Petra Diamonds (GB:PDL) has released an update.
Petra Diamonds has announced a strategic update, revealing cost reductions of $30 million annually from FY 2025, aiming for sustainable cash flows and significant production growth to over 3.4 million carats by FY 2028. Additionally, the company has appointed Johan Snyman as the new Chief Financial Officer, effective October 2024. The update also includes details on reduced debt through market purchases and future guidance for diamond recovery and financial performance.
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