Petra Diamonds' Q1 revenue up helped by inventory sales, prices
JOHANNESBURG, Oct 27 (Reuters) - Petra Diamonds' first-quarter revenue climbed 33% year on year helped by inventory sales and a 21% increase in diamond prices since the start of the pandemic, the miner said on Tuesday.
Revenue for the quarter to Sept 30 was $82 million. Production fell 10% year on year to 974,346 carats as Petra's Williamson mine in Tanzania remained shut.
The miner kept production guidance for the full-year 2021 suspended.
(Reporting by Helen Reid; editing by Jason Neely)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.