ALROSA (MCX:ALNU) released its production results for the fourth quarter of 2015, as well as the year as a whole. In all, the company produced 38.3 million carats in 2015, up 6 percent year-on-year. The increase was caused by the following factors:
- commissioning of the Botuobinskaya pipe in Q1 2015,
- diamond output growth at Karpinskogo-1 pipe of Lomonosov deposit (Severalmaz),
- growth in diamond production at the Mir and Udachny underground mines.
The company also included information on its preliminary sales performance:
Indicatively, in 2015 ALROSA sold 30.0 million carats of diamonds. Revenue from rough diamond sales is set to reach at least USD 3.4 billion.
In Q4 2015, ALROSA sold 7.1 million carats of diamonds, including 4.1 million carats of gem-quality diamonds at an average price of USD 166 per carat and 3.0 million carats of industrial diamonds at an average price of USD 10 per carat.
Click here to read the full ALROSA (MCX:ALNU) press release.
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