RNS - Strong Market11 Jul 2022 19:28
Very positive forward looking statement CEO:
"The market has remained buoyant for non-Russian rough diamonds in the period under review and Kareevlei has averaged $576 a carat in the quarter, 35% up on the $428 a carat achieved during the same period last year. With the ongoing tightness of supply of rough diamonds and the expected recovery of the Chinese retail market, the outlook for the rest of the year for rough diamond prices is positive.
"With additional financing secured, we will continue to focus our efforts on optimising our mining operations at Kareevlei to benefit fully from the potential of the new plant and take advantage of what is a strong market, and I look forward to providing further updates throughout the year as the positive trajectory that we have seen in recent weeks hopefully continues throughout Q3 and into Q4."