Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.

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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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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: 0.24 (3.26%)
Spread: 0.20 (2.667%)
Open: 7.60
High: 7.60
Low: 7.60
Prev. Close: 7.36
JLP Live PriceLast checked at -

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Sector movers: Precious metal miners fall as gold sinks after FOMC

Thu, 18th Sep 2014 14:11

Heavy falls in the prices of gold and silver saw precious metal miners drop on Thursday after the Federal Reserve lifted its outlook for interest rates.While the Federal Open Market Committee on Wednesday maintained its pledge to keep short-term interest rates near zero for a "considerable time" after quantitative easing ends, policymakers lifted their interest-rate projections for 2015 and 2016 slightly.The move sent the US dollar to a six-year high against the yen and was on track to reach its highest close in four years, according to the Bloomberg Dollar Spot Index which tracks it against 10 major currencies.Dollar-denominated gold often moves inversely to the price of the greenback as the commodity becomes more costly for holders of other currencies."Gold has taken another dive [...] after the US Fed increased its interest rate projections, spurring USD gains which made the safe haven more expensive," explained Mike van Dulken from Accendo Markets.As such, bullion was trading at an eight-month low on Thursday, falling as low as $1,216.60 an ounce - its lowest since 6 January. As of 14:12, futures for December delivery in New York were down 1.2% at $1,221 an ounce.The price of silver dropped 1.8% to $18.40 an ounce, its lowest since June 2013.Mali-focused gold miner Randgold Resources and Mexican gold and silver producer Fresnillo were among the worst performers on the FTSE 100 in afternoon trade. Polymetal, Centamin and African Barrick Gold were also unwanted on the FTSE 250.Not even the news of another surprise stimulus measure in China was enough to give the miners a lift, despite the country being the world's top consumer of metals.The People's Bank of China had cut the 14-day 'repo' rate - one of the short-term financing channels for banks - as Beijing continues to attempt to avert a slowdown in the world's second-largest economy. The central bank on Wednesday injected $81bn into China's five-largest banks to boost liquidity.Platinum prices were also firmly lower on Thursday, down 0.5% at $1,346.63 an ounce, sending shares in Lonmin, Aquarius Platinum, Jubilee Platinum and Sylvania Platinum into the red. Top performing sectors so far todayIndustrial Metals & Mining 1,507.89 +1.98%Mobile Telecommunications 4,592.92 +1.38%Fixed Line Telecommunications 4,494.30 +1.17%General Industrials 4,153.25 +1.15%Automobiles & Parts 8,042.95 +1.12%Bottom performing sectors so far todayMining 16,754.67 -0.49%Personal Goods 24,279.80 -0.44%Beverages 14,373.22 -0.24%Gas, Water & Multiutilities 6,082.68 -0.16%Electronic & Electrical Equipment 3,703.25 -0.15%
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18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

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18 Apr 2024 10:49

AIM WINNERS & LOSERS: Surgical Innovations up as revenue jumps

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

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18 Apr 2024 08:11

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

LONDON BROKER RATINGS: Barclays cuts Direct Line to equal weight

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

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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

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

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

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5 Jan 2024 08:57

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

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

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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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27 Dec 2023 15:53

UK shareholder meetings calendar - next 7 days

Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
Eco Atlantic Oil & Gas LtdAGM
Genedrive PLCAGM
Goldplat PLCAGM
Lansdowne Oil & Gas PLCGM re capital raise
Marula Mining PLCAGM
Microsaic Systems PLCGM re fundraise
Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
Monday 1 January 
no events scheduled 
Tuesday 2 January 
no events scheduled 
Wednesday 3 January 
Jubilee Metals Group PLCGM re equity raise
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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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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