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Jubilee Metals Group ( (GB:JLP) ) just unveiled an announcement.
Jubilee Metals Group reported a 28.7% increase in total saleable copper production to 2,177 tonnes for the nine months to 31 March 2026, driven by a more than doubling of Roan output and higher cathode production at the Sable Refinery, alongside a strong safety performance with a zero lost-time injury rate. Commissioning of the expanded dewatering facility at Roan is nearing completion, unlocking an additional fine concentrate stream that is expected to significantly boost copper cathode output, while accelerated pre-stripping and pit integration at the Molefe Mine aim to sharply increase ore deliveries from mid-2026, supporting the company’s transition to a larger, integrated mine-to-metals copper business in Zambia and prompting a review of full-year production guidance.
Jubilee said the Roan concentrator is operating at about 30,000 tonnes per month, with potential to exceed 40,000 tonnes once seasonal rains abate and commissioning of the new dewatering system is completed. At Molefe, removal of about 250,000 tonnes of pre-stripping material in April and the planned ramp-up from roughly 12,000 to more than 30,000 tonnes of ore per quarter are expected to improve feed quality and volumes to Sable, reinforcing the group’s strategy to deliver both near-term production growth and longer-term value from an expanding resource base.
The most recent analyst rating on (GB:JLP) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.
Spark’s Take on JLP Stock
According to Spark, TipRanks’ AI Analyst, JLP is a Neutral.
The score is held down primarily by the severe deterioration in recent financial performance (revenue/profit collapse and negative free cash flow). The earnings call adds modest support via disposal-related de-risking and Zambia improvement efforts, but deferred guidance and operational/financing uncertainties remain. Technical indicators and valuation are neutral-to-weak given negative momentum signals and loss-making earnings.
To see Spark’s full report on JLP stock, click here.
More about Jubilee Metals Group
Jubilee Metals Group is an integrated copper producer and resource developer operating in Zambia, focused on processing third-party copper feedstock at its Roan concentrator and refining operations at the Sable Refinery. The company is also developing its own mine-to-metals business through the Molefe Mine, positioning itself as a resource-backed, scalable copper producer in the region.
Average Trading Volume: 9,250,954
Technical Sentiment Signal: Strong Sell
Current Market Cap: £88.64M
For detailed information about JLP stock, go to TipRanks’ Stock Analysis page.