Gem Diamonds said that in the first half of the year its revenues at the Letšeng diamond mine in Lesotho rose 80% year-on-year to $ 147.8 million.
The message received by Rough & Polished via e-mail says that As of June 30, 2014, the company had free cash of $ 114 million, compared to $ 71 million at the end of the previous quarter.
The enterprise at the Letseng mine announced dividends totaling $ 40 million, which provided a net cash flow of $ 25 million to Gem Diamonds, and taxes and dividends paid to the government of Lesotho were $ 3 million and $ 12 million, respectively.