Firestone Diamonds, which owns diamond mine Likhobong (Liqhobong) in Lesotho, said its losses for the first half of fiscal year 2017 increased to $ 8.8 million, versus $ 4.6 million a year earlier.
Losses per share amounted to 2 cents during the period against 1.5 cents recorded in the first half of 2016 fiscal year.
The Firestone, who spent the first two tenders of diamonds in February and March, received $ 13.7 million from the sale of 127,590 carats with the average price of $ 107 per carat.
The company said that the mine commissioning is progressing at a good pace thanks to the extraction of diamonds of special sizes and a gradual increase of their content in the rock.
Total during the period was processed a total of 402,440 tons of ore from which received 57,723 carats.
The company was found 37-carat white diamond, as well as 20 special stones larger than 10.8 carats, and a few fancy yellow stones.
"Completion of the diamond mine Likhobong and the start of production in October 2016 are two important milestones for the company and I would like to sincerely thank the whole team who made this possible," - said CEO Stuart Brown (Stuart Brown).
"This is a very successful project in terms of construction and commissioning We are all very proud that we were able to complete it within the budget in a very difficult situation and without personal injury, which could lead to the loss of working time.", - he added .
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