Jupiter Mines Strong Sales Amid Rising Manganese Prices

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

Jupiter Mines Limited reports a robust final quarter for FY2024, with Tshipi manganese mine sales surging to 1.06 million tonnes, a 35% increase from the previous quarter, despite a slight decrease in production compared to the prior year. The firm capitalized on favorable market conditions, including a 56% rise in spot manganese ore prices due to a competitor’s mine closure. However, increased profitability led to higher production costs, primarily due to escalated royalty rates.

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