In the media

DiamondCorp net losses narrow

13 May 2013

Source: www.stockmarketwire.com

DiamondCorp posts net losses of £3,534,940 for the year to the end of December - down from £4,239,146 for 2011.

The company said it has received a further $6m in term loan funds received from Tiffany & Co subsidiary Laurelton Diamonds since the year end and progress on box cut and ramp development was on schedule and within budget.

Chairman Euan Worthington and chief executive Paul Loudon said: "In our statement a year ago, we wrote about the good and bad luck that had come our way.

"This roller-coaster theme continued in 2012 but thanks to everyone's perseverance, enthusiasm and support, we are now on the way to developing the 47 Level block cave at Lace.

"Once established, this should provide production for at least the next seven years, while subsequent block caves planned for the 670 and 850m levels will allow us to access the currently defined mine resource of 13.3 million carats over the next 25 years. With the pipe open at depth, Lace should operate for longer than this."

Useful links

Mining news links sites

Mineweb
Mineweb is a web-based international mining publication focusing on mining financial and corporate news and comment.
www.mineweb.com
Miningmx
Miningmx is a new online mining media enterprise, a publication held in joint venture with Finance Week, a business unit of Media 24 which is, in turn, a division of South Africa’s largest media group, the US-listed Naspers Limited.
www.miningmx.com
Minesite
Informed comments and independent mining news.
www.minesite.com
Resource Investor
Resource Investor provides unique independent news, analysis, commentary and analytics on the sectors with the goal of empowering readers with information.
www.resourceinvestor.com



© 2017 – DiamondCorp Plc  |  Register for alerts |Glossary | Sitemap | Disclaimer
Produced by: Russell & Associates