IN BRIEF: Petra Diamonds loss widens as costs outpace revenue growth
24th Sep 2024 15:02
Petra Diamonds Ltd - Diamond miner in South Africa and Tanzania - Pretax loss widens to USD136 million in the financial year ended June 30, from USD39 million a year prior. Revenue climbs 13% to USD367 million from USD325 million. The average realised price per carat declines by 17% to USD116 from USD139. Mining and processing costs increase 32% to USD393 million from USD297 million. Total net operating costs increase 57% to USD479 million from USD305 million. Read More