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Jubilee sees excellent results at Hernic

By BFN News | 07:54 AM | Monday 20 November, 2017


Jubilee Platinum said the Hernic project continued to deliver excellent results with output reaching 45,596 tonnes processed for October. PGM1 ounces production increased by 22% month-on-month to 1 427 ounces and project revenue increased by 18% month-on-month to £0.76m. Project earnings increased by 47% month-on-month to £0.37m while unit cost per PGM ounce produced continued to reduce achieving $406. Chief executive Leon Coetzer said: 'The Hernic project continues to deliver excellent results as we step up the throughput during the final optimisation of the operation. 'Our October results illustrate the significant improvement in operational performance during this optimisation phase which we expect to continue over the next quarter. 'I am particularly delighted by the earnings margin that the project is already achieving with a unit cost of only USD 406 making the Hernic project one of the lowest cost PGM producers in the industry.' Story provided by StockMarketWire.com

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