(NewsDirect)
Jubilee Metals Group (AIM:JLP, JSE:JBL,OTC:JUBPF) CEO Leon Coetzer shares insights into the company'spositive performance in the first half of the year in an interviewwith Proactive's Stephen Gunnion.
Despite pressure on platinum group metals (PGM) prices, JubileeMetals experienced a robust operational and financial performance.Coetzer attributed this to a strategic shift towards focusing onchrome and copper production in South Africa and Zambia,respectively.
The company has seensignificant growth in operational output and an increase in the marginper tonne of chrome. Copper production is also on the rise, with theRoan concentrator upgrade expected to significantly boost copperoutput.
Coetzer said Jubilee Metalsremained profitable due to its diversified portfolio in criticalmetals and is well-positioned to benefit from any recovery in PGMprices. Coetzer highlighted a 47% increase in copper cathode andconcentrate production over the half-year and discussed the impact ofthe Roan concentrator, which is expected to more than double currentproduction.
Additionally, apartnership with International Resources Holding (IRH) from Abu Dhabiaims to further expand copper production in Zambia by leveraging thecompany's processing capabilities to target underutilizedresources.
The company's balancesheet is healthy, bolstered by a £13 million oversubscribed capitalraise in January. Coetzer noted that Jubilee Metals' operations inSouth Africa are self-funding and cash flow positive, allowing forreinvestment into the company's growth. The strategic use ofmodular plant rollouts in Zambia is expected to follow a similarfinancially positive trajectory.
ContactDetails
Proactive UK Ltd
+44 20 7989 0813
Copyright (c) 2024 TheNewswire - All rights reserved.