tharisa

Mining group Tharisa (LON:THS) shares edged up on Monday, after platinum production jumped over 3 percent in the third quarter.

The group produced a record 39,500 ounces of platinum group metals during the three months to June 2018, with production up by 3.4 percent.

Platinum group metal recoveries were at a record 85.6 percent, well ahead of the 80 percent target previously set by the company, while production of chrome concentration rose by 2.6 percent to a record of 376,300 tonnes.

“Tharisa has illustrated maturity and depth by delivering another record quarter while embarking on its growth strategy through development and exploration programmes,” chief executive Phoevos Pourouli said.

“We look forward to delivering on our production guidance for the full financial year and on our growth plans outlined in Vision 2020 in conjunction with the highly prospective projects in Zimbabwe.”

Shares in Tharisa (LON:THS) are currently trading up 0.49 percent at 103.00 (1006GMT).