https://www.miningweekly.com

Tharisa to report y/y improvement in full-year earnings

29th November 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Platinum group metals (PGMs) and chrome miner Tharisa’s basic earnings per share (EPS) for the financial year ended September 30 are expected to be between $0.53 and $0.54.

This is an increase of between 41% and 44% relative to the EPS of $0.37 in the previous year and is after accounting for the acquisition of a controlling interest in Karo Mining Holdings as a “business combination”.

Tharisa’s headline earnings per share (HEPS) for the period on a fully diluted basis are expected to be between $0.41 and $0.42.

This is an increase of between 7% and 9% on the HEPS of $0.38 for the previous year.

A production update for the period was released in October, which highlighted lower PGM basket prices for the year but higher chrome concentrate prices, yet both were supported by a weaker South Africa rand versus the dollar.

Tharisa expects to release its full-year results on or around December 5.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION