Petra Diamonds trims production guidance after earnings slide
20th Feb 2024 10:04
(Sharecast News) - Shares in Petra Diamonds were sliding on Tuesday morning, after the company reported a decline in first-half revenue and earnings and lowered its production outlook for the full year.
Read morePetra Diamonds sales rise slightly in fourth tender cycle of FY24
16th Feb 2024 09:06
(Sharecast News) - Mining company Petra Diamonds said on Friday that sales had slightly grown in 2024's fourth tender cycle, principally driven by higher prices throughout the period.
Read morePetra Diamonds on track, sees signs of price stabilisation
16th Jan 2024 11:32
(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra said it remains on track to hit its full-year production guidance and reported "encouraging" signs of a recovery in prices after a tough year for the industry.
Read morePetra Diamonds deferring capital spending amid weaker pricing
1st Nov 2023 08:56
(Sharecast News) - Petra Diamonds unveiled a series of strategic actions aimed at enhancing its financial resilience on Wednesday in response to challenges being posed by weaker diamond prices and market uncertainties.
Read morePetra sees another price drop at latest tender sale
6th Oct 2023 08:17
(Sharecast News) - Petra Diamonds achieved lower prices from its second tender of diamonds this fiscal year, as it rushed to offload gems ahead of a two-month ban on diamond imports to India.
Read morePetra director to leave as Monarch stake shrinks
15th Sep 2023 07:50
(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra has announced that non-executive director Johannes Bhatt is leaving the board as a result of a reduction in the stake of major shareholder Monarch.
Read morePetra Diamonds see prices drop in first tender of new year
25th Aug 2023 08:02
(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra Diamonds generated $79.3m in sales from its first tender of the new calendar year, but gave a cautious outlook for pricing going forward.
Read morePetra Diamonds cuts forecasts, shares fall
16th Jan 2023 11:44
(Sharecast News) - Shares in Petra Diamonds lost their shine on Monday after the London-listed miner cut its production guidance.
Read morePetra says diamond price trends picking up
13th Dec 2022 10:23
(Sharecast News) - Petra Diamonds said on Tuesday that it achieved $42.3m in sales in its third tender for FY23, with 305,366 carats sold.
Read morePetra mulling next steps after assessing tailings dam breach
30th Nov 2022 08:33
(Sharecast News) - Petra Diamonds updated the market on the 7 November tailings storage facility wall breach at the Williamson mine in Tanzania on Wednesday, reporting that its assessment team found there was a "low risk" of further breaches of the facility, or a breach of the New Alamasi water dam.
Read moreProduction at Petra Diamonds Williamson mine suspended for up to 3 months
10th Nov 2022 14:48
(Sharecast News) - Petra Diamonds said on Thursday that production from the Williamson mine in Tanzania is expected to be suspended for up to three months following a wall breach and flooding at the tailings storage facility (TSF).
Read moreBerenberg raises target price on Petra Diamonds
14th Sep 2022 10:29
(Sharecast News) - Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107.0p to 130.0p on Wednesday, updating its model for the group following its full-year results.
Read morePetra Diamonds upbeat on preliminary, tender results
13th Sep 2022 07:44
(Sharecast News) - Petra Diamonds reported record preliminary full-year results on Tuesday, with revenue rising 44% to $585m, as it launched a $150m tender offer to reduce its debt and recorded strong sales in its first tender for the new year.
Read moreBerenberg lowers Petra Diamonds to 'hold'
27th Oct 2021 10:53
(Sharecast News) - Analyst at Berenberg downgraded Petra Diamonds from 'buy' to 'hold' on Wednesday, stating now was the time to take some profit.
Read morePetra hails 'watershed' year as revenues jump
14th Sep 2021 12:31
(Sharecast News) - Petra Diamonds has announced a jump in final revenues, after what the mining firm called a "watershed" year.
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