Jubilee Metals boosts production guidance after strong Q3 performance

Jubilee Metals Group has announced a positive operational update for its South African operations for the third quarter of FY2025. Chrome concentrate production increased by 10.7% to 452,561 tonnes, with year-to-date production reaching 1,427,220 tonnes, up 26.7% compared to the prior year. Consequently, the company has increased its full-year production guidance for chrome concentrate to 1.85 million tonnes, up from the prior 1.65 million tonnes. Similarly, PGM production saw a significant boost, reaching 11,171 ounces for the quarter, a 34% increase over the previous quarter. As a result, full-year PGM production guidance has been revised upwards to 38,000 ounces from 36,000 ounces. This follows the recent joint partnership agreement to process surplus PGM feedstock. Jubilee Metals' CEO, Leon Coetzer, highlighted the solid production numbers and the positive impact of the Thutse project on chrome concentrate output. The company's stock code is JSE:JBLE.