JOHANNESBURG (miningweekly.com) – Dual-listed Jubilee Platinum is making progress with the implementation of its mine-to-metals strategy, with construction having started on its first platinum surface processing project, the Dilokong Chrome Mine.
The company on Wednesday reported that it had, in the 12 months to June 30, achieved a 45% narrowing of its loss a share from continuing operations to 0.45p, compared with the loss a share of 0.82p recorded in the prior year.
The loss a share on discontinued operations also decreased from 0.45p in 2014 to 0.10p in the period under review.
The company reported a loss for the 2015 financial year of £3.4-million, down from the loss of £5.6-million recorded the year before.
Revenue generated for the period to June 30 increased to £48 899, from £35 307 in 2014.
“Jubilee is fully focussed on bringing its platinum surface projects into operation within the near term to significantly bolster its projected revenue growth,” it said.