The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.
Firestone Diamonds Mining News
The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
Company released results of independent analysis conducted over the past 22 months at its Liqhobong mine in Lesotho.
Focuses on ramping up producing in Lesotho, with goal of over one million carats per year.
The company sold a total of 63,991 carats of rough gems in October and November.
Firestone Diamonds (LON:FDI) announced Thursday that it has partnered up with First Element Diamond Services and opened a new tender facility at the Antwerp World Diamond Centre, in Belgium.
Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.
Africa-focused junior miner Firestone Diamonds reported that the quality and value of diamonds recovered at its Liqhobong plant in Lesotho has improved since the company shut down the plant in July.
Junior miner Firestone Diamonds announced today it has found three large diamonds at its Liqhobong mine in Lesotho and that first quarter production at the location was looking up.
The future of about 160 workers at BK11 diamond mine in Botswana is in the balance after UK-based owner, Firestone Diamonds (LON:FDI), suspended operations yesterday.