Posts

Showing posts with the label diamond mine

Mountain Province produces 6.23mn cts diamonds in 2021

Image
Recovers over 1.5mn cts diamonds during Q4 808,739 carats sold in Q4 at US$83 per carat  Mountain Province Diamonds announces production, sales and preliminary unaudited cost results for the fourth quarter and year ended December 31, 2021 and FY21 from the Gahcho Kué Diamond Mine. 1,511,253 carats recovered during Q4 at an average grade of 1.86 carats per tonne. Full year 2021 production of 6.23 million carats against guidance of 6.30 - 6.50 million carats. Preliminary unaudited mine level costs on a full year 2021 basis were $61 per carat against guidance of $58-$63 per carat and $123 per tonne treated against guidance of $125-$135 per tonne treated. Ore mined on a full year 2021 basis was 3.6 million tonnes against guidance of 3.3 – 3.5 million tonnes. Ore processed on a full year 2021 basis was 3.1 million tonnes against guidance of 3.15 – 3.3 million tonnes. Mark Wall, the Company's President and Chief Executive Officer, commented, “2021 was an excellent year for the Gahcho Kué

Gem Diamonds rough bags more by 54%

Image
Gem Diamonds achieved of US$2 742 per carat in H1 Gem Diamonds Limited announces its Half Year Results for the period ending 30 June 2018 & highlights, record recoveries of large, high quality diamonds at Letšeng, combined with the discovery and subsequent sale of the Lesotho Legend have generated a strong financial performance. According to the key highlights, Gem Diamonds revenue reached to US$167.7 million remained up 81% from US$92.9 million in H1 2017. At Letšeng, recovery of 910 carat Lesotho Legend, sold for US$40.0 million, recovered a half year record of ten diamonds greater than 100 carats, Record rough tender revenue of US$169.2 million over the previous year 2017 of US$88.8 million. Average price of US$2 742 per carat achieved which was up 54% from US$1 779 per carat in H1 2017, 25 diamonds achieved a sales value of greater than US$1 million each & total carats recovered of 61 596 over the 50 478 carats in H1 2017. Commenting on the results to