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

Reuters

01-31

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

** 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;))

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