Petra Diamonds Ltd (STU:FPO)
€ 0.296 0 (0%) Market Cap: 65.53 Mil Enterprise Value: 291.17 Mil PE Ratio: 0 PB Ratio: 0.28 GF Score: 39/100
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Q1 2022 Petra Diamonds Ltd Trading Statement Call Transcript

Oct 26, 2021 / 08:30AM GMT
Release Date Price: €0.78
Richard Duffy
Petra Diamonds Limited - CEO

2% (sic - see financial report, 52%) from 0.65 to 0.31 and the total number of injuries, including LTIs down 38% to eight. As we have disclosed before, the majority of LTIs experienced recently have been of low severity and behavioral in nature. This seems to be mirroring a wider trend in South Africa where safety performance has deteriorated during the COVID-19 pandemic which is attributed to the consequent disruption to people's lives and working environments. Our focus has, therefore, been on behavior-based intervention programs, and it is encouraging to see the improvement in this area.

In terms of production, we saw an 8% uplift from the preceding quarter to just under 862,000 carats further to the steps taken to address the impact of waste ingress at the Finsch mine. Year-on-year production was down 12% which is largely attributable to Finsch's high level of production before the impact of the waste ingress and the resultant planned decrease in throughput and grade to mitigate its impact from quarter two of financial-year 2021.

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