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Thu Nov 12, 2015 - The exceptional stone tender included 13 single stones totalling 1,440 carats 10 diamonds sold for more than $1.0 million each including 5 stones which sold for in excess of $2.0 million each. Lot 801, the 336.3 carat Type IIa diamond sold for $8.18 million ($24,324/carat). Lot 802, the 8.03 carat pink diamond sold for $911,911 ($113,563/carat). Lot 803, the 83.5 carat Type IIa diamond sold for $4.13 million ($49,467/carat) and was the highest value per carat stone sold at the tender.
Mon Nov 9, 2015 - 2015 Third Quarter FINANCIAL UPDATE
Revenues and operating margin: The Company achieved revenues of $90.9 million or $1,081 per carat in the third quarter of 2015. The Company's third quarter operating margin was $951 per carat or 88%, which is largely due to the Company's first exceptional stone tender in 2015, which achieved proceeds of $68.7 million from the sale of 1,674 carats.
Year to date revenue to September 30, 2015 was $158.6 million or $560 per carat achieving a 77% operating margin.
Thu Aug 13, 2015 - 2015 Second Quarter HIGHLIGHTS
Cash flows and Diamond Revenues: The Company achieved revenues of $38.1 million or $412 per carat in the second quarter of 2015, excluding $1.6 million of proceeds received after the quarter end. Revenues for the first six months totalled $67.8 million or $340 per carat which were 6.9% higher than the full year dollar per carat achieved in 2014 mainly due to the increase in the number of higher value single stones sold at the regular tenders.
The Company's first exceptiona
Thu Jul 16, 2015 - 14 single stone lots totaling 1,674 carats 12 diamonds sold for more than $1.0 million each including 5 stones which sold for in excess of $4.0 million each. Lot 701, the 341.9 carat Type IIa diamond (discovery announced April 20, 2015), sold for $20.55 million ($60,114/ct) and Lot 702, the 269.7 carat diamond, sold for $16.54 million ($61,304/ct).
Wed May 13, 2015 - 2015 First Quarter HIGHLIGHTS
Exceptional Diamonds: The Company recovered its largest gem quality diamond at 342 carats. The diamond will be offered for sale at the Company's first exceptional stone tender in 2015.
Plant Optimization Project: A primary focus for the Company in 2015 is to complete the plant optimization program so that it can commence mining the high value south lobe ore on a sustainable basis during the year. The project has advanced very well with construction largely complete