tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Southstone Minerals Boosts Diamond Production and Revenue from Sandberg Section

Story Highlights
Southstone Minerals Boosts Diamond Production and Revenue from Sandberg Section

Elevate Your Investing Strategy:

Southstone Minerals ( (TSE:SML) ) has issued an announcement.

Southstone Minerals Limited reported significant improvements in diamond production and sales from its Oena Diamond Mine in South Africa, particularly from the Sandberg Section. The shift in production focus to this section has resulted in larger average stone sizes and higher prices per carat, with the company achieving substantial revenue growth. The successful deployment of Rietput Delwery as a contractor has enhanced recovery rates, positioning Southstone to continue capitalizing on high-value diamonds, thereby strengthening its market position and operational strategy.

More about Southstone Minerals

Southstone Minerals Limited is a company operating in the mining industry, primarily focused on diamond production. Its main asset is the Oena Diamond Mine in South Africa, where it holds a majority stake. The company is involved in diamond recovery and sales, with a strategic focus on high-value production zones, particularly the Sandberg Section.

Technical Sentiment Signal: Sell

Current Market Cap: C$334K

For a thorough assessment of SML stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1