(Alliance Information) – Tharisa PLC on Thursday stated it expects annual earnings to surge on greater commodity costs.
The southern Africa-focused platinum miner expects fundamental earnings per share between 37 US cents and 38 cents within the yr ended September 30. This is able to be greater than double the 16.2 cents achieved within the earlier monetary yr.
In October, the corporate stated its common platinum group metals basket value for the yr rose 80% to USD3,074 per ounce. Chrome focus costs additionally improved, Tharisa stated.
It did, nonetheless, observe that greater freight prices and enhance royalty funds, because of the greater commodity costs, stored a lid on earnings.
It plans to launch its annual outcomes on or round December 2.
Tharisa shares have been 1.0% decrease at 124.27 pence every in London on Thursday morning. In Johannesburg on Thursday afternoon, the inventory was up 6.7% at ZAR27.75.
By Eric Cunha; [email protected]
Copyright 2021 Alliance Information Restricted. All Rights Reserved.