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PAPHOS, CYPRUS - Mining company Tharisa plc (JSE:THA)(LSE:THS) issued a correction to its third quarter production report on Monday, revealing that it had understated its cash balance in an announcement made last week.
The dual-listed mining, metals, and innovation company said it had failed to account for cash held on deposit with a financial institution in its July 9 report. The correct cash balance as of June 30, 2025, stands at $164.6 million, not the previously reported $150.9 million.
With debt remaining unchanged at $121.5 million, Tharisa’s net cash position is now $43.1 million, compared to the $29.4 million initially reported.
The company, which specializes in platinum group metals (PGMs) and chrome concentrates, noted that all other information disclosed in its Q3 FY2025 production results remains accurate.
Tharisa’s principal operating asset is the Tharisa Mine located in South Africa’s Bushveld Complex. The company is also developing the Karo Platinum Project in Zimbabwe and working on beneficiation initiatives involving chrome and PGM alloys.
The correction was disclosed in a regulatory announcement based on a company press release statement.
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