ALROSA reports Q1 2016 production and preliminary trading performance.
ALROSA’s Q1 2016 diamond production totalled 8.2 million carats, down 2% y-o-y, driven by the following factors:
− increase in ore processing at Mir underground mine and decrease in ore processing at International underground mine,
− partial replacement of ore processed from Udachny pipe with ore processed from Zarnitsa pipe due to the termination of open-pit mining at Udachny pipe.
Preliminary sales performance
Indicatively, in Q1 2016 ALROSA sold 12.1 million carats of diamonds, including 8.9 million carats of gem-quality diamonds at an average price of USD 146 per carat and 3.2 million carats of industrial diamonds at an average price of USD 7 per carat. Revenue from rough diamond sales amounted to at least USD 1.3 billion.
The full version of ALROSA’s Q1 2016 operational overview is available at ALROSA’s website in the Operational results section.