Gemfields reported that the production of emeralds and beryl belonging to her 75% of the mine Kagem (Kagem) in Zambia was reduced to 30 million carats (from 30.1 million carats a year ago) in the 12 months ended 30 June.
As the company during the reporting period, the average content of precious stones ore was 241 carats per tonne compared to 242 carats per tonne in the fiscal year ended June 30, 2015.
Production of rubies and corundum mine Montepuez (Montepuez) in Mozambique, owned by Gemfields, reached 10.3 million carats in the 12 months ended 30 June. This exceeded the forecast the company expects to receive 8 million carats.
As a result, Gemfields has registered an increase in volume of production "rubies higher quality" Carat 68 percent in 2016 fiscal year.
Sales of rubies and corundum in two auctions in December and June brought the company $ 73.1 million, while sales of emeralds and beryl brought $ 101.3 million during the four auctions held during the financial year.
"Demand for our products and how to continue to improve the presentation, prices are rising, while the costs to be contained, and the amount of work and the output is greatly increased", - said Chief Executive Officer Jan Gemfields Herbotl (Ian Harebottle).
Last month, the company has received funding of $ 65 million to increase production, including the planned production of 20 million carats of rough rubies in a mine Montepuez and more than 40 million carats of rough emeralds Kagem mine over the next three years.
"We expect to maintain the same pace in the next year", - said Herbotl.
http://traditionpearlnecklace.blogspot.ca/