The De Beers Group lost about US$2.4 billion in 2023 sales, and its capital expenditure was US$623 million.
In 2022, De Beers made US$6,6 billion, compared to US$4,3 billion in 2023.
Group capital expenditure increased from US$593 million in 2022 to US$623 million in 2023.
All the mining jurisdictions recorded an increase in capital expenditure. In Botswana, capital expenditure rose from US$70 million to US$74 million; in Namibia, it went up from US$34 million to US$35 million; South Africa’s cost was US$403 million, up from US$378 million; and Canada recorded US$63 million from US$48 million.
The company’s production volumes also tumbled from 34.7 million in 2022 to 31.7 million in 2023.
The loss could be attributed to South African operations, which recorded 2 million compared to 5.5 million in 2022.
Operations in Namibia, Botswana, and Canada recorded marginal gains.
Namibia recorded 2.32 million carats, unlike 2022’s 2.31 million. Botswana had 24.7 million carats, compared to 24.1 million, and Canada had 2.83 million, compared to 2.81 million in 2022.
Earnings before interest, taxes, depreciation, and amortization declined from US$1.4 million in 2022 to US$72 million.
EBITDA declined in Namibia, Botswana, and South Africa, except in Canada.
Namibia dropped from US$159 million to US$181 million, Botswana from US$412 million to US$614 million, and South Africa from US$26 million to US$413 million. Canada gained from US$10 million in 2022 to US$35 million in 2023.
