Aim- and AltX-listed Jubilee Metals Group has reported a strong operational performance from its South African platinum group metals (PGMs) and chrome operations for the financial year ended June 30, saying this reflects the company’s ability to successfully navigate power and infrastructure challenges in the country.
“I am pleased to report record production figures for the year across our entire PGM, chrome and copper operations despite numerous external power and water challenges. These numbers reflect a continued investment strategy in expansion opportunities across our business, which we believe will continue to bear fruit in the short and medium term,” comments CEO Leon Coetzer.
Jubilee’s PGMs output increased by 2% year-on-year to 42 474 oz, exceeding guidance of 38 000 oz, while chrome production increased by 7% year-on-year to 1.29-million tonnes, also exceeding guidance of 1.2-million tonnes.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
