S6 Ep7: Midweek Takeaway featuring Adam Wilson, CEO of Bens Creek (AIM:BEN) #BEN

Phil Carroll and Kevin Hornsby talk to Adam after the company announced its annual results for the year ending 31 March 2023. The highlights include a significant increase in raw tons produced from 63,562 in 2022 to 494,861 in 2023 and revenue growth from $5.4m to $42.2m. However, there was a financial downturn with a loss before taxation of $24.7m, compared to a profit of $25.3m in the previous year. Operational milestones included remediation of mining infrastructure, an increase in coal production, and the addition of a second High Wall Miner for better production. The company faced challenges including a storm emergency in August 2022 and coal price fluctuations. However, with the support of shareholders like Avani and their distributors, Integrity, they remain optimistic for the future. CEO Adam Wilson stated that while the dip in coal prices affected results, the new financial year looks promising with improved production and rising coal prices.Disclaimer & Declaration of InterestThe information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion