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Southstone Minerals ( (TSE:SML) ) has issued an announcement.
Southstone Minerals Limited has announced the appointment of Rietput Delwery (Pty) Ltd as an additional mining contractor at the Oena Diamond Mine in South Africa. The new contractor will concentrate on the Sandberg Section, known for yielding high-value diamonds, with production commencing in Q2 2025. This strategic move is expected to enhance the company’s operations by leveraging the high-value diamond production from Sandberg, where over 50% of diamonds are classified as ‘Specials’ valued at more than $5,000 per carat.
More about Southstone Minerals
Southstone Minerals Limited operates in the mining industry, focusing on diamond mining and recovery. The company’s main operations are centered around the Oena Diamond Mine in South Africa, with a significant market focus on high-value diamond production.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$334K
See more data about SML stock on TipRanks’ Stock Analysis page.