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Pin to quick picksBlueRock Diamonds Share News (BRD)

Share Price Information for BlueRock Diamonds (BRD)

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Share Price: 45.50
Bid: 42.00
Ask: 49.00
Change: 0.00 (0.00%)
Spread: 7.00 (16.67%)
Open: 45.50
High: 45.50
Low: 45.50
Yest. Close: 45.50
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IN BRIEF: BlueRock Diamonds Pleased With Record Third Quarter

Tue, 13th Oct 2020 21:00

BlueRock Diamonds PLC - South African-focused miner - Reports record quarter of production in third quarter. Tonnes sorted up 34% year on year to 123,727, with carats produced up 40% year on year to 5,577. Notes record grade achieved, with carats per hundred tonnes at 4.51 versus previous record of 4.3. Despite this, carats sold falls 8% year on year to 3,803, with average price per carat down 28% to USD330.

Executive Chair Mike Houston said: "I am pleased to report a record quarter for three of our main KPIs: production, carats produced and grade. Volumes have been strong even though we are still using our old plant; this bodes well for the future.

"The increase in grade is particularly pleasing as it follows a period of low grade whilst we concentrated on creating the Main Pit; we are confident that we will be able to meet or exceed our long term guidance of between 4.0 cpht and 4.6 cpht."

Current stock price: 58.63 pence

Year-to-date change: down 47%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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