16th Apr 2025 08:44
Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Describes its production performance in the nine months that ended March 31 as "solid". Chrome output rises 27% to 1.4 million tonnes from 1.1 million tonnes a year before. Chrome production is up 11% to 452,561 tonnes for the third quarter alone from 408,710 tonnes a year before. In response, Jubilee revises up its production guidance for the financial year ending June 30 to 1.85 million tonnes from the 1.65 million forecast previously.
Platinum group metals production is up 3.6% to 29,606 ounces for nine months from 28,583 ounces a year before. For the third quarter alone, PGM output rises 34% to 11,171 ounces from 8,339. Raises its annual PGM production guidance to 38,000 ounces from 36,000.
Current share price in London: 3.36 pence, up 8.4% early Wednesday
12-month change: down 53%
Current share price in Johannesburg: 87 rand cents, up 8.8%
12-month change: down 49%
By Artwell Dlamini, Alliance News reporter
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