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Last €0.11 EUR
Change Today -0.004 / -3.64%
Volume 0.0
XVP On Other Exchanges
As of 9:19 AM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

diamondcorp plc (XVP) Snapshot

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52 Week High
07/15/15 - €0.17
52 Week Low
11/19/14 - €0.07
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diamondcorp plc (XVP) Details

DiamondCorp Plc develops, produces, and sells rough and polished diamonds in South Africa. The company’s primary asset is the Lace diamond mine located to the southwest of Johannesburg in the Free State Province of South Africa. DiamondCorp Plc was founded in 2005 and is headquartered in London, the United Kingdom.

245 Employees
Last Reported Date: 05/26/15
Founded in 2005

diamondcorp plc (XVP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 50.9K GBP
Executive Chairman, Chairman of Nomination Co...
Total Annual Compensation: 90.0K GBP
Compensation as of Fiscal Year 2014.

diamondcorp plc (XVP) Key Developments

Diamondcorp plc Reports Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2015

Diamondcorp Plc reported consolidated unaudited earnings results for the six months ended June 30, 2015. For the period, the company reported operating loss was £670,780,000 compared with £869,266,000 for the same period last year. Loss before tax was £3,159,389,000 compared with £2,748,972,000 for the same period last year. Loss for the period attributable to equity holders of the parent was £3,098,379,000 or 0.98 pence basic and diluted per share compared with £2,676,238,000 or 0.91 pence basic and diluted per share for the same period last year. Net cash from operating activities was £12,261,000 compared with net cash used in operating activities £1,426,300,000 for the same period last year. Purchase of property, plant and equipment was £3,934,963,000 compared with £3,038,223,000 for the same period last year.

Diamondcorp Plc to Report First Half, 2015 Results on Sep 01, 2015

Diamondcorp Plc announced that they will report first half, 2015 results on Sep 01, 2015

DiamondCorp Plc Provides the Update on the Underground Development at the Lace Diamond Mine in the Free State Province of South Africa

DiamondCorp Plc provided the update on the underground development at the Lace diamond mine in the Free State province of South Africa. Development work in the Upper K4 (UK4) block remains close to schedule for commencement of mining operations in the coming months. For safety reasons, underground tunnel development is proceeding slower than planned in fractured ground close to old workings. Processing of K6 kimberlite recovered from the production level drives continues and processing of higher-grade K4 kimberlite has commenced. Controlled bulk test sample work of the K4 unit continues with encouraging initial results. Blasting of the final near surface leg of the conveyer belt tunnel system has been successfully completed to join up with the surface boxcut, providing clear tunnel access for the conveyor belt installation from the production level to surface. The conveyor belt system has been 99% fabricated, on site, and 75% installed. Final installation and commissioning has been delayed due to a Department of Mineral Resources requirement to fit additional safety protection systems. This is not expected to impact the critical path ahead of the mining ramp-up. The slower than planned development rate means mine development costs to date are averaging ZAR 44,193 per metre against a budget of ZAR 37,000 per metre due to the impact of fixed labour and electricity costs. Detailed studies progressed on options for introducing waste sorting systems in the processing plant to optimise mining of the Lace kimberlites in the longer-term. The company raised gross proceeds of £5.27 million from the issue of new shares which provides sufficient working capital to fund commencement of commercial mining operations at Lace as well as certain additional capital expenditure to enhance mine economics.


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