Mining News

Gem Diamonds receives higher prices, demand for Letšeng diamonds

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LSE-listed diamond miner Gem Diamonds’ revenue has increased from $69.5-million in the first half of 2020, to $104.5-million for the six months to June 30 this year, resulting in the miner increasing its cash on hand from $24.9-million in the prior comparable period to $33.9-million for the period under review.

The group increased its underlying earnings before interest, taxes, depreciation and amortisation from $11.3-million to $34.7-million.

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