Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

BlueRock moves to continuous operations

Fri, 15th Mar 2019 11:02
(Sharecast News) - Diamond miner BlueRock has been granted the necessary permissions to allow it to move to 365-day operations.BlueRock told investors on Friday that it was now in the process of finalising its preparations for the move to continuous operations and noted that, although the move was "slightly later than had been anticipated", the delay had not brought about "any material impact" upon its production guidance of between 35,000 tonnes and 45,000 tonnes in the first quarter of the year.In fact, BlueRock said its production volume for the first quarter was expected to be "nearer the upper end" of its guidance range.Chief executive Adam Waugh said: "The move to 365-day operations is a significant step in our drive to increase production volumes and move towards profitability."We look forward to updating the market as further progress is made."As of 1100 GMT, BlueRock shares had picked up 4.40% to 0.26p.

Shares in this article

Related News

IN BRIEF: BlueRock Diamonds to exit administration via dissolution
31 Jul 2023

IN BRIEF: BlueRock Diamonds to exit administration via dissolution

BlueRock Diamonds PLC - South Africa-focused diamond miner - SP Angel Corporate Finance LLP steps down as nominated advisor. BlueRock's shares were su...

TRADING UPDATES: New patents for Sareum; Guanajuato hails assessment
26 Jun 2023

TRADING UPDATES: New patents for Sareum; Guanajuato hails assessment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:

Andrada Mining + 3 more shares
TRADING UPDATES: Woodbois strikes repayment deal with Sydbank
6 Jun 2023

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Phoenix Copper Limited + 2 more shares