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Tharisa exceeds FY'16 guidance for PGMs, sets FY'17 guidance

Tharisa Plc has exceeded its fiscal 2016 output guidance for platinum group metals, producing about 132,600 ounces, a 12.4% year-over-year increase.

The company intended to produce 129,400 ounces of platinum group metals and about 1.3 million tonnes of chrome concentrates for the year.

Chrome production totaled approximately 1.2 million tonnes, up 10.8% despite marginally lower feed grades, according to an Oct. 10 release.

In fiscal 2017, Tharisa expects to produce 147,400 ounces of platinum group metals and 1.3 million tonnes of chrome concentrates, of which 300,000 tonnes will be specialty-grade chrome concentrates.