GEM DIAMONDS LIMITED
Q3 2025 Trading Update
Highlights:
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Carats recovered during the Period were 22 268 (Q2 2025: 23 547). |
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Three greater than 100 carat diamonds were recovered during the Period and a 319 carat diamond was recovered after the Period, bringing the total year to date recoveries of greater than 100 carat diamonds to eight. |
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22 830 carats were sold during the Period (Q2 2025: 23 932 carats), generating revenue of |
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Four greater than 100 carat diamonds were sold during the Period. |
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Two diamonds sold for more than |
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The highest price achieved in the Period was |
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All operational and financial metrics are trending within the revised guidance issued for 2025, as disclosed in the Company's H1 2025 Trading Update. |
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The decisive measures to conserve cash as previously reported have been completed, with the anticipated c. |
Letšeng Diamonds production summary:
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Q2 2025 |
Q3 2025 |
% Change |
|
Waste tonnes stripped |
834 145 |
204 595 |
-75% |
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Ore tonnes treated |
1 258 641 |
1 318 624 |
5% |
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Satellite pipe contribution (tonnes) |
391 171 |
208 558 |
-47% |
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Carats recovered |
23 547 |
22 268 |
-5% |
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Grade recovered (cpht) |
1.87 |
1.69 |
-10% |
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Carats sold |
23 932 |
22 830 |
-5% |
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Total value (US$ millions) |
23.5 |
25.7 |
9% |
|
US$/carat |
980 |
1 124 |
15% |
FOR FURTHER INFORMATION:
Gem Diamonds Limited
Kiki Constantopoulos, Company Secretary
Mark Antelme / Charles Denley-Myerson
Tel: +44 (0) 20 777 6424
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
ABOUT GEM DIAMONDS:
Gem Diamonds is a leading global producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The Letšeng mine is famous for the production of large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
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