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Jubilee Metals Group Plc

Jubilee Metals spike in H1 revenues and projects soon operational

Copper ores production company Jubilee Metals Group PLC booked bumper growth in revenues and profit during the first half.

The Company’s revenue grew 75% between H2 2018 and the end of H1 2019, up to £14.36 million. Operational earnings were also up by 47% to £5.64 million during the same period.

Across its operations, the Company’s volume of chrome concentrate rose ‘significantly’ to 164,636 tonnes during H1 2019. Jubilee Metals also announced that its DCM fine chrome and Windsor chrome operations became operational, with JV PGM recovery plant for the Windsor PGM project commencing in June and its grinding circuit becoming operational in July. 

Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.