Platinum group metals (PGMs) and chrome miner Tharisa’s basic earnings per share (EPS) for the financial year ended September 30 are expected to be between $0.53 and $0.54.
This is an increase of between 41% and 44% relative to the EPS of $0.37 in the previous year and is after accounting for the acquisition of a controlling interest in Karo Mining Holdings as a “business combination”.
Tharisa’s headline earnings per share (HEPS) for the period on a fully diluted basis are expected to be between $0.41 and $0.42.
This is an increase of between 7% and 9% on the HEPS of $0.38 for the previous year.
A production update for the period was released in October, which highlighted lower PGM basket prices for the year but higher chrome concentrate prices, yet both were supported by a weaker South Africa rand versus the dollar.
Tharisa expects to release its full-year results on or around December 5.
