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Jubilee sees Q3 production increase

21st October 2016

By: Anine Kilian

Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Chromite concentrate production at dual-listed Jubilee Platinum’s Dilokong chrome mine project is up 88.04% to 28 559 t for the third quarter.

The company announced on Friday that project revenue generated from chromite concentrate sales was up 108.22% to R37.36-million – a 95.23% increase for the quarter.

Earnings attributable to Jubilee from chromite concentrate production for the third quarter were up 94.73% to R15.89-million.

“The operating results are very satisfactory and show increasing performance quarter-on-quarter, which is reflected in our financial performance,” noted CEO Leon Coetzer.

Construction of the 660 000 t/y platinum and chromite processing Hernic project is on schedule and will be commissioned in December.

Edited by Samantha Herbst
Creamer Media Deputy Editor

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