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2016 a “record” year for Tharisa, says CEO

Tharisa (LON:THS) chief executive, Phoevos Pouroulis, hails the firm’s “excellent” fourth quarter and subsequent financial year, a period when the company set several new records.

“It’s been an excellent quarter with Tharisa achieving a number of records,” Pouroulis tells Proactive.

“I think the stand-out feature [of the period] was our PGM (platinum group metals) production…with PGM recoveries reaching 80.6%, well above the targeted level of 70%,” he adds.

Pouroulis also touched on the chrome price which has almost doubled since the start of the year, calling the resurgence a “welcome price rebound”.

He says there is support for this price to go even higher with “fundamentally strong demand” for chrome around the world.

Despite the exceptional year, Pouroulis tells Proactive that the company is intent on increasing production rates again for the next financial year.

Tharisa’s share price has risen over 250% since it joined AIM earlier this year, and Pouroulis says the firm has benefited from the “broader” exposure to more “savvy” investors.

Quick facts: Tharisa PLC

Price: 110.5 GBX

LSE:THS
Market: LSE
Market Cap: £294.6 m
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