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Tharisa ( (GB:THS) ) has provided an update.
Tharisa has signed a US$130 million debt facility with Absa Bank and Standard Bank to strengthen its capital structure and support the transition to underground mining. This agreement is expected to reduce the company’s cost of capital, extend debt maturities, and enhance financial flexibility, reinforcing its commitment to sustainable growth and value creation for shareholders.
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 resource group focused on the energy transition and decarbonisation of economies. It engages in exploration, mining, processing, and marketing of PGMs and chrome concentrates, leveraging innovation and technology. The company operates the Tharisa Mine in South Africa and is developing the Karo Platinum Project in Zimbabwe. Tharisa is committed to reducing its carbon footprint by 30% by 2030 and becoming net carbon neutral by 2050.
Average Trading Volume: 334,602
Technical Sentiment Signal: Buy
Current Market Cap: £294.6M
Find detailed analytics on THS stock on TipRanks’ Stock Analysis page.