Jupiter Mines Foresees Profit Spike Amid Rising Manganese Prices

Jupiter Mines Limited (AU:JMS) has released an update.

Jupiter Mines Limited reports that its Tshipi Manganese Mine’s Q3 production and sales were in line with yearly expectations despite a slight increase in production costs and a decrease in production volume from the previous quarter. The company anticipates a favorable impact on revenue from June 2024 due to a sharp rise in manganese ore prices following supply disruptions caused by a cyclone at a major Australian mine. This price surge is only slightly above the six-year average, but significant given its impact on the company’s potential EBITDA.

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