 Sep 2022 11:07

AIM WINNERS & LOSERS: Avacta gets approval; Jubilee's Roan at capacity

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

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5 Sep 2022 10:22

Jubilee Metals' Roan copper project achieves nameplate capacity

(Alliance News) - Jubilee Metals Group PLC on Monday said its newly constructed Zambian copper concentrator Project Roan has reached nameplate capacity following the successful commissioning and ramp-up of its operations.

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10 Aug 2022 16:42

Jubilee Metals reports busy six months of operations

(Sharecast News) - Africa-focussed Jubilee Metals updated the market on operations in its first half on Wednesday, having completed its £58m investment programme to diversify and expand its platinum group metals (PGM), copper and cobalt operational footprint.

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10 Aug 2022 09:47

Jubilee Metals lifts production as operational footprint expands

(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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14 Jul 2022 08:00

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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13 Jul 2022 07:47

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

Jubilee Metals Group PLC - London-based metals processing company - Expects commercial production at its Sable copper and cobalt refinery in Zambia to start next month. This refinery entered the commissioning phase last month in line with original timing expectations. It will produce up to 1,200 tonnes of cobalt a year, depending on the feed grade.

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7 Jul 2022 10:30

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

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

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13 Jun 2022 19:26

DIRECTOR DEALINGS: Jubilee Metals Non-Executive Phosa sells shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

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