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.

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