Business
Q4 2016 Trading Update
Q4 2016 Trading Update.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 0496W Gem Diamonds Limited 06 February 2017 \n\n6 February 2017 \n \n \nGEM DIAMONDS LIMITED\nQ4 2016 Trading Update\n \nGem Diamonds Limited (LSE: GEMD) (\"Gem Diamonds\" or the \"Company\" or the \"Group\") is pleased to provide the following Trading Update detailing the Group's operational and sales performance for the Period 1 October 2016 to 31 December 2016 (\"Q4 2016\" or the \"Period\"). \n \n \nLetšeng: \nFull year operational guidance achieved\n· Waste mined 7 861 775 tonnes (19% increase from 6 626 385 in Q3 2016), taking full year waste mined to 29 776 058 tonnes.\n· Ore treated 1 697 070 tonnes (5% increase from 1 612 728 in Q3 2016), taking full year ore treated to 6 646 098 tonnes.\n· Recovered 26 438 carats during the Period (8% increase from 24 388 carats in Q3 2016) taking full year production to 108 206.\n· 7 diamonds sold for more than US$ 1.0 million in the Period generating revenues of US$ 12.3 million.\n· During the Period US$ 109 677 per carat was achieved for a 12.31 carat pink diamond and US$ 53 451 per carat for a 56.48 carat white diamond.\n· During the Period Letšeng recovered fewer large special diamonds than expected, resulting in an average U...