Mike Houston, Executive Chairman commented, “I am pleased with the recovery and sale of yet another high value diamond which continues to underpin the increasing potential of the Kareevlei mine.
I look forward to updating our shareholders in the Q3 2019 quarterly update.”
BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa (“Kareevlei” or the “Project”), is pleased to announce that it has sold a 10.6 carat diamond for USD103,000 (USD9,751/carat), in the September tender.
This is the sixth diamond that has been sold this year at a price of in excess of USD50,000 realising a total sale price of USD600,000 for these six stones.
The full tender results and production numbers for the quarter will be announced in the Q3 update, which will also include more details on costs along with updated guidance for FY2019.
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned