ALROSA reports Q2 and H1 2016 production and preliminary trading performance
ALROSA’s H1 2016 diamond production totalled 16.9 million carats, down 6% 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,
- decrease in gravels processing at alluvial deposits due to adjustment of production plan for 2016 from 39 million carats to 37 million carats.
Preliminary sales performance
Indicatively, in Q2 2016 ALROSA sold 9.6 million carats of diamonds, including 7.1 million carats of gem-quality diamonds at an average price of USD 169 per carat and 2.5 million carats of industrial diamonds at an average price of USD 8 per carat. Revenue from rough diamond sales amounted to at least USD 1.2 billion in Q2 2016 and at least USD 2.5 billion in H1 2016.
The full version of ALROSA’s Q2 and H1 2016 operational overview is available at ALROSA’s website in the Operational results section.