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Tharisa ( (GB:THS) ) has shared an announcement.
Tharisa announced a favorable judgment from the Tax Court of South Africa regarding a dispute over the calculation of mining royalties for its subsidiary, Tharisa Minerals. The court’s decision, which affects assessments from 2015 onwards, requires the South African Revenue Service to reconsider its methodology, potentially benefiting Tharisa’s earnings. This judgment provides clarity on royalty calculations, particularly for lower-grade ore producers, and underscores the need for legislative clarity.
The most recent analyst rating on (GB:THS) stock is a Buy with a £1.00 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 the beneficiation, marketing, sales, and logistics of platinum group metals (PGMs) and chrome concentrates. The company’s main asset is the Tharisa Mine in South Africa, and it is developing the Karo Platinum Project in Zimbabwe. Tharisa is also working on a proprietary iron chromium redox flow battery.
Average Trading Volume: 343,413
Technical Sentiment Signal: Buy
Current Market Cap: £309.3M
Find detailed analytics on THS stock on TipRanks’ Stock Analysis page.