ALROSA reports Q3 and 9M 2015 production and preliminary trading performance.
ALROSA’s 9M 2015 diamond production totalled 29.6 million carats, up 16% y-o-y, driven by the following projects:
- growth in diamond production at the Mir underground mine as a result of measures to stabilise its hydrogeological conditions,
- diamond output growth at Karpinskogo-1 pipe of Lomonosov deposit (Severalmaz),
- continued mining operations at the Botuobinskaya pipe, commissioned in Q1 2015,
- the Udachny underground mine development.
The Company confirms its previously announced production plan of 38 million carats.
Preliminary sales performance
Indicatively, in 9M 2015 ALROSA sold 23.0 million carats of diamonds. Revenue from rough diamond sales is set to reach at least USD 2.7 billion.
In Q3 2015, ALROSA sold 4.9 million carats of diamonds, including 3.0 million carats of gem-quality diamonds at an average price of USD 182 per carat and 1.9 million carats of industrial diamonds at an average price of USD 9 per carat. Preliminary revenue from rough diamond sales in Q3 2015 exceeded USD 550 million.
In Q3 2015, ALROSA’s gem-quality rough diamond prices declined by 8% in line with the slowdown in the diamond market.
The full version of ALROSA’s Q3 and 9M 2015 operational overview is available at ALROSA’s website in the Operational results section.