Petra has released its H1 Operating Update this morning. The key figures of diamonds sold and revenue came in line. Overall, though, it has been a difficult first half with the failure of the tailings dam at Williamson in Tanzania, tonnages at Finsch coming under pressure due mainly to equipment issues and Cullinan suffering grade decline due to dilution. This has not been helped by the previously reported collapse/closure of two of the tunnels in the block cave which will take until FY24 to re ....
16 Jan 2023
Petra Diamonds (LSE: PDL) - H1 FY23 Operating Update
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Petra Diamonds (LSE: PDL) - H1 FY23 Operating Update
Petra Diamonds Limited (PDL:LON) | 40.0 0 0.0% | Mkt Cap: 77.7m
- Published:
16 Jan 2023 -
Author:
David Butler -
Pages:
5
Petra has released its H1 Operating Update this morning. The key figures of diamonds sold and revenue came in line. Overall, though, it has been a difficult first half with the failure of the tailings dam at Williamson in Tanzania, tonnages at Finsch coming under pressure due mainly to equipment issues and Cullinan suffering grade decline due to dilution. This has not been helped by the previously reported collapse/closure of two of the tunnels in the block cave which will take until FY24 to re ....