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Tharisa ( (GB:THS) ) has provided an update.
Tharisa reported a solid safety performance and mixed production results for the first quarter of its 2026 financial year, with extremely low lost-time injury rates at both Tharisa Minerals and Karo Platinum and improved PGM and chrome recoveries despite heavy rainfall and lightning events. Quarterly output of PGMs and chrome fell versus the previous quarter due to planned mine volumes and seasonal factors, but higher PGM basket prices and stable chrome prices supported revenues, while the group maintained a net cash position of US$47.0 million as it continued to fund underground development at its flagship mine and advance the Karo project in line with capital availability, underscoring its positioning in a PGM market characterised by continued platinum deficits and firm pricing.
The most recent analyst rating on (GB:THS) stock is a Buy with a £200.00 price target. To see the full list of analyst forecasts on Tharisa stock, see the GB:THS Stock Forecast page.
More about Tharisa
Tharisa is an integrated mining and metals group focused on platinum group metals (PGMs) and chrome concentrates, operating across the value chain from exploration and mining to processing, beneficiation, marketing, sales and logistics. Its core asset is the low-cost, multigenerational Tharisa Mine on South Africa’s Bushveld Complex, supplemented by development of the tier-one Karo Platinum Project in Zimbabwe, and it is pursuing downstream beneficiation and energy-transition technologies, including iron‑chromium redox flow batteries, to support decarbonisation and long-duration energy storage.
Average Trading Volume: 384,721
Technical Sentiment Signal: Buy
Current Market Cap: £371.8M
For detailed information about THS stock, go to TipRanks’ Stock Analysis page.