Gemfields, which owns the operations of diamond mining in Zambia and Mozambique, noted that its revenue for the year ending increased by 13% June 30, 2016, to $ 193.1 million, versus $ 171.4 million a year earlier.
Net income nearly doubled to $ 23.5 million versus $ 12.3 million last year.
"This year Gemfields position as one of the industry leaders (gems) to strengthen the Company was able to achieve record operating results, which became the basis of strong financial performance of the Group." - said the CEO of Gemfields Herbotl Ian (Ian Harebottle).
"Over the past 5 years Gemfields revenues increased by 380%, and the total revenue from the company's first auction was $ 717.6 million This is a very significant achievement in view of the problems faced by the segments of mining and premium products.", - he added.
Production at the mine Kagem emerald (Kagem) in Zambia remained almost unchanged and amounted to 30 million carats, while the cost of production fell from $ 2.90 to $ 2.48 per ton of ore.
According to the latest data, estimated, expected and probable reserves at Kagem estimated at 1.8 billion carats of emerald and beryl worth about $ 520 million, says CEO Gemfields.
However, in the Montepuez ruby mine (Montepuez) in Mozambique Gemfields managed to get 10.3 million carats of rubies and corundum against 8.4 million carats a year earlier.
Also Gemfields reported early drilling on the southern section of the project Dogogo (Dogogo) in Ethiopia and the expansion of the team of experts in Colombia. In both countries, the company is planning to mine emeralds.
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Pangolin Diamonds found the first diamond on the MTS grid, which has already become the eleventh stones found on the project Malatsvae (Malatswae) in Botswana since the beginning of its development.
The company noted that the presence of diamond in the sample MTS-DG-093 ground confirmed the existence of a third diamondiferous kimberlites on Malatsvae.
"The diamond light brown measures approximately 1mm x 0.7mm x 0.7mm, and is part of a larger diamond, apparently tetrageksaedroidnoy form," - said in a statement.
"Brown secondary minerals found on the surface of a diamond can affect its color," - added to the Pangolin.
Recent results have been obtained with MTS grid, which had previously been found piropnye grenades subsurface features.
As stated in the Pangolin, at MTS grid was further selected 470 soil samples, 163 of which are managed currently recycled.
In 76 of these samples were found grenades, which are indicator mineral kimberlite.
The company concluded that the drilling of kimberlite at MTS grid will be launched later this year.
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