Australia's Jupiter Mines set for best month in eight on improved earnings

Jupiter Mines

31/01/2025 03:29

** Shares of manganese producer Jupiter Mines  JMS.AX  rise
6.9% to A$0.1550, their highest level since Dec. 2, 2024
    ** Stock set for best month since May 2024
    ** JMS's 49.9%-owned South African mining unit, Tshipi,
reported 28% growth in Q2 EBITDA on previous quarter
    ** Combination of lower logistics costs, overheads and a
foreign exchange gain in Q2 offset lower manganese prices and
volumes compared to the previous quarter - co
    ** 6.2 million shares change hands on Friday, 1.8 times the
30-day average of 3.4 million 
    ** Stock rises 6.9% this month, including current session 

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))