Petra Diamonds adjusts strategy amid 2024 market challenges

  • 📰 mining
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

No 1 source of global mining news and opinion

a $367-million revenue for its fiscal year 2024, slightly higher than the $325 million achieved last year, despite weak market conditions, higher costs and lower diamond prices.

A build-up of diamond inventory in FY 2023 of $34 million and a subsequent release in FY 2024 of $37 million contributed to adjusted mining and processing costs increasing from $202 million in 2023 to $296 million this year, Petra said. Despite market challenges, Petra remains confident in its FY 2025 outlook. The company’s South African mines, now accessing fresh ore from newly developed project areas, alongside the Williamson mine in Tanzania, which is operating at full production, are central to this optimism.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 449. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Road House’s CGI Fight Scenes Addressed By Director After Action Industry Criticism: “I Could Never Go Back”Jake Gyllenhaal in an MMA fight in 2024&39;s Road House
Fonte: screenrant - 🏆 7. / 94 Consulte Mais informação »