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Tharisa on track to reach FY PGM output target of 129,400 ounces

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Tharisa on track to reach FY PGM output target of 129,400 ounces

Tharisa Plchas maintained its year-end production guidance of 129,400 ounces of platinum groupmetals and about 1.3 million tonnes of chrome concentrates.

The company said July 12 that it remains on track to achievetargeted recoveries of 70% for platinum group metals and 65% for chrome recoveries.

For the three months ended June 30, the company produced 33,500ounces of platinum group metals with recoveries at 68.5%, while chrome concentrateproduction totaled 307,100 tonnes.

Meanwhile, the average platinum group metals basket price forthe June quarter improved by US$60 an ounce on the US$685 price achieved in thequarter to March-end.

In early June, the company was admitted to trade on the London Stock Exchange's main marketfor listed securities. The company will trade under the ticker symbol THS on theLSE.