Jubilee Metals forecasts doubled copper production for 2026 as transition continues

JUBILEE Metals Group has forecast copper unit production for its full 2026 financial year to be within 4 500 tons to 5 100 tons, depending on the extent of the rainy season, which is more than double the 2 211t produced in the 2025 year.

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JUBILEE Metals' Inyoni is a platinum group metals and chrome recovery facility in South Africa. Jubilee is selling its chrome and platinum group metal processing facilities to One Chrome, a privately owned company, and Jthe deal was expected to complete by the end of December. I SUPPLIED

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The group that is focused on mining copper in Zambia, and is in the process of disposing of its chrome and platinum interests in South Africa, said Wednesday that earnings before interest, tax, depreciation and amortisation fell 7.1% to $27.7 million in the year to June 30, 2025, during a period of significant change as the group transitioned to focus on its copper interests.

"The financial year to end-June was one of momentous change. Very soon, the company will become a pure play copper producer, generating revenue from an exciting suite of copper growth assets situated on one of the richest copper belts on earth," CEO Leon Coetzer said in the results.