Petra Diamonds Ltd (CHIX:PDLl)
£ 0.3155 -0.0045 (-1.41%) Market Cap: 60.20 Mil Enterprise Value: 249.84 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 37/100
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Full Year 2023 Petra Diamonds Ltd Earnings Call Transcript

Sep 15, 2023 / 08:30AM GMT
Release Date Price: £0.686 (-0.58%)
Richard Duffy
Petra Diamonds Limited - CEO

Good morning, everybody, and thank you for joining us today for our unaudited-financial-year 2023 preliminary results for the year ended June 30, 2023. If we could move to slide 4, please.

Petra is the largest independent diamond producer with the world's third largest diamond resource, providing potential for long-term mine life. We've taken actions to strengthen our business and improve cash flow generation. And together with our strengthened balance sheet, we are well placed to deliver on our value-driven growth strategy.

We have been building resilience in our business through the implementation of our operating model to deliver more stable and predictable operating performance and to address operational challenges. The strengthened balance sheet also enabled us to be flexible in our approach to our diamond sales during a softened market while still progressing with our expansion projects. And we are on track for our annual production to increase by up to 1.3 million carats in financial year '26.

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