Jubilee Platinum narrows annual losses as revenues rise
27th Sep 2013 15:43
Jubilee Platinum narrowed its annual losses after achieving a 28 per cent jump in revenue to 4.8m pounds. In the year to end of June, the group's gross profit surged 864% to £1.9m from the prior year's £0.2m, driven by electricity sales and sustainable reduction in operational overheads at its RST
Read moreJubilee defers payment date for non-core asset disposal
19th Jun 2013 08:41
AIM-listed mine-to-metals specialist Jubilee Platinum has given an extension to Global Renewal Energy (GRE) for the second payment due on its disposal of two of non-core assets. The deferral relates to a sale of shares agreement with GRE earlier this year through which it would acquire the issued s
Read moreJubilee Platinum jumps on disposal of non-core asset
28th May 2013 09:59
Jubilee Platinum, the AIM-listed and JSE-listed mine-to-metals specialist, has concluded a sale of shares agreement with Global Renewal Energy (GRE), through which GRE will acquire from Jubilee, inter alia, the issued share capital of Jubilee Smelting and Refining (Pty) (JSR), a wholly-owned subsidi
Read moreJubilee Platinum's revenues and profits grow in first quarter
22nd May 2013 10:32
Jubilee Platinum said unaudited revenue in the first three months of the year was 32 per cent higher than the previous quarter as the company achieved growing rates of power sales. Revenue from smelting and refining operations came to 16.4m South African Rand (ZAR) while unaudited gross profit also
Read moreSpectris director buys 3,000 shares
25th Apr 2013 16:23
Martha Wyrsch, a Non-Executive Director of Spectris, the FTSE 250 instrumentation and controls company, has purchased her first set of shares in the company. Wyrsch, who took up the role in June last year, acquired 3,000 shares at 2,029.00p each for a total value of £60,870. The transaction was m
Read moreJubilee Platinum to acquire Platinum Australia
25th Feb 2013 09:27
Jubilee Platinum said Monday it has executed transactional agreements to acquire Platinum Australia (PLA). Under the deal, PLA shareholders will be offered one Jubilee share for every 2.593 PLA shares held. The transaction will pool together assets to form an enlarged group with a stronger portfol
Read moreJubilee Platinum applies for listing of 7.68m shares
25th Jan 2013 13:40
Jubilee Platinum, a mine-to-metal specialist, has applied for the listing of 6.188m shares as consideration for the purchase of further shares in Jubilee subsidiary Power Alt. As such, Jubilee's holding in Power Alt will increase by 9.5% to 68.1%. It has also applied for the application of 907,27
Read moreProposed transaction paves way for Jubilee to reinstate operations at Phokothaba
16th Jan 2013 13:25
Exploration and development company Jubilee Platinum will secure the terms of a funding package to reinstate operations at the near surface Phokothaba Mine, under a proposed transaction with Platinum Australia, the mining company disclosed in a statement today. Further to an announcement made on De
Read moreJubilee Platinum new equity issue to commence trading on Thursday
15th Jan 2013 11:16
Mine-to-metal specialist Jubilee Platinum expects that its recent issue of equity will be admitted to trading on AIM and the JSE on January 17th. The news follows Jubilee's announcement on January 10th that it would issue 15,757,576 ordinary shares under a SEDA Advance. The group further announced
Read moreJubilee deal accelerates platinum project, saves eight million pounds
14th Dec 2012 09:42
AIM-listed mine-to-metal specialist Jubilee Platinum has concluded a toll processing agreement with Phokothaba, a subsidiary of Platinum Australia, enabling it to process Dilokong Chrome Mine Tailings at Phokothaba's Smokey Hills Mine concentrator in South Africa. The agreement, allowing the compan
Read moreResources round-up: Beowulf, Jubilee Platinum, Richland Resources
17th Oct 2012 14:08
Beowulf, the Sweden-focused mineral exploration company, jumped 10% after it said latest assay results from its completed drill programme at its Kallak North mine were "most encouraging". The results included indications of further high grade iron mineralisation on the southerly extension of the dep
Read moreResources round-up: Berkeley Mining, Victoria Oil and Gas, EMED Mining
9th Jul 2012 09:15
Berkeley Mining Resources dropped 8% after it failed to complete due diligence on two copper tailing clusters at Chingola in Zambia. The company recently signed an agreement on one site in the area and investors had hoped a deal on the other two would be forthcoming. Berkeley said it continued to n
Read moreResources round-up: Valiant, Horizonte, Enegi Oil...
13th Jun 2012 14:32
Valiant Petroleum, an AIM-listed company which operates in the North Sea, has begun drilling on the Tryfan prospect, which has gross prospective resources estimated internally by Valiant of 24m barrels of oil equivalent (mmboe), of which eight million are net to Valiant. Drilling on the well, which
Read moreResources round-up: President Petroleum, Jubilee Platinum and Touchstone Gold
29th Mar 2012 14:32
President Petroleum has posted successful results from the DP-1001 well in the Dos Puntitas field, saying preliminary evaluation demonstrates that the well has been very successful and substantially above expectations. The oil column is substantially longer than expected and the log demonstrates a g
Read moreResource stocks round-up: Faroe, Edenville, Jubilee ...
27th Mar 2012 09:12
Faroe Patroleum hailed a 'truly exceptional year' for the company as it charged back into the black with pre-tax profits of £14.3m. This was a dramatic improvement on the £26m loss the year before. The company put the result down to a dramatic boost to production, proven reserves and cash flow, toge
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