Jubilee Metals Group (GB:JLP) has released an update.
Jubilee Metals Group reports a profitable year with notable growth in chrome production and successful achievement of revised copper production targets for FY2024, despite a pullback in platinum group metals prices. Revenue surged by 20.2% to $205.4 million, driven by a 20% increase in chrome concentrate production and a 17.1% rise in copper production. The company’s strategic focus on operational expansion and resource acquisition, including the oversubscribed placing of $16.5 million, paves the way for increased copper processing capacity and future growth.
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