Petra Diamonds revenue falls due to lower diamond prices; output up
(Alliance News) - Petra Diamonds Ltd on Tuesday reported a decline in revenue despite an uptick in production and sales, as the price of diamonds fell.
Read moreFri, 12th Mar 2021 13:25
(Alliance News) - Petra Diamonds Ltd on Tuesday reported a decline in revenue despite an uptick in production and sales, as the price of diamonds fell.
Read more(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 more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read morePetra Diamonds Ltd - diamond mining group focused on southern Africa - Signs non-binding term sheet with an unnamed party for the sale of its Koffiefontein diamond mine in South Africa. The company has been considering an exit from the site since April 2022, and continues to move towards the mine's closure. A closure application is expected to be submitted to the South African Department of Mineral Resources & Energy in February 2024, which will only be withdrawn upon this potential sale's completion. The sale would also be subject to the consent of the DMRE. Petra says it is committed to ensuring the future owner "has the technical and financial capability to conduct operations in a responsible manner for all stakeholders".
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
Read more(Alliance News) - Petra Diamonds Ltd on Friday said the increase of its revolving credit facility has been approved, while also reporting a growth in diamond prices at its latest tender sale.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News:
Read morePetra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Chief Executive Officer Richard Duffy buys 266,411 shares for total GBP128,194. Price range of shares vary from 45.65 pence each to 48.75p each.
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Libertine Holdings PLC | AGM |
SIMEC Atlantis Energy Ltd | EGM re appointment of Nexia Singapore PAC as auditors |
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Ironveld PLC | GM re fundraising |
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Tuesday 14 November | |
Celsius Resources Ltd | AGM |
Essentra PLC | GM re movement of merger relief reserve |
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Petra Diamonds Ltd | AGM |
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Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Cuts back capital expenditure plans for financial year 2024 by up to USD65 million, in response to diamond market weakness. Last month, Petra reported a 17% decline in prices at its second tender of stones for the financial year. The spending cuts include deferrals of work programmes at the Cullinan and Finsch mines in South Africa, as well as the deferral of USD3 million to USD5 million in sustaining capital expenditure compared to prior guidance. Petra also will cut operating costs by USD7 million to USD10 million. Petra is in talks with Absa Bank, part of Absa Group Ltd, in South Africa to increase its existing ZAR1 billion revolving credit facility by up to ZAR750 million, about USD40 million. A decision in-principle is expected during November.
Read more(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 more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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888 Holdings PLC | Trading Statement |
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BHP Group Ltd | Trading Statement |
Cirata PLC | Trading Statement |
Hochschild Mining PLC | Trading Statement |
Liontrust Asset Management PLC | Trading Statement |
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Segro PLC | Trading Statement |
Sosandar PLC | Trading Statement |
Whitbread PLC | Half Year Results |
Thursday 19 October | |
AJ Bell PLC | Trading Statement |
Centamin PLC | Q3 Results |
Deliveroo PLC | Trading Statement |
Dunelm Group PLC | Trading Statement |
GB Group PLC | Trading Statement |
Gear4Music PLC | Half Year Results |
Hargreaves Lansdown PLC | Trading Statement |
London Stock Exchange Group PLC | Trading Statement |
Man Group PLC | Trading Statement |
Mondi PLC | Trading Statement |
PensionBee Group PLC | Trading Statement |
Rathbones Group PLC | Trading Statement |
Relx PLC | Trading Statement |
Rentokil Initial PLC | Q3 Results |
Sabre Insurance Group PLC | Trading Statement |
Schroders PLC | Trading Statement |
St James's Place PLC | Trading Statement |
Friday 20 October | |
Foxtons Group PLC | Trading Statement |
InterContinental Hotels Group PLC | Trading Statement |
Record PLC | Trading Statement |
Monday 23 October | |
Shanta Gold Ltd | Trading Statement |
South32 Ltd | Trading Statement |
Tuesday 24 October | |
Angling Direct PLC | Half Year Results |
Anglo American PLC | Trading Statement |
Barclays PLC | Q3 Results |
Bunzl PLC | Trading Statement |
FD Technologies PLC | Half Year Results |
Gattaca PLC | Full Year Results |
Petra Diamonds Ltd | Q1 Results |
Scancell Holdings PLC | Full Year Results |
Softcat PLC | Full Year Results |
Travis Perkins PLC | Trading Statement |
Trifast PLC | Trading Statement |
WAG Payment Solutions PLC | Trading Statement |
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Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Reports full results of the second tender of financial year 2024. Sells 444,029 carats of diamonds for a total of USD40.5 million, down from 696,194 carats for USD79.3 million in tender 1, held in August. The recent sale includes 37,856 carats of diamonds from the Williamson mine in Tanzania, sold for USD7.7 million.
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