Petra Diamonds Correction to H2 FY 2023e operating cost guidance

 
TIDMPDL 
 
27 February 2023                                                        LSE: PDL 
 
 
                            Petra Diamonds Limited 
                         ("Petra") or the ("Company") 
 
               Correction to H2 FY 2023e operating cost guidance 
 
Petra announces that its updated cost guidance, issued on 21 February 2023, 
overstated H2 FY 2023e operating costs which should be reduced to US$120 - 
135m. A corrected version may be found in the Analyst guidance section of the 
Company's website at: https://www.petradiamonds.com/investors/analysts/ 
analyst-guidance/ 
 
                                    Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                  Telephone: +44 20 7494 8203 
 
Patrick Pittaway 
investorrelations@petradiamonds.com 
 
Julia Stone 
 
About Petra Diamonds Limited 
 
Petra Diamonds is a leading independent diamond mining group and a supplier of 
gem quality rough diamonds to the international market. The Group's portfolio 
incorporates interests in three underground mines in South Africa (Cullinan 
Mine, Finsch 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 
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 Group 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 Group's loan 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. 
 
 
 
END

(END) Dow Jones Newswires

February 27, 2023 02:00 ET (07:00 GMT)

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