BlueRock H1 revenues hit £2.8m

BlueRock Diamonds, the AIM-listed diamond mining company, has reported a 118% year-on-year increase to revenues of £2.8m in H1 FY21.

The group, which owns the Kareevlei Diamond Mine in South Africa, also saw operating losses reduced 64% year-on-year to £538,000.

During the period, overall carats produced at the mine jumped 79% when compared to the six months ended 30 June 2020, reaching 8,949.

Moreover, BlueRock saw a 40% year-on-year spike in the sales price per carat of $436 (£319).

Mike Houston, executive chairman at the group, said: “The first half of the year has been a challenging one and despite the delays in the expansion project, good progress has been made on a number of fronts.

“The market rebounded in early 2021 with excellent prices achieved throughout the period and there is a very positive outlook for the remainder of 2021.”

Looking ahead, Houston highlighted the discovery of “several large stones” that has “further confirmed the potential” of BlueRock’s Kareevlei operation.

Source link

We will be happy to hear your thoughts

Leave a reply