Jubilee Metals expects to beat its 2023 full-year guidance for chrome production after the metals processing company’s operations exceeded its target in the latest quarter.
The company, valued at R5.7bn on the JSE, aimed for 300,000 tonnes and delivered 310,721 tonnes in the three months to end-March. And so it has delivered 944,832 of the targeted 1.2-million for the year to end-June 2022.
“Our South African operations continue to deliver a strong performance. This places our South African operations on track to meet and potentially exceed the full-year guidance.
“Our chrome operations once again exceeded its operational targets . . . and are therefore expected to exceed our full-year guidance . . . This confirms the strength of the South African operations’ integrated chrome and PGMs business model,” Jubilee CEO Leon Coetzer said on April 24.
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.