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South African platinum producer Tharisa expects up to 54% increase in 6M basic earnings

Kitco Media
By Vladimir Basov
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(Kitco News) - South African platinum group metals (PGM) producer Tharisa (LSE: THS) announced today that its basic earnings per share (EPS) for the six months ended 31 March 2022 are expected to be between $32.0 cents and $33.0 cents per share with a tolerance of 10%.

This is an increase of 49.5% to 54.2% relative to the EPS of US$ 21.4 cents for the six months ended 31 March 2021 and is after accounting for the acquisition of a controlling interest in Karo Mining Holdings Limited as a "business combination".

Tharisa's headline earnings per share ('HEPS') for the six months ended 31 March 2022 are expected to be between US$ 15.0 cents per share and US$ 16.0 cents per share with a tolerance of 10%. This is a decrease of 31.5% to 26.9% relative to the HEPS of US$ 21.9 cents per share for the six months ended 31 March 2021.

Tharisa is an integrated resource group incorporating mining, processing, exploration and the beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. Its principal asset is the Tharisa mine located in the South-Western Limb of the Bushveld complex, South Africa.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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