Jubilee Metals Group, a leader in diversified metals processing, with operations in Africa announces its six-month operations update for the period ending 31 December 2022 (H1 FY2023).
The Company has delivered operational performance broadly in-line with management’s expected earnings and revenue targets for H1 FY2023, mainly supported by the performance of its PGM operations which largely buffered the impact of the power and water infrastructural challenges faced in Zambia which have since been addressed.
The Company’s newly expanded Inyoni Facility continued to perform, delivering 18 208 PGM ounces for the six-months to December 2022 (100% from own operations) despite increased power outages experienced at the Company’s South African operations.
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.