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Jupiter Mines’ Tshipi Unit Boosts Output as Manganese Prices Firm but EBITDA Slips

Story Highlights
  • Tshipi increased manganese sales and high-grade output while slightly reducing unit production costs.
  • Stronger manganese prices and rising spot levels were offset by FX impacts and taxes, lowering EBITDA and cash.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Jupiter Mines’ Tshipi Unit Boosts Output as Manganese Prices Firm but EBITDA Slips

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The latest announcement is out from Jupiter Mines Limited ( (AU:JMS) ).

In the December 2025 quarter, Jupiter Mines’ Tshipi operation lifted sales to 867,619 tonnes and production to 840,688 tonnes, with high‑grade output up 10% on the prior quarter and costs edging down to US$2.24 per dmtu FOB, despite headwinds from a stronger South African rand and higher logistics and overheads. Average realised manganese prices improved to US$4.10/dmtu CIF on stronger Chinese consumption and seasonal restocking, and spot prices continued to firm into January 2026, but Tshipi’s quarterly EBITDA fell 19% to A$21.6m and cash slipped 2% to A$137.4m, largely due to foreign exchange movements and half‑year tax and royalty payments, while safety performance deteriorated slightly with two lost-time injuries pushing TRIFR to 0.56.

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 core business is the production and sale of manganese ore, primarily high-grade material, into global steel-related markets, with a strong exposure to Chinese demand and seaborne CIF trade.

Average Trading Volume: 3,035,525

Technical Sentiment Signal: Buy

Current Market Cap: A$550.4M

See more data about JMS stock on TipRanks’ Stock Analysis page.

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