Gem Diamonds Limited Announces Production and Sales Results for the Third Quarter and Year-To-Date Ended September 30, 2019; Updates Production Guidance for 2019
For the quarter, Carats sold were 25,631 and total value of sales was $36.3 million.
For the year-to-date, the company reported waste tonnes stripped of 18,690,059, Ore tonnes treated was 5,076,104 and Carats recovered were 84,207.
For the year-to-date, the company's carats sold was 81,345 and total value of sales was $130.9 million.
For the year 2019, the company reported updated production guidance from Waste tonnes mined 25 (Mt) - 27 (Mt) to 24 (Mt)- 26 (Mt), ore treated from 6.5 (Mt) - 6.7 (Mt) to 6.6 (Mt) - 6.8 (Mt) and reaffirmed Carats recovered of 114 (Kct) - 118 (Kct) (remained unchanged). For the year 2019, the company updated sales guidance from Carats sold from 115 (Kct) - 119 (Kct) to 111 (Kct) - 113 (Kct).