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Jupiter Mines Limited. (ASX:JMS)

ALERT: Price-sensitive ASX Announcement for JMS
Current share price for JMS : $0.270 0 (0%)+
Announcement
Release
30 Apr 2026 8:37AM
Price at Release
$0.270
Full Release
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Summary
Jupiter Mines Limited's quarterly activities report for Q3 FY2026 highlights continued strong performance in line with expectations. The Tshipi Manganese Mine, in which Jupiter holds a 49.9% stake, reported an EBITDA of A$32.2 million, up 49% from the previous quarter, due to higher manganese prices. Net profit after tax reached A$21.0 million. While high-grade ore production slightly decreased, low-grade ore production increased significantly before being halted in March 2026. Despite a cost of production increase driven by a stronger South African Rand, manganese prices offset these higher costs. Sales volumes slightly decreased quarter-on-quarter but showed an annual increase, and no lost time injuries were reported.
Key Points
  • Jupiter Mines Limited (JMS) holds a 49.9% interest in Tshipi Manganese Mine.
  • Tshipi recorded an EBITDA of A$32.2 million, a 49% increase from the previous quarter.
  • Net profit after tax (NPAT) for the quarter was A$21.0 million.
  • Production of high-grade manganese ore decreased by 2% to 707,355 tonnes.
  • Low-grade ore production increased by 21%, but was ceased in March 2026.
  • Average FOB cost of production increased by 12% to US$2.50 per dmtu.
  • Sales volumes decreased by 3% quarter-on-quarter but increased 8% year-on-year.
  • No lost time injuries were recorded; TRIFR improved to 0.37.
  • Manganese prices increased, compensating for higher costs due to the Middle East conflict.
  • The South African Rand strengthened against the US dollar during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.