REG - Red Rock Resources - Jupiter Mines - Update
RNS Number : 5982XRed Rock Resources plc30 April 2019Red Rock Resources plc
("Red Rock " or the "Company")
Jupiter Mines - Update
30 April 2019
Red Rock Resources Plc, the natural resource development company with interests in gold and steel feed materials, announces that Jupiter Mines Limited ("Jupiter", ASX:JMS), an Australian public company in which Red Rock holds 18,524,914 shares (0.95%), has released preliminary financial results for the year ending 28 February 2019. The preliminary financial results are based on a draft financial report which is in the process of being audited.
Highlights
· Consolidated pretax profit +88.4% to A$192.026m
· Consolidated net profit +54.2% to A$142.187m
· Net earnings per share +67.5% to A$0.0727
· Manganese sales from Tshipi mine +5.1% to 3.51mt
· Average Manganese ore price in year US$6.00 FOB per DMTU (dry metric ton unit) [note: currently US$5.40]
· Cost of production during the year averaging ZAR 30.66 per DMTU, FOB, making Tshipi one of the lowest cost manganese producers
The full announcement can be found at: https://www.jupitermines.com/cproot/896/3/20190430%20Jupiter%20Mines%20Preliminary%20Final%20Report%2028%20February%202019.pdf
The closing price of Jupiter shares on the Australian Stock Exchange today was A$0.355, making Red Rock's holding worth A$6,576,344.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Limited
OK then…..
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCUROURKSASOAR
Recent news on Red Rock Resources
See all newsREG - Red Rock Resources - Ivory Coast - Update
AnnouncementREG - AIM - AIM Notice - 02/09/2024
AnnouncementREG - AIM - AIM Notice - 30/08/2024
AnnouncementREG - Red Rock Resources First Equity Limited - Holding(s) in Company
AnnouncementREG - Red Rock Resources - Share Subscription
Announcement