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BlueRock sales pick up following move to continuous production

Tue, 02nd Apr 2019 11:26

(Sharecast News) - AIM-listed diamond producer Bluerock saw production and sales increase during the first quarter of its trading year.Bluerock reported a 12% increase in first-quarter tonnage to 42,409 tonnes and also recovered two particularly large stones during the three months ended 31 March - an 8.97-carat diamond which it offloaded for $74,513 and a 16.28-carat diamond which it sold for $78,947.Average grades improved to 3.41 carats per hundred tonnes - 4% ahead of Bluerock's 2018 average.Bluerock sold 1,847 carats in the quarter, an 18% year-on-year improvement, at an average price per carat of $371 each, which was 10% above its prior year average.Chief executive Adam Waugh said: "I am pleased that the volumes for Q1 are at the higher end of our expectations despite the temporary suspension for 8 days in February."Looking forward, Waugh added: "We commenced 7 days a week operations on the 26 March 2019, the results of which are beginning to come through assisted by significant strengthening of our mining team in Kimberley."We have further work to do in improving our operations and look forward to updating the market on our plans and production guidance for the full year in due course."As of 1125 GMT, Bluerock shares had climbed 5.53% to 0.25p.
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20 Sep 2018 13:33

BlueRock Diamonds Widen Interim Loss On Foreign Exchange Price Rises

LONDON (Alliance News) - BlueRock Diamonds PLC on Thursday reported a widened loss in the first half despite multiplying its revenue.In the six months ended June, BlueRock posted a pretax a

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24 Aug 2018 13:39

BlueRock Diamonds pleased with crushing circuit performance

(Sharecast News) - Diamond producer BlueRock Diamonds announced on Friday that its crushing circuit was now processing at or above its target production level of around 80 tonnes an hour, following the installation of a second cone crusher and the implementation of optimisation initiatives.

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17 Aug 2018 12:40

BlueRock Further Details Security Loan From Chairman And CEO

LONDON (Alliance News) - Mining company BlueRock Diamonds PLC on Friday released further details of the loan which forms part of a negotiation between BlueRock and its former chief of terms were a

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10 Aug 2018 12:15

BlueRock Diamonds reaches agreement with former chief executive

(Sharecast News) - BlueRock Diamonds said it had reached an agreement that will see former chief executive Riaan Visser's claim against one of the firm's subsidiaries be struck from the court roll.

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10 Aug 2018 11:12

Former BlueRock Diamonds CEO Agrees To Halt Subsidiary Liquidation

LONDON (Alliance News) - South-Africa focused mining company BlueRock Diamonds PLC on Friday said its former chief executive officer has agreed to halt liquidation proceedings for Kareevlei Mining

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7 Aug 2018 11:33

BlueRock Diamonds Says Former CEO To File To Liquidate Subsidiary

LONDON (Alliance News) - BlueRock Diamonds PLC said Tuesday its former chief executive officer will apply this Friday to place one of its company's operating subsidiaries in provisional in the

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29 Jun 2018 15:17

BlueRock Diamonds Annual Loss Widens Despite Production Boost

LONDON (Alliance News) - Diamond producer BlueRock Diamonds PLC said Friday it saw a widened annual loss despite reaching its two primary production objectives.Shares in BlueRock were up at

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31 May 2018 10:56

BlueRock Diamonds Nets GBP350,000 After Placing Shares To Fund Works (ALLISS)

LONDON (Alliance News) - BlueRock Diamonds PLC on Thursday said it has raised GBP350,000 in a discounted share placing to fund work at its KV01 operations in South Africa.The company placed

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31 May 2018 10:54

WINNERS & LOSERS SUMMARY: FirstGroup Swings To Loss, CEO Departs

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 4.7%. The Irish building materials company

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19 Mar 2018 17:33

BlueRock Diamonds Raises GBP500,000 Via Share Placing, Subscription (ALLISS)

LONDON (Alliance News) - BlueRock Diamonds PLC on Monday said it has raised approximately GBP500,000 through the issue of 33.3 million shares at a price of per

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14 Feb 2017 10:50

BlueRock Diamonds' shares up after Kareevlei operations update

(ShareCast News) - Shares in BlueRock Diamonds are up more than 5% thanks to a well-received update on operations at Kareevlei, its licence area in the Northern Cape of South Africa. The licence area contained five known kimberlite pipes. "The first blast of the current series was completed success

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6 Feb 2017 15:48

BlueRock Diamonds works through 'frustrating' delay

(ShareCast News) - BlueRock Diamonds updated the market on operations at Kareevlei, its licence area in the Northern Cape of South Africa containing five known kimberlite pipes, on Monday. The AIM-traded firm said significant recent rainfall caused some delays to the recommencement of operations, bu

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6 Feb 2017 11:21

BlueRock Diamonds Says Kareevlei Restart Hampered Further By Rainfall

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9 Dec 2016 14:26

BlueRock Diamonds enters agreement with John Kilham

(ShareCast News) - BlueRock Diamonds announced on Friday that, following the resignation of John Kilham on 19 October, the company announces that it has entered into an acquisition and settlement agreement with Kilham in order to resolve outstanding matters. The AIM-traded firm said that, under the

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2 Nov 2016 11:07

BlueRock Diamonds raises £750,000 to invest in South Africa mine

(ShareCast News) - Explorer BlueRock Diamonds has raised £750,000 from an equity placing on AIM and a loan note extension in order to invest in its Kareevlei mine in South Africa. About 16.8m shares were issued of 1p each sold at 4p raised £675,000 and an extension to a convertible loan note raised

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