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Wed 15 Jul 2026
Close: 2 450c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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Tharisa - production report 30 June 2026
Tharisa announced its production results for Q3 FY20261 and cash balance as at 30 June 2026.
Highlights
- Lost Time Injury Frequency Rate ('LTIFR') per 200 000 man hours worked:
* 0.03 at Tharisa Minerals
* 0.00 at Karo Platinum
- Quarterly PGM production at 39.6 koz (Q2 FY2026: 34.3 koz)
- Quarterly chrome production of 393.8 kt (Q2 FY2026: 404.0 kt)
- Year-to-date production positions the group to deliver against FY2026 guidance
- Average PGM contained metal basket price of USD2 681/oz (Q2 FY2026: USD3 038/oz)
- Average metallurgical grade chrome concentrate price of USD306/t (Q2 FY2026: USD290/t)
- Tharisa underground project on time and in line with budget, portal development on track to deliver first ROM within Q4
- Karo Platinum investment continues with focus on strategic infrastructure projects, mining contractor mobilisation for Phase 1 has been completed and open pit waste stripping well underway
- Group cash on hand of USD198.8 million (31 March 2026: USD184.3 million) and debt of USD188.1 million (31 March 2026: USD129.6 million), resulting in a net cash position of USD10.7 million (31 March 2026: USD54.7 million), as spending on Karo Platinum and the Tharisa underground development increased during the quarter, in line with the budgeted development plans of both projects
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Tharisa - Nedbank asset finance facility
Tharisa announced that it has secured a new ZAR750.0 million (~ USD45.5 million) asset revolving finance facility from Nedbank Ltd. (acting through its Nedbank Corporate and Investment Banking division) (Nedbank). The facility incorporates an accordion enabling Tharisa to increase the facility to ZAR1.25 billion (~ USD75.8 million).
The facility ensures that Tharisa's underground fleet, comprising the specialised equipment necessary to support safe, efficient, and high-capacity underground extraction, is fully funded.
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Tharisa - launches Level 1 ADR programme
Tharisa has completed the establishment of a Level 1 American Depositary Receipt (ADR) programme (the Programme), with JP Morgan appointed as the depositary bank. The Programme is effective from 8 June 2026 under the ticker symbol THARY.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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