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 Metals Group Timeline

Related Articles

1543505683_Jubilee---workers-at-Hernic.jpg
November 30 2018
Jubilee Metals will be adding significant extra production capacity in the short to medium term
1538664421_diamond-drill-350.jpg
October 04 2018
Last month, Jaxon said it had identified Backbone as a gold-bearing tourmaline breccia zone with a 1,000-metre long strike
1516878599_58441.jpg
August 08 2018
Eurasia Mining has an enviable position in Russia platinum and platinum group metals

© Proactive Investors 2018

Proactive Investors 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