leadf
logo-loader
viewJubilee Metals Group PLC
(
AIM:JLPFRA:JI5JSE:JBLOTC:JUBPF
)

Jubilee Metals' value rockets as production, cash and profits all surge higher

Snapshot

  • Jubilee Metals lifts stake in Zambia tailings projects and raises £30mln in share placing
  • Jubilee Metals latest deal is a great bit of business says broker
  • Jubilee Metals reveal details of three acquisitions in copper and cobalt tailings projects in Zambia
platinum

Quick facts: Jubilee Metals Group PLC

Follow
AIM:JLP

Price: 16.3001 GBX

Market Cap: £396.04 m

About the company

Jubilee Metals Group PLC is an industry-leading metal recovery business focussed on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations.

The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals (PGMs), chrome, lead, zinc, vanadium, copper and cobalt.

How it is doing

15 Sep 2021

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) announced three acquisitions that will see the metals processing company increase its interests in its copper and cobalt tailings projects in Zambia.

The acquisitions are worth US$24.77mln (£17.83mln) in total and to satisfy the consideration, the AIM-listed company is raising £30mln through a placing of new shares at 16.03p each.

In a statement, Jubilee said the acquisitions comprise Project Elephant (Kitwe Tailings Project), Project Roan (Ndola Tailings Project) and the Mufulira Project.

Upon completion, the company will hold a 100% interest across its integrated Southern Refining strategy, which includes the Sable copper and cobalt refinery with 14,000 tonnes a year copper capacity and Project Roan with 10,000 tonnes per annum copper concentrator.

24 Aug 2021

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

"The agreement will see Jubilee refurbish and expand some of Mopani's processing facilities currently not in use and removes the need to build a new processing facility to process the nearby tailings deposits we secured last year,” said Leon Coetzer, chief executive of Jubilee.

06 Aug 2021

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) chief executive Leon Coetzer described an exceptional performance in the six months ending June 30 2021.

Coetzer highlighted that the company saw growth in each of its core business units – platinum group metal, chrome and its copper operation in Zambia – with the latter seeing its first earnings during the period.

What the brokers say

24 Aug 2021

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) has done “a great bit of business” according to stockbroker WH Ireland, which sees a compelling investment case for the miner following its latest deal.

The company today announced it has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

Under the project, Jubilee will be able to refine the copper and cobalt concentrate produced at its Kitwe and Luanshya copper and cobalt tailings in Mopani's processing facilities.

What management says

15 Sep 2021

Leon Coetzer, chief executive of Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) (LON:JLP) joins Proactive London to explain the rationale behind three acquisitions that will see the metals processing company increase its interests in its copper and cobalt tailings projects in Zambia.

The acquisitions are worth US$24.77mln (£17.83mln) in total and to satisfy the consideration, the AIM-listed company is raising £30mln through a placing of new shares at 16.03p each.

The acquisitions comprise Project Elephant (Kitwe Tailings Project), Project Roan (Ndola Tailings Project) and the Mufulira Project.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Jubilee Metals reveal details of three acquisitions in copper and cobalt...

Leon Coetzer, chief executive of Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) (LON:JLP) joins Proactive London to explain the rationale behind three acquisitions that will see the metals processing company increase its interests in its copper and cobalt tailings projects in...

1 week, 2 days ago

3 min read