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Production and preliminary trading update

ALROSA reports Q1 2016 production and preliminary trading performance.

Production performance

ALROSA’s Q1 2016 diamond production totalled 8.2 million carats, down 2% 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.

Preliminary sales performance

Indicatively, in Q1 2016 ALROSA sold 12.1 million carats of diamonds, including 8.9 million carats of gem-quality diamonds at an average price of USD 146 per carat and 3.2 million carats of industrial diamonds at an average price of USD 7 per carat. Revenue from rough diamond sales amounted to at least USD 1.3 billion.

The full version of ALROSA’s Q1 2016 operational overview is available at ALROSA’s website in the Operational results section.

Latest news

  • 26 May 2020

    ALROSA subsidiary Almazy Anabara started 2020 washing season

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  • 22 May 2020

    The Strategy Committee of ALROSA Supervisory Board recommends downward revision of 2020 production guidance

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  • 21 May 2020

    ALROSA tenders its large diamonds at May trading session through its digital platform

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