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LSE-listed Gem Diamonds was confident that it could meet its full-year targeted output at its 70% owned Letšeng mine, in Lesotho, despite production having dropped by 5% to 44 748 ct in the first half of this year.
This was compared with the 47 165 ct produced in the first half of 2009. “In the first half of the year, we have had a number of operational challenges at both Letšeng and Ellendale. With the unique nature of Letšeng's very high-value, low-diamond content resource, fluctuations in production are expected, however, management believe[s] that production targets for 2010 will be achieved by year-end,” CEO Clifford Elphick said on Monday.
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