Proactive Investors - Run By Investors For Investors

Improvement in diamond market could deliver significant margin uplift for Firestone Diamonds

Paul Bosma, chief executive of Firestone Diamonds plc (LON:FDI), updates Proactive London on operations at its Liqhobong Diamond Mine in Lesotho.

Bosma says on the production front all's going well.

''Over the previous financial year the plant produced well over 3.8 million tonnes, we recovered 835,000 carats ... we're halfway through our financial year now and we're aiming to surpass that''.

Last month a 70-carat diamond was recovered which this week is being sold.

Liqhobong has yielded several large diamonds for Firestone in recent years - in December a 46-carat stone was unearthed and sold for just over US$1mln.

 
Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full FDI profile View Profile

Firestone Diamonds Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use