Diamonds are Forever on Their Radar Screen

Diamonds are Forever on Their Radar Screen

By: Dylan Sikes – AllPennyStocks.com News

Monday, November 11, 2019

New developments in the diamond mining derby: Pasadena, Calif-based Brazil Minerals, Inc. (OTC:BMIX) told investors Monday the first run of the production of diamonds from its current mining site was better than expected. 

Using a technical term, BMIX said Diamondiferous gravel was extracted, transported, and processed through a nearby first-stage recovery plant.  The results of the found materials – in all shapes and sizes, judging by Monday’s news release -- needs to be further processed for final recovery of rough diamonds. 

The Company also says it will further process “medium size” and “large size” partially-processed ore in the next several days. The goal is to maximize the yield on diamond recovery prior to processing stockpiled ore. 

Shares in BMIX rocketed 28.9% to 29-100ths of a cent mid-Monday afternoon, on volume of 25.9 million shares.


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Massive Uptrend Looks Likely To Continue For This Tech Based Healthcare Stock
Tauriga Hikes on New Line of CBD Gum
San Marco Pops on Hiring PR Firm
Khiron Hails Brazilian Legalization of Cannabis


Back to Top