BlueRock Diamonds PLC (LON:BRD) has received the necessary permissions to allow it to move to 365-day operations at the Kareevlei Diamond Mine in the Kimberley region of South Africa and said it expects first-quarter production to be near the upper end of guidance.
The AIM-listed diamond mining company, which owns and operates Kareevlei, said it is now finalising its preparations for the move to continuous operations.
It pointed out that, although this is slightly later than had been anticipated, it has not had any material impact upon published guidance for production volume in the first-quarter of 2019 for between 35,000 tonnes to 45,000 tonnes.
The group said production volume for the first quarter is expected to be nearer the upper end of this range.
It added that a further update on full-year production guidance for 2019 will be released in due course.
Adam Waugh, BlueRock’s CEO, commented, "The move to 365-day operations is a significant step in our drive to increase production volumes and move towards profitability. We look forward to updating the market as further progress is made."