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Market NewsNewsFirestone lowers FY production guidance

Firestone lowers FY production guidance

Aim-listed Firestone Diamonds’ Liqhobong diamond mine, in Lesotho, is now expected to produce between 800,000 ct and 850,000 ct in the 2018 financial year, miningweekly.com reported.

This is lower than the one million carats previously targeted and is expected to impact revenues in the financial year to June 30, 2018, said the miningweekly.com report.

Firestone said it was currently undertaking a review of the current life-of-mine plan to optimise mining operations at its 75%-owned diamond operation, according to the miningweekly.com report.

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