OverviewSuggest Edit

Firestone Diamonds’ strategy is to become an efficient mid-tier diamond producer through the development of its flagship asset, the Liqhobong Mine, in the Lesotho Highlands.
The Liqhobong Diamond Mine is owned 75% by Firestone and 25% by the Government of the Kingdom of Lesotho. The Company commenced construction of the Main Treatment Plant and related infrastructure at the Liqhobong Diamond Mine in July 2014 with initial production, 1 million carats per annum, targeted during Q4 2016.

Lesotho is emerging as one of Africa’s significant new diamond producers, and also hosts the Letseng Mine as well as the Kao Diamond Mine and the Mothae development project of Lucara Diamond Corporation.

The Company also owns the BK11 mine in Botswana which remains under care and maintenance and Lahtojoki in Finland which contains known diamond-bearing kimberlites of potential economic interest.

In July 2015 the Company entered into a conditional agreement for the disposal of the BK11 mine and Botswana operations to Tango Mining Limited (TSXV: TGV) for a total cash consideration of US$8.0 million.

The Company also owns the Lahtojoki project in Finland (100%) and is currently looking to find a suitable joint venture partner to execute the required bulk sample work for the next stage of the project.

TypePublic
HQLondon, GB
Websitefirestonediamonds.com

Locations

Firestone Diamonds is headquartered in
London, United Kingdom

Location Map

Latest Updates

Employees (est.) (Jan 2017)61(+61%)
Revenue (FY, 2018)£48 M(+5162%)
Share Price (Oct 2017)£0.2 (+3%)

Firestone Diamonds Office Locations

Firestone Diamonds has offices in London, Gaborone and Cape Town
London, GB (HQ)
5-17 Hammersmith Grove
Cape Town, ZA
2 Long St
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Firestone Diamonds Financials and Metrics

Firestone Diamonds Revenue

Firestone Diamonds's revenue was reported to be £47.98 m in FY, 2018 which is a 5161.2% increase from the previous period.
GBP

Revenue (FY, 2018)

48.0m

Revenue growth (FY, 2017 - FY, 2018), %

5161.2%

Gross profit (FY, 2018)

4.0m

Gross profit margin (FY, 2018), %

8.2%

Net income (FY, 2018)

(11.0m)

Market capitalization (31-Oct-2017)

65.7m

Closing stock price (31-Oct-2017)

0.2

Cash (30-Jun-2018)

14.2m
Firestone Diamonds's current market capitalization is £65.7 m.
GBPFY, 2016FY, 2017FY, 2018

Revenue

333.1k911.9k48.0m

Revenue growth, %

174%5161%

Cost of goods sold

44.0m

Gross profit

4.0m
GBPFY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

416.1k1.0m417.7k1.5m274.0k294.0k2.1m4.8m1.1m381.5k1.0m5.6m4.3m10.6m2.6m71.1m14.1m7.6m13.1m14.2m

Accounts Receivable

13.2k45.8k29.8k264.0k226.0k452.0k441.0k559.0k765.0k776.5k303.0k79.0k972.7k8.2m

Inventories

82.1k46.0k69.5k91.0k129.0k121.0k106.0k65.0k276.0k311.6k29.0k29.0k1.9m2.4m1.0m114.9k215.9k183.6k4.9m4.5m

Current Assets

665.4k1.1m522.8k1.8m654.0k894.0k2.8m6.7m3.9m2.0m1.6m6.7m9.4m14.6m5.1m71.6m25.2m10.3m20.9m29.2m
GBPFY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(62.9k)286.9k276.3k144.0k91.0k157.0k(226.0k)(316.0k)34.0k(237.1k)(11.0m)(2.4m)(3.3m)(30.0m)(14.1m)(6.9m)(8.3m)10.1m(116.9m)(11.0m)

Cash From Operating Activities

239.2k952.0k764.4k187.0k576.0k149.0k1.4m2.4m585.0k1.2m3.2m(630.0k)253.0k(12.1m)(3.7m)(2.1m)(3.4m)279.8k(2.9m)(5.1m)

Cash From Financing Activities

2.0m1.6m(4.1k)2.2m(40.0k)2.8m4.8m9.6m2.0m(277.1k)4.3m14.7m15.0m25.2m(1.2m)74.6m(282.2k)45.4m32.5m7.3m

Net Change in Cash

56.9k895.4k580.9k1.1m1.2m2.0k1.8m611.0k1.6m(737.3k)638.0k4.6m(1.4m)6.4m(7.5m)68.4m(70.0m)(4.8m)5.6m714.5k
GBPY, 2018

Financial Leverage

2.5 x
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Firestone Diamonds Online and Social Media Presence

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Firestone Diamonds Frequently Asked Questions

  • How many employees does Firestone Diamonds have?

    Firestone Diamonds has 61 employees.

  • What is Firestone Diamonds revenue?

    Latest Firestone Diamonds annual revenue is £48 m.

  • What is Firestone Diamonds revenue per employee?

    Latest Firestone Diamonds revenue per employee is £786.5 k.

  • Who are Firestone Diamonds competitors?

    Competitors of Firestone Diamonds include Liebherr Group, NMDC and ACG Materials.

  • Where is Firestone Diamonds headquarters?

    Firestone Diamonds headquarters is located at 5-17 Hammersmith Grove, London.

  • Where are Firestone Diamonds offices?

    Firestone Diamonds has offices in London, Gaborone and Cape Town.

  • How many offices does Firestone Diamonds have?

    Firestone Diamonds has 3 offices.