StockMarketWire.com - BlueRock Diamonds said it had received necessary permissions to allow its Kareevlei mine in South Africa to move to 365-day operations.

The company said it was now finalising its preparations for the move to continuous operations.

'Although this is slightly later than had been anticipated, it has not had any material impact upon published guidance,' BlueRock said.

Production in the fourth quarter was expected to hit the upper end of the guidance range of 35,000 tonnes to 45,000 tonnes. A further update on full-year production guidance for 2019 would be released in due course.

'The move to 365-day operations is a significant step in our drive to increase production volumes and move towards profitability,' chief executive Adam Waugh said.


At 2:26pm: [LON:BRD] Bluerock Diamonds Plc Ord 1p share price was +0.01p at 0.26p



Story provided by StockMarketWire.com