Tharisa expects interim earnings to surge on higher commodity prices
JOHANNESBURG (miningweekly.com) – A significant recovery in commodity prices, particularly chrome, during the six months to March 31, is expected to bolster the first-half earnings of dual-listed Tharisa.
Tharisa expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months under review of between 15c and 17c apiece when it publishes its financial results on May 16.
This compared favourably with the EPS and HEPS of 1c a share reported in the half-year ended March 31, 2016.
“With substantially increased chrome concentrate prices achieved during the first half of the 2017 financial year, coupled with solid operational performance, we continue to deliver on our low-cost, profitable co-product business model,” said Tharisa CEO Phoevos Pouroulis in a statement to shareholders on Tuesday.
The company’s production guidance for the full year to September 30 remains at 1.47-million ounces of contained platinum group metals and 1.3-million tonnes of chrome concentrates, of which 300 000 t will be specialty-grade chrome concentrates.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation