ALROSA Reports Sales of 8.3 Million Carats in Q3
Alrosa (MCX:ALRS) reported Q3 and 9M 2016 production and preliminary trading performance, highlighting total sales of 8.3 million carats in Q3 and a revenue of at least USD 3.5 billion in 9M 2016
Alrosa (MCX:ALRS) reported Q3 and 9M 2016 production and preliminary trading performance, highlighting total sales of 8.3 million carats in Q3 and a revenue of at least USD 3.5 billion in 9M 2016
As quoted in the press release:
ALROSA’s 9M 2016 diamond production totalled 27.9 million carats, down 6% y-o-y, driven by the following factors:
- decrease in gravels processing from Nyurba Division’s alluvial placers due to adjustment of 2016 production plan,
- decrease in ore production at Aikhal underground mine due to processing of additional volumes from Komsomolskaya pipe at the Processing Plant No. 8 – following completion of expansion works at the open pit.
- due to the termination of open-pit mining at Udachnaya pipe.
Preliminary sales performance
Indicatively, in Q3 2016 ALROSA sold 8.3 million carats of diamonds, including 5.8 million carats of gem-quality diamonds at an average price of USD 165 per carat and 2.5 million carats of industrial diamonds at an average price of USD 7 per carat. Revenue from rough diamond sales amounted to at least USD 976 million in Q3 2016 and at least USD 3.5 billion in 9M 2016.
