Commodities > Precious-stones

Gem Diamonds on cusp of shining

Southern Africa-focused diamond miner Gem Diamonds (LN:GEMD) has managed to keep its full-year 2017 production guidance intact, despite lowering its forecast levels for ore treatment.

Commodities > Precious-stones

Gem Diamonds on cusp of shining

Southern Africa-focused diamond miner Gem Diamonds (LN:GEMD) has managed to keep its full-year 2017 production guidance intact, despite lowering its forecast levels for ore treatment.

Gem Diamonds on cusp of shining

Gem Diamonds is implementing various initiatives at Letšeng to reach production guidance

The miner has dropped its guidance for the amount of ore to be treated from the 70%-owned Letšeng mine in Lesotho for the year  to 6.5-6.6 million tonnes, from the original 6.8-7Mt, due to a crack in Plant 2's scrubber shell reducing the volume of material being fed into the plant. The reduction should lower pressure on the scrubber.