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Jubilee Metals Group ( (GB:JLP) ) just unveiled an update.
Jubilee Metals Group has announced challenges at their Roan facility in Zambia due to unplanned power outages affecting production, which may impact their ability to meet production guidance for Q2 FY2025. On a positive note, the company has extended the due diligence period for its Large Waste Project, securing improved terms for acquiring the project at a reduced total cost of $18 million, and is on track to complete due diligence by January 2025.
More about Jubilee Metals Group
Jubilee Metals Group is a diversified metals processor, specializing in the recovery of metals from unprocessed historical waste rock and other materials in South Africa and Zambia. They focus on producing chrome, copper, and platinum group metals using low-capex, modular processing facilities located near resource sites.
YTD Price Performance: -25.58%
Average Trading Volume: 8,948,831
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £144.5M
Find detailed analytics on JLP stock on TipRanks’ Stock Analysis page.
