Jubilee Metals, a company focused on operations in Zambia, has recently announced a significant increase in copper production for the first quarter of the 2026 financial year. The company reported a 65% rise in copper production, with a total of 938 tonnes produced compared to 568 tonnes in the previous quarter.
The majority of this increased production came from copper concentrate produced by the Roan concentrator, which processed third-party acquired ore for refining at the Sable refinery. Additionally, high-grade copper ore deliveries from the Molefe mine to Sable in September further supported production growth.
The Roan concentrator specifically produced 917 tonnes of copper contained in concentrate, benefiting from a stable power supply and reliable third-party ore quality. Following the expansion of Pit 2 at the Molefe mine, 1,122 tonnes of ore were delivered to Sable in the quarter.
Production at the Molefe mine has continued to ramp up, with the target of 3,500 tonnes of high-grade ore delivered in October and an aim for 4,500 tonnes by the end of November. The company has set a goal to deliver 8,500 tonnes of high-grade ore in the second quarter, contingent on the impact of seasonal rains.
Lower-grade ore, grading at 0.7% copper, is being stockpiled at the site, with volumes exceeding two million tonnes by the end of the quarter and growing at a rate of around 70,000 tonnes per month. Jubilee Metals also reported 215 lost-time-injury-free days during the quarter.
The company has updated its full-year 2026 copper unit production guidance to a range of 4,500–5,100 tonnes, depending on the extent of the rainy season’s impact on operations. CEO Leon Coetzer expressed optimism about the company’s future growth potential, highlighting the operational stability and growth opportunities in the copper business.
In conclusion, Jubilee Metals continues to focus on driving its copper strategy through its Three-Pillar Strategy and ensuring operational stability in Zambia. The company remains committed to increasing throughput and maintaining cost control to support future growth. This article was originally published by Mining Technology and has been rewritten for a seamless integration into a WordPress platform.
