Petra Diamonds (LSE: PDL) released its H1/2020 trading update this morning. Overall diamond production was up 3% YoY (+11.5% HoH) as the company increased the Run of Mine (ROM) tonnes mined and processed. This was particularly notable at Cullinan (+15%) where the mine is already operating above nameplate capacity. Production of 2.07 million carats ( a record for the company) suggests that the company is well on track to meet annual guidance of c.3.8 million carats. Capital expenditure of US$2
27 Jan 2020
Operations Strong in Challenging Markets
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Operations Strong in Challenging Markets
Petra Diamonds Limited (PDL:LON) | 43.7 0 0.0% | Mkt Cap: 84.9m
- Published:
27 Jan 2020 -
Author:
David Butler -
Pages:
4
Petra Diamonds (LSE: PDL) released its H1/2020 trading update this morning. Overall diamond production was up 3% YoY (+11.5% HoH) as the company increased the Run of Mine (ROM) tonnes mined and processed. This was particularly notable at Cullinan (+15%) where the mine is already operating above nameplate capacity. Production of 2.07 million carats ( a record for the company) suggests that the company is well on track to meet annual guidance of c.3.8 million carats. Capital expenditure of US$2