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Jubilee Metals reports 65% increase in copper production
Yahoo Finance· 2025-11-21 14:52
Core Viewpoint - Jubilee Metals has reported a significant 65% increase in copper production for Q1 FY2026, indicating strong operational performance and growth potential in the copper sector [1][6]. Production Performance - Copper production reached 938 tonnes in Q1 FY2026, up from 568 tonnes in Q4 FY2025, primarily driven by the Roan concentrator processing third-party ore [1][2]. - The Roan concentrator produced 917 tonnes of copper contained in concentrate, benefiting from stable power supply and reliable ore quality [2]. - The Molefe mine delivered 1,122 tonnes of ore to the Sable refinery during the quarter, with production ramping up to meet targets of 3,500 tonnes in October and aiming for 4,500 tonnes by the end of November [2]. Future Production Guidance - Jubilee Metals has updated its full-year 2026 copper unit production guidance to a range of 4,500 to 5,100 tonnes, contingent on the impact of seasonal rains [3]. - The company aims to deliver 8,500 tonnes of high-grade ore in Q2 FY2026, subject to weather conditions [2][3]. Operational Stability and Strategy - The CEO highlighted that both Roan and Sable processing plants are fully operational, and the Molefe mine is expanding successfully, indicating a stabilizing copper business ahead of a new growth phase [4]. - The company is focused on driving its copper strategy through a Three-Pillar Strategy, emphasizing stability in operations, including feed rate, yields, and cost control [5].