LONDON (Alliance News) - BlueRock Diamonds PLC Tuesday said its pretax loss widened in 2014 due to costs related to trial mining at the Kareevlei project in South Africa, even as it produced its first revenue.
The diamond miner said its pretax loss for the year was GBP597,585, compared with a GBP590,100 loss in 2013 as operating expenses rose to GBP659,726 from GBP605,085.
BlueRock did generate its first revenue in the year - GBP65,000 from the sale of 462 carats at an average price of USD223 per carat.
The group intends to use the coming year to focus on the ramp up of production at Kareevlei.
Shares in BlueRock were untraded Tuesday, having last traded at 16.13 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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