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Tharisa ( (GB:THS) ) has shared an announcement.
Tharisa reported a challenging start to FY2025 with decreased production of PGMs and chrome due to equipment availability issues and suboptimal reef mining. Despite these operational hurdles, the company managed to maintain a stable cash position. The market for PGMs and chrome remains subdued, with price drops attributed to reduced demand and investor interest, impacting the broader industry. Tharisa is addressing these challenges by improving drilling rates and equipment availability, while also working towards optimizing feed grades and recoveries.
More about Tharisa
Tharisa is an integrated resource group involved in the exploration, mining, processing, and marketing of PGMs and chrome concentrates. It plays a crucial role in the energy transition and decarbonisation of economies, with its main operations located in South Africa and Zimbabwe. Tharisa is committed to innovation and sustainability, aiming to reduce its carbon footprint and become net carbon neutral by 2050.
YTD Price Performance: -3.70%
Average Trading Volume: 207,673
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £201.5M
Find detailed analytics on THS stock on TipRanks’ Stock Analysis page.
