Petra has released its Q3 Operating Update this morning. On an operational front it has been a stable quarter with total diamond production up 3% from last quarter. This was helped by higher production from both Cullinan and Finsch mines whose diamond production was up 7% and 14% Q-o-Q respectively - these are broadly in line with our estimates with production being 7% below our estimate (see below). As expected, overall ore processed was down 25% from Q2 as Williamson remains offline.
18 Apr 2023
Q3 Operational Update
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Q3 Operational Update
Petra Diamonds Limited (PDL:LON) | 39.8 0 0.0% | Mkt Cap: 77.3m
- Published:
18 Apr 2023 -
Author:
David Butler -
Pages:
6
Petra has released its Q3 Operating Update this morning. On an operational front it has been a stable quarter with total diamond production up 3% from last quarter. This was helped by higher production from both Cullinan and Finsch mines whose diamond production was up 7% and 14% Q-o-Q respectively - these are broadly in line with our estimates with production being 7% below our estimate (see below). As expected, overall ore processed was down 25% from Q2 as Williamson remains offline.