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Brazil Minerals (OTCQB:BMIX) announced it expects third quarter revenues of approximately $303,000, a 212 percent increase from last year. The revenue is derived from the sale of gold, rough diamonds and polished diamonds.
According to the press release:
BMIX expects revenues of approximately $303,000, which would be 212% higher than last quarter’s and 14% higher than the revenues obtained a year ago during the third quarter of 2013.
In the third quarter of 2014, revenues were derived from sales of rough diamonds, gold, and polished diamonds. In addition to continued revenue contribution from these three different areas, the Company expects to start the sale of sand in the fourth quarter of 2014.
The Company further expects to start revenues from fancy colored diamonds
Marc Fogassa, CEO and Chairman of BMIX, said:
We are very pleased with our sales in the quarter. We are focused on a challenging area to mine which was entirely under water, at certain levels reaching 15 meters, and needing drainage. The announcement today underscores our ability to perform.
Click here to read the Brazil Minerals Inc. (OTCQB:BMIX) press release
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