Tharisa plc (LSE:THS) posted a robust performance for the third quarter of FY2025, driven by a substantial increase in mining output and favorable commodity market conditions. Reef mining volumes rose by 27.7%, fueling higher production levels of platinum group metals (PGMs) and chrome.
Although the company reported a decline in its cash reserves, Tharisa maintains a healthy balance sheet, supported by rising commodity prices and disciplined financial management. Operationally, the quarter was marked by strong safety performance, with no lost time injuries reported—a key achievement in its commitment to workplace safety.
Tharisa continues to make strategic progress on its long-term projects, including the advancement of the Karo Platinum development in Zimbabwe. These initiatives align with the company’s broader focus on growth, sustainability, and delivering value across its integrated mining and processing operations.
About Tharisa plc
Tharisa is a diversified resources company specializing in the mining, processing, and beneficiation of PGMs and chrome concentrates. With core operations in South Africa and strategic development projects in Zimbabwe, the company plays a key role in supporting the global energy transition. Tharisa is committed to environmental sustainability, targeting a 30% reduction in carbon emissions by 2030 and aiming for net carbon neutrality by 2050.
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