Firestone Diamonds: Liqhobong On Track for Production Start in Q4

Mining and Exploration
16/03/2016 16:36

Firestone Diamonds plc says the Liqhobong Mine in Lesotho in which it has a 75% stake, is 68% complete and on track for production to begin in the fourth quarter of this year. Firestone also reported that its losses for the first half of this year rose to $4.6 million from $4.4 million in the same period of last year. The company expects that once full production begins next year it will produce an estimated 1 million carats annually.