Share Prices & Company Research

Market News

15 Nov 2019 | 10:04

Botswana Diamonds losses widen on writedown of exploration assets

Botswana Diamonds reported wider losses as costs jumped amid a writedown of exploration assets after some licences held in its subsidiary Sunland Minerals were relinquished.

Pre-tax losses widened to £772K from £556K on-year. The company flagged an impairment charge of £435K, up from £179,524, after some licences were relinquished during the year. Looking ahead, the miner said it would ramp up production at its Marsfontein gravels project in the coming weeks; restore production at Thorny River and undertake reconnaissance work on the licenses in the Central Kalahari to identify specific drill targets. At 10:04am: (LON:BOD) Botswana Diamonds PLC share price was -0.1p at 1.03p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.