Jupiter Mines Limited Q4 Fy2020 Quarterly Activities Report

  • Tuesday, March 24, 2020
  • Source:ferro-alloys.com

  • Keywords:Manganese Ferroalloys Steel Mineral
[Fellow][Ferro-Alloys.com] Jupiter Mines Limited (ASX.JMS) (“Jupiter”, or the “Company”, and together with its subsidiaries, the “Group”) is pleased to provide the following activities report for the quarter ended 29 February 2020.

[Ferro-Alloys.com] Jupiter Mines Limited (ASX.JMS) (“Jupiter”, or the “Company”, and together with its subsidiaries, the “Group”) is pleased to provide the following activities report for the quarter ended 29 February 2020.

HIGHLIGHTS

? Tshipi exports a total of 3.4 million tonnes for FY2020.

? Under challenging market conditions, Tshipi has remained profitable.

? Expansion feasibility study underway.

? Tshipi to pay ZAR265 million dividend to its shareholders.

? Jupiter’s attributable cash $84 million (pre dividend) at end of the quarter.

? Jupiter CEO, Priyank Thapliyal to conduct conference call on quarterly results on Tuesday 24 March at 4:30pm AEDT.

TSHIPI BORWA MANGANESE MINE (100% BASIS)

Jupiter has a 49.9% beneficial interest in Tshipi é Ntle Manganese Mining Proprietary Limited (“Tshipi”), which operates the Tshipi Borwa Manganese Mine in the southern portion of the Kalahari manganese field.

Production, sales and financial information for the quarter ended 29 February 2020 and comparatives are presented below:

presented below:

 

UNIT

Q4 FY2020

Q3 FY2020

Q2 FY2020

Q1 FY2020

FY2020

Q4 FY2019

Mined volume

bcm

3,307,493

3,360,482

2,973,867

2,715,849

12,357,691

3,114,536

Production

Tonnes

874,166

764,226

890,995

880,724

3,410,111

803,927

Sales

Tonnes

811,500

867,502

892,019

837,531

3,408,552

846,404

Average CIF price achieved

(high grade lumpy)

CIF,

USD/dmtu

 

3.58

 

4.49

 

5.52

 

6.01

 

4.86

 

6.13

Average cost of production

FOB,

ZAR/dmtu

29.25

31.69

32.30

30.47

32.79

31.67

Average exchange rate

USD/ZAR 1

14.59

14.84

14.58

14.30

14.58

13.97

Average exchange rate

AUD/ZAR 1

9.93

10.11

10.06

10.07

10.04

9.86

Sales revenue

AUD million 2

100.2

142.5

185.0

199.8

628.1

221.1

Earnings before interest, tax and depreciation (“EBITDA”)

 

AUD million 2

 

29.4

 

51.9

 

101.5

 

132.1

 

315.4

 

141.2

Net profit after tax

AUD million 2

19.5

33.8

62.5

87.0

203.2

88.5

Net cash from operating activities

AUD million 2

16.9

39.3

86.3

92.3

235.3

4.7

Cash at bank

AUD million 2

109.4

98.7

114.0

143.0

109.4

54.5

The full report link download here
  • [Editor:tianyawei]

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