GJ Town India

Petra revenue down 8% in H1 2020   Petra Diamonds Limited presented its’ Interim results for the six months to 31 December 2020 as H1, 2020. At Financial front Petra said, Revenue down 8% to US$178.1 million from 1,712,797 carats sold (H1 FY 2020: US$193.9 million from 1,743,807 carats sold) with the US$40.4 million proceeds from the Letlapa Tala Collection of blue diamonds, offset by weaker prices following the Covid-19 outbreak and fewer tenders during the Period.   Diamond pricing on a like-for-like basis increased by a further 8% at the Company's January 2021 tender that is confirming that pricing has now returned to pre-Covid-19 levels. Adjusted EBITDA3 up 20% to US$80.8 million (H1 FY 2020: US$67.2 million) yielding an adjusted EBITDA margin of 45%, up from 35% in H1 FY 2020 and 22% in FY 2020; driven by the sale of the Letlapa Tala Collection and reduced mining and processing costs. By casting their Outlook, Petra said, due to the ongoing uncertainty around the impa...

Diamcor tendered over 2K yet sold 1905.07 carats Diamcor Mining announces the results of its final tender and sale of rough diamonds for the Company’s third fiscal quarter ending December 31, 2018.  The Company tendered 2,256.52 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project, of which 1905.07 carats were sold for gross proceeds of USD $303,138.39, resulting in an average price of USD $158.60 per carat for the rough diamonds tendered and sold.  The balance of 351.45 carats will be tendered along with additional rough diamonds delivered by the Company in January of 2019.           With this final tender of the fiscal quarter complete, total rough diamonds tendered and sold during the Company’s third fiscal quarter ending December 31, 2018 will be 7,162.21 carats, for gross proceeds of USD $1,401,322.01, resulting in an average price of USD $195.66 per carat for th...

Diamond sales tumbles,   Mountain Province hope on US holiday season! Mountain Province Diamonds Inc announces its financial and operating results for Q3 2018 & says earnings from mine operations for the three and nine months ended September 30, 2018 amounted to $25.2 million and $68.3 million respectively.   For the nine months ended September 30, 2018, approximately 2443K tonnes of ore treated and 5391K carats recovered, on a 100% basis, for an average recovered grade of 2.21 carats per tonne, ahead of expectations. The recovered grade for Q3 2018 was also very high at 2.40 cpt. The Company’s 49% attributable share of diamond production for the three and nine months ended September 30, 2018 was approximately 891,000 carats and 2,642,000 carats respectively. Stuart Brown, the Company’s President and CEO, commented, “The performance of the Gahcho Kué Mine was as expected for the quarter; we remain on track to achieve or exceed all production targets for ...

Diamcor Mining announces the results of the tender and sale of the previously announced rough diamonds recovered as part of initial resumed processing exercises performed following the recent screening modifications at the Company’s Krone-Endora at Venetia Project.   The Company sold a total of 2,606.50 carats of rough diamonds for gross proceeds of USD $726,588, resulting in an average price of USD $278.76 per carat. Included in the rough diamonds tendered and sold were three individual gem quality diamonds’ in the special (+10.8 carats) category including one high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively. These special diamonds sold for gross proceeds of USD $195,810, or USD $3786.70 per carat. Net of these special category rough diamonds, the balance of the rough diamonds tendered and sold achieved an average price of USD$207.76 per carat.     “We are very pleased with the results o...

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...