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Print[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 |
- [Editor:tianyawei]
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