Jubilee Metals said in its interim results for the six months ended December 31 2021 that it had achieved a major milestone with the completion of its Inyoni chrome and platinum group metals (PGM) operations in South Africa.
Chief executive Leon Coetzer said: “The benefits from the completion of our Inyoni facility have been seen already and the second half of the financial year has started strongly with monthly production levels being reflective of the new facility as it reaches full design capacity.”
Jubilee’s first-half attributable earnings fell to £19.5 million (R374m), from £30.9m in the year-earlier period as a result of the planned Inyoni PGM plant operational downtime to allow for the construction and re-commissioning of the new integrated Inyoni facility.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
