logo-loader
viewJubilee Metals Group

Jubilee Metals’ targets higher production as Windsor project gets up and running

The South African project produced 1,346 ounces of PGM in August which had been sold to a third party refinery

Jubilee Metals Group - Jubilee Metals’ Windsor project reaches full operational status

Jubilee Metals Group PLC’s (LON:JLP) Windsor platinum group metals (PGM) project in South Africa is now fully operational.

The miner said on Thursday that the project had produced 1,346 ounces of PGM in August, its first operational month, which had then been sold to a third party refinery.

WATCH: Jubilee Metals officially has operational footprint in Zambia with Sable Zinc refinery

Looking ahead, Jubilee said it was targeting production of 2,200 saleable ounces of PGM for September, adding that “positive price movements” for the metals were further increasing the economics of the project.

Leon Coetzer, Jubilee’s chief executive, hailed the “significant milestone” for the project, adding that Windsor could potentially double its existing PGM production without any capital burden or time delay, delivering “enhanced earnings”.

In lunchtime trading, the shares jumped 5% to 2.94p.

Quick facts: Jubilee Metals Group

Price: 3.85 GBX

AIM:JLP
Market: AIM
Market Cap: £77.67 m
Follow

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 Jubilee Metals Group named herein, including the promotion by the Company of Jubilee Metals Group in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Jubilee Metals to see 'significant step-up in earnings' with Hernic deal

Jubilee Metals Group PLC (LON:JLP) CEO Leon Coetzer speaks to Proactive London's Andrew Scott following an agreement they've reached with Hernic Ferrochrome Pty Ltd to acquire 100% of the rights to earnings from the current and future tailings produced at the Hernic Project in South...

on 28/10/19

2 min read