Jubilee Metals Group (LSE:JLP) has reported significant progress in the sale of its South African Chrome and PGM operations, having already secured shareholder approval and received the first tranche of $15 million. The company is now working to meet the remaining conditions for completion, including clearance from the South African Competition Commission and submission of audited accounts. Although chrome and PGM output declined due to the end of a supply contract, increased production from other sites has helped offset the impact. In addition, Jubilee reported a notable reduction in its Lost Time Frequency Injury Rate, reflecting stronger safety performance.
The company’s outlook is supported by growth potential from its Zambian copper strategy and improved operational efficiency. However, narrowing profit margins and rising leverage pose financial challenges. While recent strategic developments are positive, technical indicators suggest a cautious near-term market stance.
More about Jubilee Metals Group
Jubilee Metals Group PLC is engaged in copper production in Zambia and operates chrome and platinum group metals (PGM) projects in South Africa. Its portfolio includes the production of chrome concentrate and PGMs such as platinum, palladium, rhodium, ruthenium, iridium, and gold, positioning the company as a diversified metals producer with exposure to key industrial and precious metal markets.
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