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ASA Resources reports strong Q1 gold, diamond sales

Multicommodity miner ASA Resources recorded a strong quarter to June 30, with gold sales up 2% quarter-on-quarter to 14 463 oz and diamond sales up 74% quarter-on-quarter to 30 888 ct. The Aim-listed company attributed the growth in gold sales to higher head grade at its Freda Rebecca operation, in Zimbabwe, which increased by 9% to 1.96 g/t, from the 1.8 g/t reported in the fourth quarter of the 2016 financial year, despite its milling capacity being out of sync with its mining capacity.