Petra Diamonds
Limited
Trading Update for
the three and nine months ended 31 March
2022
Petra Diamonds Limited ("Petra", the "Company" or the “Group”)
announces its unaudited Trading Update for the three months ended
31 March 2022 (the “Quarter”, “Q3 FY
2022” or “Q3”) and the nine months to 31
March 2022 (“9M FY 2022”, “Year to Date” or “YTD”).
Richard
Duffy, Chief Executive of Petra Diamonds, commented:
“Petra has benefitted from strong
diamond prices during the Quarter underpinned by strong
operational, cost and safety performance. The 43% increase in the
YTD revenue to US$405.4 million was
driven by Exceptional Stones sales contributing US$83.3 million YTD, coupled with the upward
trend in diamond prices. This culminated in the significant
like-for-like 37.6% price increase we saw in the 4th
Tender in March compared to the preceding December 2021 tender. Petra’s production of
Exceptional Stones in the Year to Date in part reflects our
investment in throughput as part of Project 2022. This Project is
now integrated throughout our business and is expected to deliver
net free cash of over US$200 million
for the three years to June 2022, a
significant improvement over our target of US$100-150 million. We also confirm our
production, cost and capex guidance as announced at the Investor
Day held in February 2022.
“Petra’s balance sheet strengthened
further during the Quarter with net debt of US$107.0 million and unrestricted cash balances
totalling US$233.2 million at Period
end after settling the Group’s first lien facilities of
US$88.9 million (including interest)
during the Quarter.
“Although we anticipate some pull
back in diamond prices from the elevated March tender levels as a
result of the economic impact of the war in Ukraine, the structural shift in the diamond
market continues to provide positive momentum. This, coupled with
our operational improvements driving margin and cash generation,
supports a positive outlook for the business with the potential for
further reductions in our debt levels.”
HIGHLIGHTS
Strong performance with quarterly
revenue growth of 33%
- Strong YTD safety performance
- Lost Time Injury Frequency Rate (“LTIFR”) down 62% to 0.18
(9M FY 2021: 0.47)
- Total injuries, including LTIs, down 20% to 24 (9M FY 2021: 30)
- Q3 revenue up 33% to US$140.6
million (Q3 FY 2021: US$106.0
million) driven by:
- Strong prices achieved in the 4th Tender in
March 2022 with like-for-like prices
up 37.6% compared to the preceding December
2021 tender
- The sale of one Exceptional Stone in the Quarter, a 157.88ct
Type IIa white stone from Cullinan for US$5.5 million
- Notwithstanding the revenue increase, carats sold were down 31%
and 16% in the Quarter and YTD respectively, given that there was
only one sales tender in Q3. However, no impact is foreseen on
expected sales volumes for the full year with further tenders in
April and June 2022
- Quarterly production up 18% to 830,456 carats (Q3 2021: 704,498
carats) with YTD production up 7% to 2,607,880 carats (9M FY 2021: 2,445,360 carats), largely
attributable to Williamson’s resumption of production following a
period of care and maintenance. In addition, the remedial steps
taken at Finsch following waste ingress in Q2 FY 2021 positively
affected the quarterly comparison
- Balance Sheet as at 31 March
2022:
- Consolidated net debt of US$107.0
million (31 December 2021:
US$152.3 million)
- Gross cash of US$249.2 million
(31 December 2021: US$272.3 million) and unrestricted cash of
US$233.2 million (31 December 2021: US$256.7
million) following settlement of the ZAR404.6 million (US$27.7
million) revolving credit facility (“RCF”) and ZAR893.2 million (US$61.2
million) term loan under the first lien facilities during
the Quarter. The agreements for the new ZAR1
billion (c. US$68 million) RCF
with Absa Bank, as announced in
February, are in the process of being finalised with the new
facility expected to become effective during April 2022
- Diamond debtors of US$nil (31 December
2021: US$0.4 million)
- Diamond inventory valued at US$98.1
million (31 December 2021:
US$79.6 million)
Q3 Diamond Production up 18% with the
resumption of production at Williamson
Production and sales summary
|
Unit |
Q3 FY
2022 |
Q3 FY
2021 |
Var. |
9M FY
2022 |
9M FY
2021 |
Var. |
FY
20211 |
Ore processed |
Mt |
2.9 |
1.8 |
+61% |
8.6 |
6.1 |
+41% |
8.1 |
Diamonds
recovered |
MCts |
830,456 |
704,498 |
+18% |
2,607,880 |
2,445,360 |
+7% |
3,240,312 |
Diamonds sold |
MCts |
735,225 |
1,069,205 |
-31% |
2,331,076 |
2,782,002 |
-16% |
3,960,475 |
Revenue |
US$M |
140.6 |
106.0 |
+33% |
405.4 |
284.2 |
+43% |
406.9 |
Note 1: For comparative purposes the FY
2021 figures have been restated to include Williamson as it is no
longer a discontinued operation
Credit rating upgrades
On 23 March, Moody’s Investor Services upgraded Petra’s
Corporate Family Rating (CFR) and its second lien bond rating from
Caa1 to B3, taking the outlook from Positive to Stable. This
reflects “Petra’s stronger financial and business outlook”. On 26
February, S&P Global Ratings upgraded its outlook for Petra’s
bonds to positive “reflecting the recovery in the diamond market
and improved liquidity” while maintaining its B rating.
Guidance reiterated
Key operational guidance
|
Unit |
FY22E |
FY23E |
FY24E |
FY25E |
Total carats
recovered |
Mcts |
3.3 –
3.6 |
3.3 –
3.6 |
3.3 –
3.6 |
3.6 –
3.9 |
Cash on-mine costs and
G&A1 |
$m |
300 -
310 |
300 –
320 |
300 –
320 |
300 -
320 |
Expansion
capex1 |
$m |
47 –
50 |
105 –
115 |
125 –
135 |
115 -
120 |
Sustaining
capex1 |
$m |
28 –
30 |
30
-32 |
30 –
32 |
26 -
28 |
Note 1: Opex and Capex guidance is
stated in FY 2022 real terms and based on an exchange rate of
ZAR15 / USD1.
Detailed guidance is available on Petra’s website at
https://www.petradiamonds.com/investors/analysts/analyst-guidance/
- Petra reiterates the detailed operational guidance provided for
the FY 2022 to 2025 period and the guidance for expansion capital
expenditure, of US$61 million, beyond
the FY 2025 guidance period.
- Petra does not provide guidance on diamond pricing. However, it
should be noted that Exceptional Stones have contributed an average
of US$47 million per annum over the
last three years, and US$37 million
per annum over the last five years, to Group revenue.
Outlook
Our confidence in the outlook for Petra is supported by the
structural changes in diamond market supply and demand which
continue to underpin prices, despite some expected softening from
the highs seen in the March tender as a result of the economic
uncertainty arising from the war in Ukraine. The supportive
structural market dynamic, coupled with the operational
improvements we have made to drive margin and cash generation, give
the potential for both improved financial performance and further
reduction in our debt.
CONFERENCE CALLS
09:30am
and 16:00 BST today
Petra’s Chief Executive, Richard
Duffy, and Finance Director, Jacques
Breytenbach, will host calls today to discuss this trading
update at 09:30 and 16:00 BST.
Registration for calls:
United
Kingdom
0800 640 6441
United Kingdom (Local)
020 3936 2999
United
States
1 646 664 1960
All other
locations
+44 20 3936 2999
09:30: Access
code: 122879
16:00: Access
code: 853531
Press *1 to ask a question, *2 to
withdraw your question, or *0 for operator assistance.
Link for recording (available later today):
https://www.petradiamonds.com/investors/results-reports/
FURTHER INFORMATION
Please contact
Petra Diamonds,
London
Telephone: +44 207494 8203
Jill Sherratt
investorrelations@petradiamonds.com
Julia Stone
REVIEW
Q3 and 9M FY 2022 production and sales summary
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M
FY
2022 |
9M
FY
2021 |
Variance |
Revenue |
US$M |
140.6 |
106.0 |
+33% |
405.4 |
284.2 |
+43% |
Exceptional
Stones |
US$M |
5.5 |
12.2 |
-55% |
83.4 |
52.5 |
+59% |
Total production |
Mt |
2.9 |
1.8 |
+61% |
8.6 |
6.1 |
+41% |
Total diamonds |
Carats |
830,456 |
704,498 |
+18% |
2,607,880 |
2,445,360 |
+7% |
Strong YTD revenue growth in a robust
diamond market
The 43% increase in revenue for the nine months to 31 March 2022 to US$405.4
million (9M FY 2021:
US$284.2 million) was driven in part
by the sale of Exceptional Stones totalling US$83.4 million (9M
FY 2021: US$52.5 million) comprising
the following:
- 39.34 carat blue diamond from the Cullinan mine which sold for
US$40.2 million
- 342.92 carat Type IIa white diamond from the Cullinan mine
which sold for US$10 million (the
Company has retained a 50% interest in the profit uplift of the
polished proceeds, after costs, of the 342.92 carat white diamond,
as well as an 18.30 carat Type IIb blue diamond which sold for
US$3.5 million)
- 32.32 carat pink diamond from the Williamson mine which sold
for US$13.8 million
- 295.79 carat white diamond from the Cullinan mine which sold
for US$13.9 million
- 157.88 carat white diamond from Cullinan mine which sold for
US$5.5 million
Revenue also benefited from a 37.6% like-for-like rise in
realised diamond prices in the 4th tender as compared to
the preceding tender which closed in December 2021.
YTD carats sold reduced by some 16% compared to the comparative
period when significantly higher volumes were sold, mostly
off-tender, following the inventory build-up witnessed late in FY
2020 after the initial COVID-19 outbreak, while sales in Q3 FY 2022
were limited to one tender during the Quarter. Two further sales
tenders are planned in this last quarter, in April and June, as
previously announced. The higher diamond inventory at the end of Q3
is expected to unwind to normal year-end levels during the fourth
quarter.
Production benefiting from operational improvements and
good safety performance
Health and safety
The Lost Time Injury Frequency Rate (“LTIFR”) for 9M FY 2022 decreased to 0.18 (9M FY 2021: 0.47). The LTIs during the Period
continued to be of low severity and mostly behavioural in nature.
The various remedial actions and behaviour-based intervention
programmes previously announced have assisted in achieving the
strong improvement in the safety trend. The total number of
injuries during 9M FY 2022, which
includes LTIs, decreased to 24 (9M FY
2021: 30). Petra continues to target a zero-harm working
environment.
COVID-19 remains a risk to the health and safety of the Group’s
workforce. Petra has implemented systems and strategies across all
of its operations aimed at preventing and/or containing the spread
of the virus with an ongoing drive to vaccinate its employees. In
South Africa, 2,479 employees have
been fully vaccinated (58.4% of the workforce) and 244 partially
vaccinated (6% of the workforce), while at Williamson the roll-out
has been slower with 173 employees fully vaccinated (14% of the
workforce).
Production
9M FY 2022 production was in line
with guidance, totalling 2,607,880 carats (9M FY 2021: 2,445,360 carats). Williamson resumed
production during the period, having been on care and maintenance
since April 2020. The previously
reported waste ingress at Finsch has been largely mitigated through
the implementation of enhanced drill and blast and draw controls.
The convergence of tunnel 41 at Cullinan has been remediated and
will continue to be monitored in terms of re-accessing the
tunnel.
The Business Re-engineering Projects at Finsch and Koffiefontein
concluded in transition plans with recommended deliverables and due
dates.
- The cost savings and production improvement initiatives at
Finsch, to enhance margins and ensure a long-term sustainable
operation, are being implemented as part of the annual three year
planning cycle.
- While the conclusion for Koffiefontein reaffirmed running the
mine to closure by 2025 as well as exploring other alternatives in
parallel, we have been considering options to curtail the negative
cash flow. To this end, we have been engaging with the Future
Forum, comprising organised labour and management, with the
intention of aligning the operations to a reduced tonnage profile
and improved efficiencies. Regretfully, this is expected to result
in job losses.
Production ramp-up at Williamson commenced during the first half
and 2.4 Mt ROM was processed in 9M
FY2022, yielding 147,876 carats, including the exceptional 32.32
carat pink stone sold during H1 FY 2022.
The diamond market
The strength of the diamond market was evident in the sales
results from Petra’s 4th Tender in March. Strong
demand for rough diamonds, with resultant price increases, was seen
across all size and quality categories. Like-for-like rough diamond
prices increased by 37.6% on Tender 3, which closed in December
2021.
The much stronger diamond market has been evident since mid-2021
with Q3 pricing for rough driven by strong sales of polished and
increased demand from the manufacturing centres, bolstered by
record sales during the festive season. We believe this market
dynamic reflects the structural change in underlying supply and
demand, which we expect to continue to be supportive. However, the
effects of the current conflict in Ukraine have led to some uncertainty as to the
impact on the global economy, which we expect will result in some
softening in prices from the highs seen in Q3 FY 2022.
Petra is closely monitoring the impact of the war in
Ukraine and sanctions on Russian
companies. We also continue to monitor COVID-19 and the
impact it may have on clients’ ability to attend tenders and we
will remain flexible in our approach to planning upcoming sales
events. The final sales for FY 2022 are planned for April and June,
bringing the number of tenders to six for FY 2022.
Strong cash generation supported by
Project 2022
Project 2022, a three-year project that commenced in
July 2019, is now in its final three
months. It has successfully increased cash generation through
increased production levels and reduced operating and capital
expenditure. The benefits are particularly reflected in the
improving operating performance at Cullinan and Finsch. Having
achieved net free cash flow of US$182
million for the thirty months to 31
December 2021, we are confident that the Project will
deliver over US$200 million in net
free cash flow for the three years to end June 2022, comfortably exceeding its US$100 to US$150
million target.
Continuous business improvement processes are now embedded in
the Company’s Operating Model and Organisational Design and is
expected to continue to drive future performance improvement.
Williamson Mine – Human Rights
update
As previously announced, Petra has implemented remedial
initiatives and is putting in place the Independent Grievance
Mechanism (“IGM”) as well as community programmes to address the
historical allegations of human rights abuses at the Williamson
mine in Tanzania. The Government
of Tanzania gave its approval to
proceed with local stakeholder engagement on the IGM in
February 2022 and the first phase
commenced during March. Further engagement will take place before
the IGM is launched. Following delays in the necessary stakeholder
engagements, the current target is for the IGM to become
operational during Q4 of this calendar year.
A number of other projects are being put in place to provide
sustainable benefits to the communities located close to the mine
funded by the one million pounds escrow account established by
Petra. The Gender Based Violence project completed all planned
activities in the first quarter of this calendar year and the next
step is to confirm community action plans with the district
commissioner. The medical services project continues to
provide physiotherapy services and further services are being
considered. Feasibility studies for the income generating projects
(agri business and artisanal mining) are also progressing.
More information on this can be found on Petra’s website at:
https://www.petradiamonds.com/our-operations/our-mines/williamson/allegations-of-human-rights-abuses-at-the-williamson-mine/.
Notes:
- The following definitions have been used in this
announcement:
- Exceptional Stones: diamonds with a valuation and selling
price of US$5m or more per
stone
- cpht: carats per hundred tonnes
- Kcts: thousand carats
- Kt: thousand tonnes
- LOM: life of mine
- LTI: lost time injury
- LTIFR: lost time injury frequency rate
- Mcts: million carats
- Mt: million tonnes
- FY: financial year
- Q: quarter of the financial year
- ROM: run-of-mine (i.e. production from the primary
orebody)
- SLC: sub level cave
- m: million
ABOUT PETRA DIAMONDS
Petra Diamonds is a leading independent diamond mining group and
a supplier of gem quality rough diamonds to the international
market. The Company’s portfolio incorporates interests in three
underground producing mines in South
Africa (Finsch, Cullinan and Koffiefontein) and one open pit
mine in Tanzania (Williamson).
Petra's strategy is to focus on value rather than volume
production by optimising recoveries from its high-quality asset
base in order to maximise their efficiency and profitability. The
Group has a significant resource base of ca. 230 million carats,
which supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest
ethical standards and only operates in countries which are members
of the Kimberley Process. The Company aims to generate tangible
value for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities.
Petra is quoted with a premium listing on the Main Market of the
London Stock Exchange under the ticker 'PDL'. The Company’s
US$336.7 million notes due in 2026
are listed on the Irish Stock Exchange and admitted to trading on
the Global Exchange Market. For more information, visit
www.petradiamonds.com.
APPENDIX
Corporate and financial summary
31 March 2022
|
Unit |
As at
31 March
2022 |
As at
31 December 2021 |
As at
30 June 2021 |
As 31
March
2021 |
Cash at bank –
(including restricted amounts)¹ |
US$m |
249.2 |
272.3 |
173.0 |
153.8 |
Diamond debtors |
US$m |
— |
0.4 |
38.3 |
2.6 |
Diamond
inventories2,3 |
US$m
Cts |
98.1
914,402 |
79.6
819,252 |
56.5
637,676 |
75.5
1,020,973 |
US$336.7m loan notes
(issued March 2021)4 |
US$m |
356.2 |
346.4 |
327.3 |
338.7 |
Bank loans and
borrowings5 |
US$m |
— |
78.6 |
103.0 |
108.4 |
Consolidated Net
debt6 |
US$m |
107.0 |
152.3 |
228.2 |
290.7 |
Bank facilities
undrawn and available5 |
US$m |
24.5 |
0.6 |
7.7 |
10.8 |
Note: The following exchange rates have
been used for this announcement: average for 9M FY 2022 US$1:
ZAR15.10 (9M FY 2021: US$1:
ZAR15.84, FY 2021: US$1: ZAR15.41);
closing rate as at 31 March 2022
US$1: ZAR14.60 (31 March
2021 US$1: ZAR14.77, 30 June
2021: US$1: ZAR14.27).
Notes:
- Cash at bank and diamond inventories include balances at
Williamson as at 31 March 2022
following the Company entering into the MoU with Caspian during December
2021. Comparatives for 31 December
2021, 30 June 2021 and
31 March 2021 have been adjusted to
include balances attributable to Williamson.
- Recorded at the lower of cost and net realisable
value.
- Diamond inventories includes the Williamson 71,654.45 carat
parcel of diamonds blocked for export during August 2017, with a carrying value of
US$10.6 million. Under the framework
agreement reached with the Government of Tanzania, as announced on 13 December 2021, the proceeds from the sale of
this parcel are required to be allocated to Williamson.
- The US$336.7 million loan
notes have a carrying value of US$356.2
million which represents the gross capital of US$336.7 million of notes, plus accrued interest
and net of unamortised transaction costs capitalised, issued
following the capital restructuring (the “Restructuring”) completed
during March 2021.
- Bank loans and borrowings represent amounts drawn under the
Group’s refinanced South African bank facilities as part of the
Restructuring and comprise the term loan and revolving credit
facility. Under the revolving credit facility, ZAR358.4 million (US$24.5
million) remains undrawn and available. During the Period,
the Group settled the revolving credit facility of ZAR404.6 million (US$27.7
million) (capital plus interest) and the term loan of
ZAR893.2 million (US$61.2 million) (capital plus interest). The
revolving credit facility remains available for drawdown with the
term loan being cancelled upon settlement.
- Consolidated Net Debt is bank loans and borrowings plus loan
notes, less cash and diamond debtors.
Q3 and 9M FY 2022 production and sales summary
Group
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M
FY 2022 |
9M
FY 2021 |
Variance |
Sales |
|
|
|
|
|
|
|
Diamonds sold |
Carats |
735,225 |
1,069,205 |
-31% |
2,331,076 |
2,782,002 |
-16% |
Revenue |
US$M |
140.6 |
106.0 |
+33% |
405.4 |
284.2 |
+43% |
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
ROM tonnes |
Mt |
2.8 |
1.7 |
+65% |
8.2 |
5.8 |
+41% |
Tailings &
other1 tonnes |
Mt |
0.1 |
0.1 |
n.a. |
0.4 |
0.3 |
+33% |
Total tonnes
treated |
Mt |
2.9 |
1.8 |
+61% |
8.6 |
6.1 |
+41% |
|
|
|
|
|
|
|
|
ROM diamonds |
Carats |
780,896 |
656,461 |
+19% |
2,430,885 |
2,301,307 |
+6% |
Tailings &
other1 diamonds |
Carats |
49,560 |
48,037 |
+3% |
176,995 |
144,053 |
+23% |
Total
diamonds |
Carats |
830,456 |
704,498 |
+18% |
2,607,880 |
2,445,360 |
+7% |
Cullinan – South Africa
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M FY
2022 |
9M
FY 2021 |
Variance |
Sales |
|
|
|
|
|
|
|
Revenue |
US$M |
73.7 |
62.9 |
+17% |
241.4 |
170.2 |
+42% |
Diamonds sold |
Carats |
409,030 |
651,268 |
-37% |
1,281,334 |
1,546,026 |
-17% |
Average price per
carat |
US$ |
180 |
97 |
+86% |
188 |
110 |
+71% |
|
|
|
|
|
|
|
|
ROM
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
1,053,631 |
1,054,978 |
-0% |
3,360,618 |
3,394,451 |
-1% |
Diamonds produced |
Carats |
404,473 |
388,666 |
+4% |
1,247,675 |
1,302,292 |
-4% |
Grade1 |
cpht |
38.4 |
36.8 |
+4% |
37.1 |
38.4 |
-3% |
|
|
|
|
|
|
|
|
Tailings
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
112,414 |
105,825 |
+6% |
350,706 |
327,210 |
+7% |
Diamonds produced |
Carats |
49,560 |
48,037 |
+3% |
176,995 |
144,053 |
+23% |
Grade1 |
cpht |
44.1 |
45.4 |
-3% |
50.5 |
44.0 |
+15% |
|
|
|
|
|
|
|
|
Total
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
1,166,045 |
1,160,803 |
+0% |
3,711,324 |
3,721,661 |
+0% |
Diamonds produced |
Carats |
454,033 |
436,703 |
+4% |
1,424,670 |
1,446,345 |
-1% |
Note: 1. Petra is not able to precisely measure
the ROM / tailings grade split because ore from both sources is
processed through the same plant; the Company therefore
back-calculates the grade with reference to resource
grades.
Finsch – South Africa
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M FY
2022 |
9M FY
2021 |
Variance |
Sales |
|
|
|
|
|
|
|
Revenue |
US$M |
39.2 |
31.4 |
+25% |
104.9 |
86.2 |
+22% |
Diamonds sold |
Carats |
259,164 |
391,921 |
-34% |
935,459 |
1,160,568 |
-19% |
Average price per
carat |
US$ |
151 |
80 |
+89% |
112 |
74 |
+51% |
|
|
|
|
|
|
|
|
ROM
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
656,408 |
460,057 |
+43% |
2,079,527 |
1,783,057 |
+17% |
Diamonds produced |
Carats |
303,591 |
253,607 |
+20% |
1,005,134 |
948,915 |
+6% |
Grade1 |
cpht |
46.3 |
55.1 |
-16% |
48.3 |
53.2 |
-9% |
|
|
|
|
|
|
|
|
Total
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
656,408 |
460,057 |
+43% |
2,079,527 |
1,783,057 |
+17% |
Diamonds produced |
Carats |
303,591 |
253,607 |
+20% |
1,005,134 |
948,915 |
+6% |
Note: 1. Petra is not able to precisely measure
the ROM / tailings grade split because ore from both sources is
processed through the same plant; the Company therefore
back-calculates the grade with reference to resource
grades.
Koffiefontein – South Africa
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M
FY 2022 |
9M
FY 2021 |
Variance |
Sales |
|
|
|
|
|
|
|
Revenue |
US$M |
5.4 |
11.7 |
-54% |
16.5 |
22.9 |
-28% |
Diamonds sold |
Carats |
6,269 |
26,007 |
-76% |
26,907 |
44,951 |
-40% |
Average price per
carat |
US$ |
856 |
451 |
+90% |
612 |
509 |
+20% |
|
|
|
|
|
|
|
|
ROM
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
76,453 |
130,494 |
-41% |
393,763 |
624,155 |
-37% |
Diamonds produced |
Carats |
7,829 |
14,188 |
-45% |
30,200 |
50,101 |
-40% |
Grade |
cpht |
10.2 |
10.9 |
-6% |
7.7 |
8.0 |
-4% |
|
|
|
|
|
|
|
|
Total
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
76,453 |
130,494 |
-41% |
393,763 |
624,155 |
-37% |
Diamonds produced |
Carats |
7,829 |
14,188 |
-45% |
30,200 |
50,101 |
-40% |
Williamson – Tanzania
|
Unit |
Q3
FY 2022 |
Q3
FY 2021 |
Variance |
9M FY
2022 |
9M FY
2021 |
Variance |
Sales |
|
|
|
|
|
|
|
Revenue |
US$M |
22.4 |
0 |
n.a |
42.6 |
4.6 |
n.a |
Diamonds sold |
Carats |
60,759 |
0 |
n.a |
87,370 |
30,339 |
n.a |
Average price per
carat |
US$ |
369 |
0 |
n.a |
488 |
150 |
n.a |
|
|
|
|
|
|
|
|
ROM
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
1,005,901 |
0 |
n.a |
2,360,017 |
0 |
n.a |
Diamonds produced |
Carats |
65,003 |
0 |
n.a |
147,876 |
0 |
n.a |
Grade |
cpht |
6.5 |
0 |
n.a |
6.3 |
0 |
n.a |
|
|
|
|
|
|
|
|
Total
production |
|
|
|
|
|
|
|
Tonnes treated |
Tonnes |
1,005,901 |
0 |
n.a |
2,360,017 |
0 |
n.a |
Diamonds produced |
Carats |
65,003 |
0 |
n.a |
147,876 |
0 |
n.a |