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Jubilee Metals Group ( (GB:JLP) ) has issued an update.
Jubilee Metals Group has announced the restart of its Roan operations in Zambia, following the implementation of a new power agreement after previous outages impacted copper production. The company is focusing on processing higher-grade copper feed to enhance production and profitability. Jubilee has secured rights to 200,000 tonnes of high-grade copper material and plans to increase copper production capacity significantly. The strategic move aims to recover lost production time and improve cash flows, while also evaluating opportunities to trade surplus lower-grade stocks.
More about Jubilee Metals Group
Jubilee Metals Group Plc is a diversified metals producer specializing in the recovery and processing of metals from unprocessed historical waste rock, run-of-mine materials, and tailings in Zambia and South Africa. The company produces copper, chrome, and platinum group metals through low-capex, modular processing facilities located near these materials, offering growth and expansion opportunities in Zambia and South Africa.
YTD Price Performance: 12.16%
Average Trading Volume: 7,173,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £125.1M
For a thorough assessment of JLP stock, go to TipRanks’ Stock Analysis page.
