[miningmx.com] – GEM Diamonds CEO, Clifford Elphick, said prices for goods produced by Lesotho mine, Letšeng, remained ‘robust’ in the third quarter and contributed to an average price of $2,578 per carat.
“Letšeng has also delivered a strong operational performance, with ore treated, grade and carat recoveries ahead of those of the previous quarter and expected to exceed original full year guidance,” said Elphick.
As a result, Letšeng expected to recover between 105,000 and 108,000 carats for GEM’s 2015 financial compared to previous guidance given in March of 102,000 to 107,000 carats, the company said.
Ghaghoo. GEM’s Botswana-based development asset, continued to ramp up, said GEM. Ore treated and carats recovered increased over 30% on the previous quarter. “The Ghaghoo production faces a very challenging market at present,” said Elphick.
