Petra Diamonds says it expects production to fall this year, as it closes the loss-making Koffiefontein mine, in South Africa, and works towards re-opening the Williamson mine, in Tanzania, after the breach of a tailings dam. The UK-based miner is forecasting a total output of 2.75Mcts to 2.85Mcts for 2023, down from 3.35Mcts in 2022. […]

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Shares in Petra Diamonds (LON:PDL) climbed more than 6% on Monday after the South African miner reported a 37 percent increase in full-year earnings thanks to higher output at its mines. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) jumped to $195.4 million from $142 million in the previous year, Petra said. However, the […]

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