Jubilee Metals reports mixed interim results amid power challenges

** Jubilee Metals Group PLC (JSE:JBLE) reported its unaudited interim financial results for the six months ended 31 December 2024 (H1 FY2025), showcasing a mixed performance. Group revenue jumped by 51.0% to US$141.5 million, driven primarily by increased chrome concentrate production. However, EBITDA decreased by 6.8% to US$13.6 million due to softer chrome prices. Zambia saw a modest 5.1% copper revenue increase to US$8.3 million, offset by a 30.6% rise in copper costs per tonne to US$5 948/t. South Africa's chrome revenue soared by 75.9% to US$114.5 million, fueled by new processing modules, while PGM revenue dipped 9.2% to US$18.8 million. Copper unit production decreased by 13.6% to 1,454t mainly due to power outages. Post-period end, Jubilee has secured additional power agreements and high-grade copper feed supply to address these challenges. The company is on track to meet full year chrome concentrate production guidance of 1.65Mt and PGM production guidance of 36 000oz.