Jubilee Metals Group has restarted its Roan operations in Zambia following a new power agreement. The company focuses on processing high-grade copper to increase production and profitability, having secured rights to 200,000 tonnes of material. This strategic effort aims to recover lost production time and improve cash flow while seeking to trade surplus lower-grade ores.
Jubilee Metals Group has announced the resumption of operations at its Roan facility in Zambia due to a revised power agreement that addresses prior supply disruptions impacting copper production. The company intends to enhance profitability by processing higher-grade copper feed, securing rights to 200,000 tonnes of premium copper material. This initiative is part of its strategy to recover lost output and strengthen cash flow while exploring the potential for trading surplus lower-grade materials.
Jubilee Metals Group Plc operates as a diversified metals producer focusing on recovering and processing metals from historical waste rock and tailings in Zambia and South Africa. Its production portfolio includes copper, chrome, and platinum group metals, leveraging low-capital expenditure, modular processing facilities for efficient operations and growth. The restart of the Roan operations plays a pivotal role in enhancing production capabilities within a challenging market.
Jubilee Metals Group is strategically resuming operations in Zambia while securing high-grade copper sources and addressing previous production halts. This move aims to boost production and profitability while exploring additional trading opportunities. With a strong market cap and positive sentiment, Jubilee is well-positioned for growth in the copper sector.
Original Source: www.tipranks.com
