An announcement from Jubilee Metals Group ( (GB:JLP) ) is now available.
Jubilee Metals Group reported a 51% increase in group revenue to $141.5 million for the six months ending December 2024, driven by higher chrome production. However, EBITDA fell by 6.8% due to softer chrome prices. In Zambia, copper revenue rose slightly, but profits were impacted by power outages and increased costs. In South Africa, chrome revenue surged by 75.9% due to new processing modules, while PGM revenue declined due to a strategic focus on chrome. The company is addressing power issues in Zambia with new agreements and is optimistic about future copper production with high-grade feed material. The South African operations are on track to meet chrome and PGM production targets for FY2025.
More about Jubilee Metals Group
Jubilee Metals Group PLC is a diversified metals processor operating primarily in Africa, with copper operations in Zambia and chrome and PGM operations in South Africa. The company focuses on the production of metals such as copper, chrome, and platinum group metals (PGMs).
YTD Price Performance: 2.70%
Average Trading Volume: 5,316,950
Technical Sentiment Signal: Buy
Current Market Cap: £116.5M
See more data about JLP stock on TipRanks’ Stock Analysis page.