Gem Diamonds Ltd. has reported on its operational performance for the first quarter of 2016 ended March 31, which showed that the value of the first three tenders of 2016 increased 13%.
Production at the company’s Letseng Mine in Lesotho increased 28% in the first quarter to 28,698 carats, compared to 22,472 carats in the first quarter of 2015. Production from the company’s Ghaghoo Mine in Botswana fell 5% to 11,029 carats compared to 11,559 carats in the first quarter of 2015.
47 diamond greater than 4.8 carats were recovered during the first quarter, including three diamonds larger than 10.8 carats, the largest of which is a 12.99-carat diamond.
By: IDEX Online
