Gem Diamonds Limited Announces Production and Sales Result for the Third Quarter Ended September 30, 2018; Revised Production Guidance for the Year 2018
For the quarter, the company's carats sold was 30,275 compared to 29,284 a year ago. Total value of sales was $55.7 million compared to $3.0 million a year ago.
The company also revised production guidance for the year 2018. For the year, the company expects waste tonnes mined of 25 Mt to 27 Mt compared to previous guidance of 24 Mt to 26 Mt, Ore treated is no change from previous guidance of 6.4 Mt to 6.6 Mt, carats recovered of 120 Kct to 124 Kct compared to previous guidance of 114 Kct to 118 Kct.