Firestone increases guidance as Liqhobong throughput rises

June 22, 2017

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Firestone Diamonds now expects to recover around 360 000 ct of diamonds in the financial year ending June 30, against April’s guidance of 300 000 ct, owing to operational ramp-up at its Liqhobong mine, in Lesotho, achieving nameplate throughput capacity on multiple occasions since the start of operations. The Aim-listed diamond miner has also started quarterly repayments under the terms of its $82.4-million Absa debt facility and made its first capital …

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