Jubilee Metals Group PLC (LON:JLP) moved higher on Friday after it said it has recommenced its operations in South Africa in “strict adherence” to the country’s coronavirus pandemic lockdown rules.
The metals processing firm said its Inyoni Surface platinum group metals (PGM) and chrome operation has resumed production, while it's Windsor joint venture is preparing to recommence production “shortly”.
READ: Jubilee Metals boosts earnings by 778% following big production gains, says confident of withstanding effects of coronavirus
The company said staff at both sites have been reduced to include only critical staff to maintain continuous operations, adding that it is also reviewing the situation regarding its other chrome operations that are currently on hold as a result of the coronavirus pandemic.
Meanwhile, the company said it's Zambian Kabwe operation continues to operate its copper refinery, with all other project related work on hold during this time.
Shares in Jubilee climbed 12.5% higher to 3.2p.