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

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  • Jubilee Metals acquires another one million tonnes of tailings on Bushveld Complex
  • Jubilee Metals Group says four-fold jump in profit ‘driven by dramatic increase in operations’
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Quick facts: Jubilee Metals Group PLC

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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.

04 Jun 2021

() acquired rights to a further 944 000 tonnes of platinum-rich tailings in the Eastern Limb of the Bushveld Complex in South Africa.

Earlier this month, Jubilee bought 255,000 tonnes of PGM-containing material in the Bushveld Complex’s Western Limb.

The AIM-listed group said it intends to start processing the material during June at a minimum rate of 30,000 tonnes per month or the equivalent of 1,600 PGM ounces.

The additional material will fully uitilise the expanded Inyoni PGM capacity prior to commissioning commencing in July 2021, said Jubilee.

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03 Jun 2021

() said it has entered into long-term PGM (platinum group metals) feed supply agreement with a chrome mining customer.

The supply agreement signals Jubilee’s PGM expansion into the Eastern Limb of the Bushveld Complex in South Africa, the metals processing company said.

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29 Apr 2021

() said the first copper concentrate for refining at Jubilee’s Sable Refinery from Project Roan has been delivered on schedule.

Project Roan is one of three locations where Jubilee plans to process copper and cobalt tailings; the others are Project Elephant 1 and Project Elephant 2.

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25 Mar 2021

‘s () Leon Coetzer talks to Proactive London’s Katie Pilbeam about their four-fold jump in interim pretax profit on higher PGM production and prices.

Coetzer says the company is ‘very thankful for the results’ which aren’t driven purely by buoyant metal prices but by ‘expansion of our operations, where we have dramatically increased our production’.

Pretax profit surged to GBP24.4mln in the six months to end December, from GBP6.6mln in the year-earlier period, as revenue more than doubled to GBP53.4mln.

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