Bluerock Diamonds plc Announces Operating and Sales Results for the Second Quarter of 2019; Provides Production Guidance for the Year 2019 and 2020
For the quarter, the company reported 2,517 carats sold in second quarter, up 188% as compared to 875 carats a year ago.
The company also provided production guidance for the years 2019 and 2020. For the year 2019, the company expects to produce volumes of 280,000 - 335,000 tonnes, average grade in the range of 4.25-5.0 cpht, carats in the range of 12,000-16,500 and value per carat of USD 340.
For the year 2020, the company expects to produce volumes of 380,000-430,000 tonnes, average grade in the range of 4.25-5.0 cpht, carats in the range of 16,000-21,500 and value per carat of USD 340.