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Jubilee’s March performance
IN its quarterly report to the stock exchange, Jubilee Mines released solid production data and encouraging drilling results at its Cosmos nickel deposits near Leinster. During the March quarter, Jubilee produced 11,533 tonnes of nickel concentrate, with total mining costs at $4.51 per payable tonne of nickel. The company added that costs were on-track to stay within budgeted forecasts. Jubilee said that it was in a position to deliver a generous fully franked final dividend for this financial year in line with the company’s strong financial position that includes $117.6 million in cash and receivables with no debt. Jubilee shares closed over 2 per cent higher on the news.
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Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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