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Jupiter Mines Achieves Record Sales Amidst Market Challenges

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Jupiter Mines Achieves Record Sales Amidst Market Challenges

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Jupiter Mines Limited ( (AU:JMS) ) just unveiled an announcement.

Jupiter Mines Limited reported a record-breaking year for its Tshipi Manganese Mine, achieving the highest-ever sales and mining volumes despite a decrease in production in the last quarter. The company faced a slight decline in earnings due to lower manganese prices and increased production costs, but overall, the fiscal year ended with strong sales and production records. The market saw a 4% drop in average manganese prices during the quarter, attributed to increased ore supply, which affected earnings. Despite these challenges, the company maintained a stable safety record and slightly improved freight rates.

The most recent analyst rating on (AU:JMS) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Jupiter Mines Limited stock, see the AU:JMS Stock Forecast page.

More about Jupiter Mines Limited

Jupiter Mines Limited is a company involved in the mining industry, with a significant focus on manganese production. It holds a 49.9% interest in Tshipi é Ntle Manganese Mining Proprietary Limited, which operates the Tshipi Manganese Mine located in the Kalahari manganese field.

Average Trading Volume: 5,268,727

Technical Sentiment Signal: Buy

Current Market Cap: A$431.4M

For a thorough assessment of JMS stock, go to TipRanks’ Stock Analysis page.

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