Overview
Petra Diamonds produced 3.2 million carats in the financial year ended 30 June 2015, up 2% from the previous year and in line with company guidance. The company expects production to increase to 3.3-3.4 million carats in FY2016 and targets production of 5.0 million carats by FY2019 as mining at the Cullinan mine moves to higher grade zones on the western side of the orebody.
Revenue for FY2015 was US$425.0 million, 10% lower than the previous year mainly as a result of lower prices received from diamond sales.
Net debt at 30 June 2015 was US$172.1 million (30 June 2014: US$124.9 million).
Petra grows diamond production marginally: PDL