Higher commodity prices come to Tharisa’s rescue as output drops
However, for its metallurgical chrome, a 9.5% drop in output more than offset a 4.6% increase in price
Chrome and platinum group metals (PGM) miner Tharisa reported lower than targeted full-year output across the two mineral classes as it reconfigures its mine and production plants near Brits.
By falling short in production, some analysts lowered their earning forecasts despite the higher prices for the commodities at Tharisa mines in Northwest province. Tharisa, which is listed in Johannesburg and London, will report higher revenue from its PGM production despite an 8% fall in output to 139,700oz for the year to end-September.