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Petra Diamonds Ltd (PDL.L)

PDL.L on London Stock Exchange

8.93GBp
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Petra Diamonds Posts Lower FY Rev, Cuts 2020 Capex View
Monday, 22 Jul 2019 

July 22 (Reuters) - Petra Diamonds Ltd ::FY 2019 TRADING UPDATE AND FY 2020 GUIDANCE UPDATE.FY REVENUE 463.6 MILLION USD.FULL YEAR PRODUCTION OF 3.87 MCTS (FY 2018: 3.84 MCTS), IN LINE WITH GUIDANCE.GROUP FY 2019 TOTAL ON MINE CASH COSTS EXPECTED TO BE LARGELY IN LINE WITH GUIDANCE.FULL YEAR REVENUE DECREASED 6% TO US$463.6 MILLION (FY 2018: US$495.3 MILLION).FULL YEAR REVENUE DECREASED 6% TO US$463.6 MILLION.GROUP FY 2019 TOTAL ON MINE CASH COSTS EXPECTED TO BE LARGELY IN LINE WITH GUIDANCE.FY OPERATIONAL CAPEX REDUCED TO US$81.7 MILLION.NET DEBT AS AT 30 JUNE 2019 OF US$560.5 MILLION (US$537.5 MILLION ADJUSTED FOR DIAMOND DEBTORS) AS COMPARED TO US$559.3 MILLION AT 31 DECEMBER 2018.FY 2020 PRODUCTION GUIDANCE OF CA. 3.8 MCTS.SEES FY 2020 ROM PRODUCTION IS EXPECTED TO REMAIN LARGELY FLAT AT 3.75 MCTS (FY 2019: 3.76 MCTS).FY 2020 CAPEX IS GUIDED AT CA. US$43 MILLION.FY 2020 CAPEX IS CA. US$29 MILLION LOWER THAN PREVIOUS GUIDANCE.  Full Article

Petra Diamonds Q3 Revenue Fell 7 Pct To $135.2 Mln
Monday, 15 Apr 2019 

April 15 (Reuters) - Petra Diamonds Ltd ::PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 REVENUE FELL 7 PERCENT TO 135.2 MILLION USD.PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS).PRODUCTION GUIDANCE OF 3.8 - 4.0 MILLION CARATS FOR FY 2019 MAINTAINED.PETRA DIAMONDS - Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS.Q3 INCREASED PRODUCTION AT CULLINAN, KOFFIEFONTEIN AND WILLIAMSON, OFFSET BY LOWER PRODUCTION AT FINSCH.PRODUCTION FOR NINE MONTHS TO 31 MARCH 2019 UP 4% TO 2,943,374 CARATS (FY 2018 YTD: 2,836,272 CARATS).Q3 REVENUE DECREASED 7% TO US$135.2 MILLION DUE TO A 6% REDUCTION IN SALES VOLUMES TO 1,061,343 CARATS SOLD.NET DEBT REDUCED TO CA. US$553.1 MILLION, (31 DECEMBER 2018: US$559.3 MILLION).  Full Article

Petra Diamonds Appoints Richard Duffy As CEO
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Petra Diamonds Ltd ::PETRA DIAMONDS - APPOINTMENT OF CHIEF EXECUTIVE OFFICER.PETRA DIAMONDS LTD - APPOINTMENT OF RICHARD DUFFY AS CHIEF EXECUTIVE.  Full Article

Petra Diamonds' Adj Core Earnings Falls To $75.6 Mln From $80.8 Mln
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Petra Diamonds Ltd ::H1 REVENUE ROSE 8 PERCENT TO 207.1 MILLION USD.HY PRODUCTION UP 10 PCT TO 2,019,147 CARATS.HY ADJUSTED EBITDA: US$75.6 MILLION (H1 FY 2018: US$80.8 MILLION).HY CARATS SOLD INCREASED 15 PCT TO 1.7 MILLION.HY FULL YEAR PRODUCTION GUIDANCE OF CA. 3.8 - 4.0 MCTS MAINTAINED.COMPANY EXPECTS ITS NET DEBT POSITION AT 30 JUNE 2019 TO REMAIN LARGELY IN LINE WITH BALANCES AS AT 31 DECEMBER 2018."RECOGNISE IMPACT LOWER VALUE OF PRODUCT MIX AT CULLINAN HAD ON OUR FINANCIAL RESULTS FOR PERIOD".HY NET LOSS AFTER TAX: US$57.9 MILLION VERSUS US$117.7 MILLION LOSS.TO HOLD FOUR TENDERS DURING H2 FY 2019 AND EXPECTS DIAMOND MARKET CONDITIONS TO REMAIN STABLE DURING THIS TIME.HY ROUGH DIAMOND PRICES (ON A LIKE-FOR-LIKE BASIS, IN COMPARISON TO H2 FY 2018) FELL CA. 4 PCT.NO CERTAINTY WITH REGARDS TO OUTCOME FOR BLOCKED WILLIAMSON PARCEL, REMAINS IN CUSTODY OF GOVERNMENT OF UNITED REPUBLIC OF TANZANIA.  Full Article

Petra Diamonds Q1 Production Rises 21 Pct
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Petra Diamonds Ltd ::Q1 REVENUE ROSE 22 PERCENT TO 80.2 MILLION USD.Q1 PRODUCTION UP 21% TO 1,068,140 CARATS.PETRA REMAINS ON TRACK TO GENERATE FREE CASHFLOW IN FY 2019..DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 5% IN COMPARISON TO FY 2018.GROUP MAINTAINS FULL YEAR PRODUCTION GUIDANCE OF CA. 3.8 - 4.0 MCTS.ROM SURFACE STOCKPILE GRADES ARE EXPECTED TO DECLINE TOWARDS LATTER PART OF FY 2019.COMPANY MAINTAINS FULL YEAR ROM GRADE GUIDANCE OF CA. 56 - 59 CPHT.MARKET IS SHOWING "USUAL" SIGNS OF SEASONAL WEAKNESS ASSOCIATED WITH THIS TIME OF YEAR.SUPPLY DISCIPLINE BY MAJOR DIAMOND PRODUCERS EXPECTED TO ASSIST MAINTAINING SUPPLY & DEMAND EQUILIBRIUM OF INVENTORIES IN MIDSTREAM.  Full Article

Cobas Asset Management Discloses 5.01 Percent Stake In Petra Diamonds- Filing
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Petra Diamonds Ltd ::COBAS ASSET MANAGEMENT, WITH VOTING RIGHTS ON BEHALF OF MULTIPLE MANAGED PORTFOLIOS DISCLOSES A 5.01 PERCENT STAKE IN PETRA DIAMONDS- FILING.  Full Article

Petra Diamonds Says FY Revenue Up 21 Pct
Monday, 23 Jul 2018 

July 23 (Reuters) - Petra Diamonds Ltd ::FY REVENUE ROSE 21 PERCENT TO 576.4 MILLION USD.FY PRODUCTION UP 15% TO 4.6 MCTS.NET DEBT AS AT 30 JUNE 2018 REDUCED TO US$436.1 MILLION (US$518.8 MILLION NET OF DIAMOND DEBTORS OF US$82.7 MILLION).FY PRODUCTION UP 15% TO 4.6 MCTS (FY 2017: 4.0 MCTS), IN LINE WITH GUIDANCE OF 4.6 TO 4.7 MCTS.DIAMOND MARKET REMAINED STABLE THROUGHOUT FY 2018, WITH ROUGH DIAMOND PRICES ON A LIKE FOR LIKE BASIS UP CA. 2% FOR YEAR.FY REVENUE UP 21% TO US$576.4 MILLION (FY 2017: US$477.0 MILLION).FY OPERATIONAL CAPEX (EXCLUDING CAPITALISED BORROWING COSTS) REDUCED TO US$142.7 MILLION (FY 2017: US$255.1 MILLION).FY 2019 CAPEX (EXCLUDING CAPITALISED BORROWING COSTS) IS GUIDED AT CA. US$100 MILLION (EXCLUDING KEM JV: CA. US$93 MILLION).TOTAL CAPEX FOR FY 2020 IS EXPECTED TO BE CA. US$72 MILLION (EXCLUDING KEM JV), MOSTLY RELATING TO CULLINAN AND FINSCH.EXPECTS DIAMOND MARKET TO REMAIN STABLE IN FY 2019.  Full Article

South Africa's NUM Signs Wage Agreement With Petra Cullinan Diamond Mine
Thursday, 19 Jul 2018 

July 19 (Reuters) - South Africa's National Union Of Mineworkers::SIGNED A 1 YEAR WAGE AGREEMENT WITH PETRA CULLINAN DIAMOND MINE.AGREEMENT INCLUDES WAGE INCREASES IN CATEGORIES A & B OF 8.5 PERCENT.COMPANY PENSION FUND CONTRIBUTION IN CATEGORIES A & B WILL BE 8.5% FOR PETRA CULLINAN DIAMOND MINE.AGREEMENT INCLUDES LIVING OUT ALLOWANCE IN CATEGORIES A & B OF R1400/MONTH.  Full Article

South Africa's National Union Of Mineworkers Signs One Year Wage Deal With Petra Cullinan Diamond Mine
Thursday, 19 Jul 2018 

July 19 (Reuters) - SOUTH AFRICA'S NATIONAL UNION OF MINEWORKERS::SIGNED A 1 YEAR WAGE AGREEMENT WITH PETRA CULLINAN DIAMOND MINE.COMPANY PENSION FUND CONTRIBUTION IS GOING TO BE 8.5% FOR PETRA CULLINAN DIAMOND MINE.AGREEMENT INCLUDES WAGE INCREASES IN CATEGORIES A & B OF R1400 PER MONTH.  Full Article

Petra Diamonds Says Disposal Of Interest In Kimberley Ekapa Mining JV
Thursday, 5 Jul 2018 

July 5 (Reuters) - Petra Diamonds Ltd ::DISPOSAL OF INTEREST IN KIMBERLEY EKAPA MINING JV.DEAL FOR CASH CONSIDERATION OF CA. ZAR300 MILLION.ZAR300 MILLION PURCHASE CONSIDERATION WILL BE PAYABLE IN 24 MONTHLY INSTALMENTS STARTING IN JANUARY 2019.DISPOSAL WILL BE ON A GOING CONCERN BASIS.EXPECTED THAT A NON-CASH IMPAIRMENT CHARGE WILL BE RECORDED IN COMPANY'S PRELIMINARY RESULTS FOR YEAR TO 30 JUNE 2018.BINDING HEADS OF AGREEMENT WITH REGARDS TO DISPOSAL OF 75.9% INTEREST IN KEM JV TO CO'S JV PARTNER EKAPA MINING.EXPECTS A NON-CASH IMPAIRMENT CHARGE ON DISPOSAL IN REGION OF US$35 - 45 MILLION TO BE RECORDED IN FY 2018.  Full Article

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