Business
IMS and Q3 FY 2012 Production and Sales Report
IMS and Q3 FY 2012 Production and Sales Report.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 9536C Petra Diamonds Limited 09 May 2012 \n \n\n \n\n\n\n\n \n9 May 2012\n\n\n \nLSE: PDL\n\n\n\n\n \n \nPetra Diamonds Limited\n(\"Petra\" or the \"Company\" or the \"Group\")\n \nInterim Management Statement and Q3 FY 2012 Production and Sales Report \n \n \nPetra Diamonds Limited announces its Interim Management Statement (\"IMS\") for the period from 1 January 2012 to 8 May 2012, covering production and sales from 1 January 2012 to 31 March 2012 (\"Q3\" or \"the Period\").\n \n \nHIGHLIGHTS\n· Strong production growth, 622,509 carats for the Period, 1,576,061 carats year to date - up 126% on Q3 FY 2011 (275,526 carats).\n· Petra remains on track to achieve its stated FY 2012 production target of over 2 million carats (\"Mcts\").\n· Revenue for the Period of US$98.0 million, almost equal to H1 FY 2012 (US$101.4 million), boding well for full year FY 2012 revenues.\n· Entry into the FTSE 250 Index.\n \n \nQ3 Production and Sales - Summary \n \n\n\n\n\n\n\n\nUnit\n\n\nQ3 \nFY 2012\n\n\nQ3 \nFY 2011\n\n\nVariance\n\n\nNine months to 31 March 2012\n\n\nNine months to 31 March 2011\n\n\nVariance\n\n\n\n\nProduction\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nROM diamonds\n\n\nCarats\n\n\n522,934\n\n\n252,008\n\n\n108%\n\n\n1,340,094\n\n\n785,920\n\n\n71%\n\n\n\n\nTailings and alluvial diamonds\n\n\nCarats\n\n\n99,574\n\n\n23,518\n\n\n323%\n\n\n235,967\n\n\n71,709\n\n\n229%\n\n\n\n\nTotal diamonds\n\n\nCarats\n\n\n622,509\n\n\n275,526\n\n\n126%\n\n\n1,576,061\n\n\n857,629\n\n\n84%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSales\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDiamonds sold\n\n\nCarats\n\n\n626,958\n\n\n268,548\n\n\n134%\n\n\n1,305,730\n\n\n852,782\n\n\n53%\n\n\n\n\nGross revenue\n\n\nUS$M\n\n\n98.0\n\n\n52.3\n\n\n87%\n\n\n199.3\n\n\n142.3\n\n\n40%\n\n\n\n\nNote: For mine by mine production and sales data, please refer to the appendix to this announcement.\n \n \nJohan Dippenaar, Chief Executive Officer, commented:\n\"These results demonstrate Petra's credentials as a high growth company, as we continue on our path to significantly ramp up annual production, with the goal of reaching over 5 ...