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Jubilee losses narrow

By BFN News | 08:36 AM | Wednesday 25 March, 2015


Jubilee Platinum's revenue increased by 22% to £2.8m in the six months to the end of December and pre-tax losses narrowed to £1.0m from £1.5m. Operating costs fell to £2.3m from £2.56m and the operating loss narrowed to £950,000 from £1.4m. Chief executive Leon Coetzer commented: "We are delighted with the continuing progressive results, both operational and financial, from our Middelburg operations. "Jubilee is firmly focussed on the execution of its surface platinum processing projects as we accelerate the Company into a position where we are a significant producer of our own platinum group metals. The recently reported acquisitions and agreements are transformational and will make Jubilee a significant player in the platinum arena. "It is expected that our new projects will be executed and in commercial production during 2016. The Jubilee mission is strengthened and supported by its ConRoast capability which is a door opener when competing for projects and provides us with multi opportunities for the rapid growth of the Jubilee Mines-to-Metal mission." At 8:36am: (LON:JLP) Jubilee Platinum PLC share price was -0.03p at 1.4p Story provided by StockMarketWire.com

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