Tharisa released interim results this morning for FY2024. Revenues were up 10% YoY, driving by the strong chrome price and higher chrome production but offset by the weak PGM market. The co-product model showing its resilience and a distinguishing factor from Tharisa peers. EBITDA was in line with prior year, but margin was lost due to increased mining costs. Increased costs were expected due to increased waste being mined and 3rd party RoM material purchases made to maintain plant throughput. E ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interim Results FY2024
Tharisa released interim results this morning for FY2024. Revenues were up 10% YoY, driving by the strong chrome price and higher chrome production but offset by the weak PGM market. The co-product model showing its resilience and a distinguishing factor from Tharisa peers. EBITDA was in line with prior year, but margin was lost due to increased mining costs. Increased costs were expected due to increased waste being mined and 3rd party RoM material purchases made to maintain plant throughput. E ....