Jubilee Metals Group (JLP): FY2026 copper guidance
This situation live
JLP Jubilee Metals Group
31 Mar 2026 · Guidance range under review · −9% until the next step
Copper production guidance for FY2026 in the range of 4 500t to 5 100t (FY2025 production: 2 211t) is under review to determine the extent of the impact of the below short-term factors:
6 May 2026 · Guidance still under review · +1% until the next step
The Company expects to provide a further update on guidance following confirmation by the contracted consulting firm of progress with the expansion programme at Molefe Mine as well as the expanded con
FY2026 copper guidance
Still under review
Next: Guidance update once steady-state Roan and Sable performance is shown
Every step · 3
- 31 Mar 2026 Guidance range under review – Copper production guidance for FY2026 in the range of 4 500t to 5 100t (FY2025 production: 2 211t) is under review to determine the extent of the impact of... ↗
- 6 May 2026 Guidance still under review – The Company expects to provide a further update on guidance following confirmation by the contracted consulting firm of progress with the expansion... ↗
- 4 Jun 2026 Still under review – The Company expects to provide a further update on copper production guidance once steady-state operational performance has been demonstrated consistently... ↗
What is happening
Jubilee Metals Group: FY2026 copper guidance – Still under review. ['Still under review']
- In short
- FY2026 copper guidance of 4 500-5 100t was revised in November, held in February and put under review on 31 March 2026. The 6 May update kept it under review. On 4 June the company said May output was hit by the planned maintenance shutdown and that the guidance update waits for steady-state performance across Roan and Sable. June is the test month.
- Announced
- 31 Mar 2026 · Guidance range under review
- Latest
- 4 Jun 2026 · Still under review
- Guidance range
- 4 500t to 5 100t copper, under review
- H1 FY2026 output
- 1 543t saleable Cu units; Q2 605t vs Q1 938t
- Named factors
- Molefe mine plan and stripping; Roan dewatering delay
- Next milestone
- Investor presentation 7 April 2026
- Guidance
- 4 500t to 5 100t copper, under review
- 9m output
- 2 177t saleable Cu units to 31 March 2026
- Next step
- Update once steady-state performance is shown across Roan and Sable
- May output
- Impacted by planned annual maintenance shutdown at Roan
What comes next
Guidance update once steady-state Roan and Sable performance is shown.
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Also at Jubilee Metals Group 3 open
Disposal of a part (break-up)Large Waste Project – Legal DD complete; 45-day technical DD begins
Project milestonesMolefe mine ramp-up – Commissioning complete; fine-tuning for stable operation
Capital returnCapital reduction and shareholder distributions – Shareholder consultation; legal process being scoped
Disposal of a part (break-up)Sale of SA Chrome and PGM – Completed; second instalment due shortly · closed
Jubilee Metals Group – company page →