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Firestone
Firestone Finds Its Biggest Fancy Yellow
Firestone Diamonds has recovered a 54-carat, intense-fancy-yellowrough diamond at its Liqhobong mine in Lesotho, it reported Monday. The sawable stone, the largest of its color Firestone has unearthed, will go on sale at the company’s nexttender, which is due...
Mining Jul 08, 2019 Rapaport News
Firestone Liqhobong
Firestone Gets Bank Waiver After Prices Slide
ABSA Bank has granted Firestone Diamonds a waiver after adrop in small-diamond prices put the miner at risk of breaching its loan covenants. The terms of Firestone’s $82.4 million loan from ABSA included assumptions about...
Mining Jul 02, 2019 Rapaport News
Firestone Diamonds
Rainy Season Dampens Firestone Output
Output at Firestone Diamonds slipped in the third fiscal quarteras the company processed ore from a lower-grade portion of the mine. Production dropped 19% to 155,206 carats at the company’sLiqhobong mine in Lesotho in the three months ending...
Mining Apr 29, 2019 Rapaport News
Firestone 72 carat yellow 150
Firestone Diamonds Recovers 72ct. Yellow
Firestone Diamonds has unearthed a 72-carat rough yellowstone from its Liqhobong mine in Lesotho, along with two other largegem-quality diamonds. The miner also found a white stone weighing 22 carats and an11-carat, fancy-light-pink diamond,...
Mining Apr 08, 2019 Rapaport News
Firestone
Firestone Loss Narrows as Sales Rise
Firestone Diamonds decreased its net loss in the first fiscalhalf, as sales grew despite weak prices,the miner said Thursday. The company reported a loss of $6.6 million fromits Liqhobong mine in Lesotho for the six...
Mining Mar 31, 2019 Rapaport News
Firestone
Firestone Revenue Rises in Second Quarter
Sales grew at Firestone Diamonds in the second fiscal quarter as stronger volumes outweighed a lower average price, the miner reported Monday. Proceeds from rough sales at the company’s Liqhobong mine inLesotho increased 11% year...
Mining Feb 04, 2019 Rapaport News
Firestone 46 carat 150
Firestone Digs Up 46ct. Rough Diamond
Firestone Diamonds’ stock price rose more than 11% Friday afterthe company announced it had unearthed a 46-carat white diamond at itsLiqhobong mine in Lesotho. The stone — which the miner recovered undamaged — willgo on sale at the...
Mining Dec 16, 2018 Rapaport News
Firestone Q1
Firestone Unearths 326ct. Diamond
Firestone Diamonds has recovered a 326-carat, near-gem-qualityrough — the largest diamond the miner has found to date. The company unearthed the stone at its Liqhobong mine inLesotho in October, it reported last week. “[The 326-caratdiamond] provides...
Mining Nov 04, 2018 Rapaport News
Firestone Diamonds
Firestone Diamonds Slashes Annual Loss
Firestone Diamonds narrowed its annual loss by 91% amidhigher sales, and due to the absence of an impairment charge it incurred a yearago. The miner recorded a net loss of $14.2 million for the fiscalyear that ended June...
Mining Oct 04, 2018 Rapaport News
Firestone 150
Firestone Sees Strong Bigger-Stone Demand
Sales were strong at Firestone Diamonds in the fourth fiscalquarter amid robust demand for larger rough stones, the miner reported Monday. Proceeds from rough sales totaled $18.6 million during theperiod ending June...
Mining Jul 24, 2018 Rapaport News
Stuart Brown Mountain Province
Firestone Chief Heads to Mountain Province
Mountain Province has appointed Stuart Brown as its CEO, to succeed interim chief David Whittle, the Canada-based miner said Tuesday. Brown (pictured), currently CEO of Firestone Diamonds, recentlyannounced he would leave the company on June...
Mining May 16, 2018 Rapaport News
Paul Bosma Firestone
Firestone Promotes Paul Bosma to CEO
Firestone Diamonds has appointed industry veteran Paul Bosmato succeed Stuart Brown as CEO from July 1, the company said Monday. Bosma (pictured) — who worked for De Beers for 14 years — joinedFirestone as mineral-resources manager in 2014,...
Mining May 14, 2018 Rapaport News
Firestone 150
Firestone Sees Rise in Output, Prices
Firestone Diamonds’ production and selling prices increased in the thirdquarter amid better rough-market conditions and higher-grade ore from its Liqhobongmine.Output stood at 192,604 carats for the three months ending March 31, the...
Mining Apr 25, 2018 Rapaport News
firestone
Firestone Diamonds Posts Inaugural Revenue
Firestone Diamonds recorded its first half-year revenue from the Liqhobongmine in Lesotho, the company said Tuesday. The miner saw sales of $28 million from the recovery of379,716 carats during the six months...
Mining Mar 29, 2018 Rapaport News
Firestone Reports Quarterly Sales 150
Firestone Optimistic About 2018 Prices
Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the...
Mining Jan 17, 2018 Rapaport News
Bull bear stocks
Five Takeaways from the Stock Market in 2017
In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
Retail Jan 01, 2018 Joshua Freedman
renard
Firestone Diamonds Beats Production Goal
FirestoneDiamonds slightly surpassed its output target at the Liqhobong mine in Lesotho inthe first fiscal quarter that ended September 30.The miner recovered 199,007 carats during the July-to-September period, compared to 204,000 carats in the...
Mining Oct 23, 2017 Rapaport News
Firestone Liqhobong
Firestone Rethinks Liqhobong Mine Plan
Firestone Diamonds is revising its mining plan and hasopened talks with its lender after recording disappointing prices at its Liqhobongmine in Lesotho. The company’s last two sales yielded just $69 per carat,compared with...
Mining Oct 03, 2017 Rapaport News
Firestone Liqhobong
Liqhobong Output Forecast Drops
Firestone Diamonds has lowered its production outlook forthe current financial year, aiming instead to improve long-term prospects atits Liqhobong mine in Lesotho.The company expects to produce 800,000 to 850,000 carats ofrough diamonds in the fiscal...
Mining Aug 09, 2017 Rapaport News
Liqhobong
Firestone Ups Liqhobong Production Forecast
Firestone Diamonds has raised its production outlook for theLiqhobong mine to 360,000 carats for the fiscal year ending June 30.Operations at the Lesotho-based project, which the company initially predicted would produce 300,000...
Mining Jun 25, 2017 Rapaport News
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