[miningmx.com] – DIAMONDCORP, the UK-listed firm which is re-developing Lesotho’s Lace diamond mine, posted a net full-year loss of £3.25m for its 2014 financial year compared to a £2.61m loss in 2013.
The loss included administrative expenses of £1.6m, sharply lower than the £2.19m posted in the 2013 owing to “careful attention to cost control”. Cash on hand at 31 December 2014 was £2.53m, slightly up on £2.22m previously.
The company generated sales of 21,700 carats recovered from tailings at an average price $63 per carat, slightly ahead of budget. Production from underground resources at Lace was de in the second half of this year.
