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    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

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    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

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News24 Business | Tharisa slips almost 8% after warning of earnings fall

December 7, 2023
in News
News24 Business | Tharisa slips almost 8% after warning of earnings fall
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A platinum bar.  Photo: Anglo American

A platinum bar. Photo: Anglo American

Shares of mining group Tharisa slumped almost 8% on Wednesday morning after it warned shareholders that headline earnings could fall almost a third in its year to end-September.

Headline earnings per share are expected to decrease in a range of 30.7% and 33.1%, the company said in an update, with its shares slumping as low as R13.22, though they later recovered to trade about 3% lower.

Tharisa, valued at about R4 billion on the JSE, operates its flagship Tharisa Mine about 35km east of Rustenburg in the North West. Tharisa also owns Karo Platinum, a low-cost, open-pit PGM asset under construction and located on the Great Dyke in Zimbabwe. The group had booked headline earnings of $117.4 million (R2.1 billion at the time) in its 2022 year.

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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