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Tharisa Plc beating expectations on PGM and chrome recoveries

Michael Jones, CFO at Tharisa Plc (LON:THS), talks Proactive's Andrew Scott through their second-quarter production performance.

Platinum group metal (PGM) recoveries measured 82.2% for the three month period ended March 31, compared to a target of 80% and the company produced some 38,200 ounces of PGMs.

Similarly, chrome recoveries improved to 66.3% which was better than the targeted 65% and the company achieved record chrome concentrate volumes, at 366,700 tonnes for the three month period.

Quick facts: Tharisa PLC

Price: 80.3 GBX

LSE:THS
Market: LSE
Market Cap: £214.09 m
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Tharisa PLC still generating strong cash despite curtailed operational output

Tharisa PLC's (LON:THS) head of investor relations Ilja Graulich talks Proactive London's Andrew Scott through the group's results for the year to the end of September 2019. Tharisa posted sharply lower profits in the period as lower production and weaker chrome prices hit revenues however,...

on 29/11/19

2 min read