Tag: #Diamonds

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond (ASX:LOM) (not to be confused with Lucara Diamond) has sold 7,008 carats of rough diamonds at an auction in Antwerp for a total of US$3.5M, including some diamonds selling for US$26,000 per carat which is substantially higher than the average sales price of US$588/carat for the total production […]

Stornoway Diamond improved its mine plan at Renard

Stornoway Diamond improved its mine plan at Renard

Stornoway Diamond (SWY.TO) has released a new mine plan for its diamond mine in Canada. There is a 25% increase in the probable mineral reserves which increases the total resources that the 22.3 million carats which increases the mine life for 11 years to 14 years. This also means the […]

Lucara Diamond Corp continues to surprise the world

Lucara Diamond Corp continues to surprise the world

Lucara Diamond (LUC.TO) was able to remove the bad after-taste after a relatively disappointing exceptional stone  tender which didn’t bring in quite as much cash as we had been hoping for. In just 48 hours, the company recovered no less than three exceptionally exceptional diamonds (yes, that’s a double exceptional). […]

Lucara’s Second half of the year will be better than the first

Lucara’s Second half of the year will be better than the first

Lucara Diamond (LUC.TO) has reported its earnings in May. We warned investors that the financial result in the first quarter of this year might be a bit disappointing, as there will be no revenue from exceptional stone tenders. We expected the free cash flow – if there would be any […]

Lucara Diamond continues to perform strong and should be trading higher

Lucara Diamond continues to perform strong and should be trading higher

Lucara Diamond Corp (LUC.TO) has had an excellent 2014 as it recorded $266M in revenue from the sale of in excess of 400,000 carats. In excess of half of the revenue was generated through so-called exceptional stones tenders which emphasizes the quality of the diamonds at the Karowe mine in […]

Tsodilo Resources’ next few weeks will be important

Tsodilo Resources’ next few weeks will be important

As we said before, Tsodilo Resources (TSD.V) has stopped drilling on the Block 1 part of its Xaudum iron ore project tenements, and all drill holes have now been shipped to the lab for analysis. This should result in a maiden NI43-101 compliant resource estimate by the end of July. […]

Kimberley Diamonds will reopen the Ellendale E4 Diamond Mine

Kimberley Diamonds will reopen the Ellendale E4 Diamond Mine

Kimberley Diamonds (ASX:KDL) has announced it plans to reopen the Ellendale E4 operation in Western Australia. This move will double the output at Ellendale from 120,000 carats last year to approximately a quarter of a million per year and in excess of 300,000 carats in 2015, based on the guidance […]

Tsodilo announces metallurgical results at Xaudum

Tsodilo announces metallurgical results at Xaudum

Tsodilo Resources (TSD.V) has released the results from ongoing metallurgical test work at its Xaudum iron ore project in Botswana, Africa. The main takeaway is the fact that all mineralized zones within the Xaudum project are amenable to be processed to end up with an end product containing an iron […]