(Alliance News) -Â Tharisa PLC on Thursday maintained its production guidance after a solid start to the year.
The southern Africa-focused platinum miner, headquartered in Cyprus, said quarterly production records were set for processing volumes and for platinum group metal and chrome concentrate production.
Reef mined stood at 1.4 million in the three months to the end of December, up 0.7% on the prior quarter.
PGM production of 47,700 ounces was up 9.2% quarter-on-quarter, at an average PGM basket price of USD2,394 per ounce. Chrome production of 401,800 tonnes was up 1.5% on the prior quarter.
Tharisa maintained full-year guidance for production of 165,000 to 175,000 ounces of PGMs and 1.75 million to 1.85 million tonnes of chrome concentrates after the "great start".
"A strong start to the year, and I want to thank the Tharisa team for their continued focus and delivery. We remain firmly on track to deliver, and hopefully exceed, our stated guidance," said Chief Executive Phoevos Pouroulis.
By Lucy Heming;Â lucyheming@alliancenews.com
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Tharisa (THS)