Company
Tharisa PLC
LON:THS
Tharisa PLC is an integrated resource group critical to the energy transition and decarbonisation of economies. The company incorporates exploration, mining, processing and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers.
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Tharisa battens down hatches as platinum falls out of favour
Performance was resilient given challenges, said CEO
Tharisa says Karo first concrete poured with metal testing underway
Andrew Henwood was appointed as financial director on 5 June
Tharisa sees first half helped by buoyant chrome price
“Despite the headwinds we experienced in the half-year, we nevertheless managed a healthy EBITDA margin," the company said
Tharisa gets repeat 'Buy' rating with a 245p price target by Peel Hunt after trading update
The City broker's analysts said: "We believe the headline EPS coming in well ahead of our estimates shows the underlying strength of the Tharisa business"
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Tharisa announces opening of a fixed income note offer by its Karo Mining subsidiary to raise US$50mln
The offering will be listed by way of introduction on the Victoria Falls Stock Exchange (VFEX) and the proceeds from the bond will be applied to part fund the Karo Platinum Project
Tharisa cash flow impressive, says Peel Hunt
"Mining operations continue running well, with stripping remaining ahead of plan," the Peel Hunt analysts said
Tharisa on track for 'strong set of financial numbers'
Production of both chrome and platinum increased over the year
Tharisa to hit recoveries target by year end – Peel Hunt
“PGM production is tracking to hit or even slightly exceed the upper end of guidance," said stockbroker Peel Hunt.
Tharisa trims chrome guidance, retains view on platinum
It maintained its full-year guidance for PGMs at 165,000-175,000 ounces
Tharisa first half ahead of expectations, says Peel Hunt
Lower site cash costs offset lower-than-expected revenues
Tharisa expects earnings per share growth
EPS is expected to be between US$32 and $33 per share
Tharisa kept on a buy recommendation from Berenberg on expected stable performance
Grades for platinum group metals were in line with estimates, as well as production
Tharisa heading for strong second half, predicts Peel Hunt
High chrome and PGM prices are helping the South-Africa-based miner
Tharisa reports lower output in second quarter but higher metal prices
On a half year comparable basis to 2021, PGM and chrome concentrates production increased by 22.2% and 6.3% respectively
Tharisa names managing director for Karo Mining
Bernard Pryor has over 35 years' experience in the mining industry and was previously the chief executive of Alufer Mining
Tharisa takes control of Karo PGM project in Zimbabwe in all-share deal
“With the challenges and uncertainty to the supply chain of these vital precious metals, a new short dated source of primarily platinum and palladium metals is a significant risk mitigant for global users and provides security and certainty
Tharisa starts testing 3 Liebherr mining machines to help it reduce carbon emissions
The two mining trucks and the dozer will be fully stress-tested under operational conditions for 18 months
Tharisa simplifies BEE interests in new equities deal
BEE stakeholders will benefit from Tharisa’s growth strategy, broadening their exposure to beyond the Tharisa Mine, the company said.
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Tharisa's platinum mine to be run on solar power under new agreement
This is one of the first practical steps since the company said it planned to reduce carbon emissions 30% by 2030 and become carbon net neutral by 2050
Tharisa makes 'great start' to financial year
"A great start to our new financial year, which will see the company transform further with the developments at our flagship asset," said chief executive Phoevos Pouroulis.
Tharisa earnings double after 'stand out performance on all levels'
Platinum production rose by 11% to 157,800oz, with chrome concentrate output up by 12.7% to 1.51Mt.
Tharisa earnings to more than double in full year
Operational improvements, higher PGM basket prices and improved chrome concentrate prices have helped
Tharisa upgraded on pit extension plans
“In addition to this, the company has a range of growth options that we think will become more of a feature in the story"
Tharisa maintained at ‘buy’ recommendation from broker
Peel Hunt says the extended deadlines for investment will provide a buffer
Tharisa extends open pit production from Tharisa mine to 2041 under revised life-of-mine schedule
Work on entrances for underground mining to take place while open pit mining continues
Tharisa buoyed by production record and good prices
The platinum and chrome miner maintained its impressive safety record
Tharisa hails record quarter at South African mine
For the current year, PGM output will rise to between 165,000-175,000oz and chrome to between 1.75-1.85Mt
Tharisa starts cold commissioning of Vulcan ultra-fine chrome recovery and beneficiation plant
The Bushveld Complex is home to more than 70% of the world’s platinum and chrome resources
Tharisa pledges to slash emissions and produce metals key to greener economies
“The world faces an enormous challenge to decarbonise rapidly and Tharisa will do its part to achieve carbon neutrality by 2050,” said chief executive Phoevos Pouroulis
Berenberg sets 190p price target for Tharisa PLC, following third quarter results
Tharisa produces chrome and platinum group metals in South Africa
Tharisa reports record-breaking quarter
Record mining and processing rates were supported by strong PGM and chrome prices
Tharisa says growth strategy remains on track
Steady improvements in mined and processed tonnes allied to a recovery in metal prices saw Tharisa put in a storming first-half performance
Tharisa sees six-fold leap in earnings per share for half year
Basic earnings per share and headline earnings per share are expected to be between 21 US cents and 22 US cents per share
Tharisa further expands into Zimbabwe with Salene Chrome acquisition
Salene Chrome is a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe
High PGM prices make Tharisa PLC a cash machine, says Peel Hunt
Tharisa has been building a track record of successful PGM and chrome production from its South African operations
Tharisa ups production, benefits from strong platinum group metals prices
Tharisa has a long track record of successful PGM production from its South African projects
Tharisa on a firm footing as chrome prices harden
Demand for platinum group metals remains "extremely robust"
Tharisa extends option to acquire 90% shareholding in Salene Chrome Zimbabwe to 31 March 2021
Tharisa benefited from stronger platinum group metals prices at its last set of results
Tharisa confirms another strong quarter for production
"The first quarter provided a solid platform for Tharisa to meet its production guidance for the current financial year," said chief executive Phoevos Pouroulis
Tharisa holds firm as dual product model enables steady development of projects
Tharisa's commodity mix allows for increased exposure to palladium and other PGMs
Tharisa delivers bumper results, supported by strong PGM price and robust production performance
Tharisa expects production to increase during the coming year
Tharisa likely to deliver 300% boost to earnings in results to be released shortly
Tharisa's operations in South Africa have been performing well
Tharisa boasts further growth and resilience
“Our flagship Tharisa Mine delivered significant operational improvements following the investment in our assets," said Phoevos Pouroulis, Tharisa chief executive
Tharisa reports higher quarterly production as PGM sales return to pre-pandemic levels
The company also reintroduced revised production guidance for its 2020 financial year, forecasting 130-135koz and 1.25-1.3mln tonnes of chrome concentrates
Tharisa PLC now operating chrome and PGM mines at full capacity, and enjoying renewed commodity price strength
Tharisa has a plenty of expertise in chrome and PGM production
Tharisa sees first-half profits surge as PGM prices rocket
Pre-tax profit in the six months to the end of March rose by 72% to S$17.5mln, up from US$10.2mln the year before.
Tharisa describes strong prior quarter, says 'reduced' mining continues amid South Africa lockdown
“Tharisa is a significant producer of chemical and foundry grade chrome concentrates which are used in a number of essential industries"
Tharisa goes on care-and-maintenance as South Africa enters 21-day lockdown
Tharisa previously said it would aim to restart production on the morning of 17 April
Tharisa will put operations on care and maintenance on 26 March, in line with South African government directives
Tharisa has extensive platinum, palladium and chrome production in South Africa
Tharisa’s PGM basket price is running at nearly US$2,300 per ounce, and that could lead to a significant re-rating
Tharisa has a production mix of platinum group metals and chrome
Tharisa not likely to be a wallflower for much longer, as PGM basket price soars
Tharisa produces platinum group metals and chrome from its mine in South Africa
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Tharisa “one of the few ways” to gain exposure to strong PGM prices, says Berenberg
The German bank said that the stock in the miner was “too cheap” and that the current outperformance in PGM prices was “providing a major shot in the arm" for revenues
Tharisa updates on “solid” end to 2019
The Cypriot firm with mining assets in South Africa, in a statement, told investors that it mined 1,143 tonnes of ore and milled 1,247 tonnes during the quarter
Tharisa focuses on Vision 2020 ambitions after challenging year
The miner has 2020 project ongoing to increase the production of platinum to 200,000oz and chrome to 2Mt by the end of next year.
Tharisa earnings hit by pit redesign and lower metal prices
Production in the year to September amounted to 139,700 ounces of contained PGMs and 1.29 Mt of chrome concentrates
Tharisa welcomes special economic zone status for Karo in Zimbabwe
SEZ status means Karo Zimbabwe will benefit from reduced tax rates, duty-free raw materials, equipment imports and exchange control rulings
Tharisa forecasts sizeable production hike this year
Amounts mined rose by 8% to 1.25Mt in the final quarter to September
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Tharisa pushes ahead with new Vulcan processor at chrome mine in South Africa
Chrome recoveries should improve to 82% through the new process
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Tharisa expects production to improve further after pit redesign
Platinum group metal output rose a touch to 34,100 oz, while chrome concentrate production improved 8.2% to 334,000 tonnes.
Tharisa confident of delivery on 'Vision 2020' project as Vulcan plant gets go ahead
Aims for minimum of 155,000 oz of PGMs and 1.45mt chrome concentrate this year