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The latest announcement is out from Jubilee Metals Group ( (GB:JLP) ).
Jubilee Metals Group has secured regulatory approval for a new power supply agreement in Zambia, enabling the restart of its Roan concentrator. The agreement ensures a stable and diversified power supply from multiple sources, reducing reliance on a single source and mitigating risks associated with local power distribution limitations. This development offers both economic and operational stability, allowing Jubilee to meet the power demands of its Roan concentrator and Sable processing plant, and is anticipated to restore copper production rates to target levels.
More about Jubilee Metals Group
Jubilee Metals Group is a low-cost, diversified producer specializing in the recovery and processing of metals from previously overlooked resources such as historical waste rock, run-of-mine materials, and tailings in Zambia and South Africa. The company focuses on copper, chrome, and platinum group metals (PGMs), utilizing low-capex, modular processing facilities to produce high-grade concentrates for sale or further refining.
YTD Price Performance: 21.62%
Average Trading Volume: 8,740,774
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £135.6M
See more data about JLP stock on TipRanks’ Stock Analysis page.
