Jubilee Metals

For FY2023, revenue from operations increased by 1% to £142 million, driven by growth in US$ chrome revenue offsetting a decrease in PGM revenue. Gross profit fell to £31 million from £45 million in FY2022 due to lower average PGM basket prices, an 11% rise in US$ operating costs per PGM ounce, initial chrome margin reduction due to power constraints (later addressed with backup systems), and a 19% decrease in copper revenue per tonne. Earnings per share dropped by 35% to 0.48 pence.
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