Gem Diamonds Appraising Costs, Output Plans Due to Stormy Weather

Mining and Exploration
10/08/2016 10:46

Extremely stormy weather in Lesotho has damaged power lines to Gem Diamonds' Letseng mine, leading the miner to say it might need to reassess its full-year guidance for operating costs and ore tonnes treated. However, the company, which mines diamonds at the Ghaghoo mine in Botswana as well as at the Letseng mine in Lesotho said it did not expect carats recovered to be materially affected. Gem Diamonds said full-year guidance for carats recovered would likely be within original guidance.