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An update from Jupiter Mines Limited ( (AU:JMS) ) is now available.
Jupiter Mines reported a solid March 2026 quarter at its Tshipi Manganese Mine, with production of 849,772 tonnes and sales of 839,989 tonnes broadly in line with full-year targets and slightly higher than the prior year. Safety performance improved with no lost-time injuries and a lower total recordable injury frequency rate, underscoring operational discipline.
Financially, Tshipi delivered EBITDA of A$32.2 million, up 49% quarter-on-quarter, as higher realised manganese prices offset surging freight and diesel costs linked to Middle East tensions. Unit FOB production costs rose 12% to US$2.50 per dmtu, largely due to a stronger South African rand, while cash fell 6% to A$129.2 million mainly after paying an interim dividend rather than weaker operations.
Mining volumes shifted towards more graded ore and reduced waste, with low-grade ore output increased early in the quarter but halted in March to maximise returns in a stronger price environment. The combination of resilient operations, firm pricing and managed energy risks supports Jupiter’s near-term cash generation, though currency moves and freight volatility remain key cost pressures for stakeholders to monitor.
The most recent analyst rating on (AU:JMS) stock is a Buy with a A$0.32 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 an ASX-listed resources company with a 49.9% beneficial interest in Tshipi é Ntle Manganese Mining, which operates the Tshipi Manganese Mine in South Africa’s Kalahari manganese field. The group’s primary business is the production and sale of high-grade and low-grade manganese ore to global steel and alloy markets, with most sales concluded on a CIF basis.
Average Trading Volume: 2,506,330
Technical Sentiment Signal: Buy
Current Market Cap: A$550.4M
Find detailed analytics on JMS stock on TipRanks’ Stock Analysis page.