South African platinum producer Tharisa expects up to 44% increase in FY22 basic earnings

By Vladimir Basov

Published:

Nov 29, 2022 - 10:00 PM

Updated:

Nov 29, 2022 - 10:00 PM

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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 financial year ended 30 September 2022 on a fully diluted basis are expected to be between US$ 53 cents and US$ 54 cents per share with a tolerance of 10%.

According to a press release, this is an increase of between 41% and 44% relative to the EPS of US$ 37.4 cents per share for the financial year ended 30 September 2021.

Tharisa’s headline earnings per share (HEPS) for the financial year ended 30 September 2022 on a fully diluted basis are expected to be between US$ 41 cents and US$ 42 cents per share with a tolerance of 10%.

This is an increase of between 7% and 9% relative to the HEPS of US$ 38.3 cents per share for the financial year ended 30 September 2021, it added.

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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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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South African platinum producer Tharisa expects up to 44% increase in FY22 basic earnings

By Vladimir Basov

Kitco News
The Leading News Source in Precious Metals

Vladimir Basov

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South African platinum producer Tharisa expects up to 44% increase in FY22 basic earnings

By Vladimir Basov

Kitco NewsThe Leading News Source in Precious Metals

Vladimir Basov

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Kitco News
The Leading News Source in Precious Metals