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Tharisa PLC on track to hit its 2020 production targets

Tharisa PLC (LON:THS) CEO Phoevos Pouroulis updates Proactive London's Andrew Scott following the release of its fourth quarter and full year production report.

The business upped output in its latest quarter as benefits from a restructuring of its Platinum and chrome mine in South Africa started to come through.

Over the full year, Tharisa produced 139,000oz of platinum (PGMs) and 1.29mt of chrome and has forecast a rise to between 155,000 oz to 165,000oz PGMs and 1.45 Mt to 1.55 Mt of chrome concentrates in the current twelve months.

Quick facts: Tharisa PLC

Price: 80 GBX

Market: LSE
Market Cap: £213.29 m

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Tharisa PLC still generating strong cash despite curtailed operational output

Tharisa PLC's (LON:THS) head of investor relations Ilja Graulich talks Proactive London's Andrew Scott through the group's results for the year to the end of September 2019. Tharisa posted sharply lower profits in the period as lower production and weaker chrome prices hit revenues however,...

on 29/11/19

2 min read