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Mining.com reported that the shares of Petra Diamonds (LSE:PDL) fell on Friday after the company forecast its full year revenue below market expectations due to the modest sales at its its Finsch and Cullinan mines in South Africa.
Mining.com reported that the shares of Petra Diamonds (LSE:PDL) fell on Friday after the company forecast its full year revenue below market expectations due to the modest sales at its its Finsch and Cullinan mines in South Africa.
As quoted in the market news,
The announcement sent Petra’s shares down as much as 11% in early trade, as the miner said sales for the year to the end of June would be about $430m. The consensus of analyst forecasts had the company reporting revenues of $442m, compared with $470m last year.