Tharisa announces interim results for the six months ended 31 March 2020

Tharisa, an integrated resources group incorporating exploration, mining, processing, beneficiation, marketing, sales and logistics of platinum group metals (‘PGMs’) and chrome concentrates, which owns and operates the large scale open pit Tharisa Minerals PGM and chrome mine situated in the North West province of South Africa, has released its interim results for the six months ended 31 March 2020.

REEF MINED 2.27 Mt up 2.3% (2019: 2.22 Mt)

PGM PRODUCTION 5PGE+Au 66.5 koz down 1.6% (2019: 67.6 koz)

CHROME CONCENTRATE PRODUCTION 652.6 kt up 6.3% (2019: 614.1 kt)

REVENUEUS $194.6 m up 16.9% (2019: US$166.5 m)

OPERATING PROFIT US$22.3 m up 55.9% (2019: US$14.3 m)

PROFIT BEFORE TAX US$17.5 m up 71.6% (2019: US$10.2 m)

EBITDA US$36.2 m Up 20.3 % (2019: US$30.1 m)

BASIC AND HEADLINE EARNINGS PER SHARE US 3.6 c and US 3.7 c

HEPS down 7.5% (2019: US 3.6 c and US 4.0 c)