The Tharisa open pit mine produces PGM and chromite concentrate. By the end of gthe thrid quarter to June 30, 2026, the mining group said its Tharisa underground development project was proceeding on schedule and budget, as was its Karo Platinum project in Zimbabwe.
Tharisa’s cash position fell to $10,7 million by the end of the quarter to June 30 from $54,7m at the end of the second quarter, as spending on Karo Platinum and the Tharisa underground development increased during the quarter, in line with budgeted project plans.
The mining, metals, and innovation company dual-listed on the Johannesburg and London stock exchanges said in a third quarter production update that quarterly PGM production came to 39,6 koz (kilogram per ounce) from 34,3 koz in the second quarter.
Quarterly chrome production was 393,8 kt (kilotons) versus 404,0 kt in the second quarter. Year-to-date production had positioned the group to deliver against its management’s guidance for the full 2026 financial year.
"The third quarter demonstrated normalised operations and was in line with budget. PGM production increased by 15,5%, supported by a marked improvement in recoveries to 83,8%, while chrome production remained steady despite lower milled tons,” said the CEO Phoevos Pouroulis.
