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Tharisa PLC

Tharisa boosts platinum group metals and chrome production

Tharisa has once again beaten production expectations

1538982496_Tharisa---workers.jpg
Tharisa workers in upbeat mood

In the financial year to 30 September 2018, Tharisa plc (LON:THS) produced 152,200 ounces of platinum group metals and just under 1.5mln tonnes of chrome concentrate from its operations in South Africa.

That’s a significant increase on the previous year and sets new records.  

WATCH: Tharisa PLC acquires stake in a 'once in a lifetime opportunity' in Zimbabwe

Recoveries of platinum group metals and chrome were also up.

"The past fiscal year saw yet another year of record production from the Tharisa mine, with the highest recovery rates on record, and a Best in Class safety award,” said Tharisa’s chief executive Phoevos Pouroulis, said:

“The significant advances we have made through our own R&D, has seen Tharisa adopt new technologies, increase our ability to beneficiate our products and has the potential to improve our ability to maximise revenues from our operations.  This strong operational performance at the Tharisa mine provides a solid foundation for the development of the highly prospective exploration projects in Zimbabwe."

 

Quick facts: Tharisa PLC

Price: £1.16

Market: LSE
Market Cap: £306.27 m
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