Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Jubilee Platinum well on track at South African platinum and chrome projects

Jubilee's mining and processing operations performed well in the second quarter of 2017
platinum
Jubilee's Hernic project produced almost as much platinum in July as it produced in the rest of the year to date

Jubilee Platinum PLC (LON:JLP) achieved design throughput at its Hernic operation in June 2017, leading on to positive earnings in July 2017.

As it stands the company’s Hernic project has produced 1,697 ounces of platinum group metals.

Meanwhile, at the Dilokong chrome mine, operational earnings attributable to Jubilee of £390,000 during the quarter come as chromite concentrate production rose by 18% to 17,659 tonnes. 

READ: Jubilee shines as it confirms Hernic is operating at full production rate

"The Hernic operation has progressed from commissioning to a fully operational business unit and has demonstrated its capability of achieving the expected design parameters,” said Jubilee chief executive Leon Coetzer.

He added that production numbers for July at Hernic are already similar to the total PGM production for the year, highlighting the rate of the ramp up.

“With commissioning concluded we continue to strive for operational excellence through continued optimisation of operational efficiencies.”

And he hinted there might be further deals on the horizon.

“We are currently reviewing a number of business opportunities both in South Africa and abroad. A number of these opportunities offer the potential to continue the Company's transformation process."

 

 

View full JLP profile View Profile

Jubilee Platinum PLC Timeline

Related Articles

Elementos: Access latest PPT from Proactive's CEO Sessions
July 27 2017
Chris Dunks discussed tin production timeline at Proactive's CEO Sessions.
Platinumingot.jpg
June 15 2017
Eurasia Mining is making significant progress with its Russian platinum projects
1510084972_canadian-flag-1.jpg
November 07 2017
Work is currently testing a large 2-D anomaly at the southeastern edge of the target called the Hamblin zone.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use