Jubilee Metals Group ( (GB:JLP) ) has provided an update.
Jubilee Metals Group Plc has announced the commencement of processing high-grade copper feed material at its Roan concentrator in Zambia. The new feed material, with grades exceeding 1.6% Cu, is expected to significantly increase copper production, aligning with the company’s accelerated production plan to recover lost output. Jubilee has secured rights to an initial 200,000 tonnes of this high-grade material, with potential for a long-term supply, strengthening its market position and operational capacity in the copper industry.
More about Jubilee Metals Group
Jubilee Metals Group Plc is a diversified metals producer operating in South Africa and Zambia. The company specializes in the recovery and processing of metals from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials, and tailings. Jubilee focuses on producing high-grade concentrates for sale or further refining, with a current production portfolio that includes copper, chrome, and platinum group metals (PGMs). The company’s low-capex, modular processing facilities enable rapid expansion and operational growth.
YTD Price Performance: 4.05%
Average Trading Volume: 5,472,755
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £118M
See more data about JLP stock on TipRanks’ Stock Analysis page.