Aber H1 Diamond Sales Fetch $19.2 Million

40 percent Diavik stakeholder Aber saw production, and resulting income, leap during the second fiscal quarter compared to the first quarter.

By the end of July, Aber had received 481,000 carats from Diavik, and over the six-month period revenue from diamond sales was $19.2 million of which $15.1 million were generated in the second quarter alone.

Aber is not releasing any official numbers on a sale by sale basis, but is willing to say that average price per carat sold is “substantially” above feasibility study estimates.

During the second calendar quarter, the processing plant reached 62 percent of design capacity, up from 38 percent during the first quarter and diamonds recovered were mined predominantly from the mud-rich overburden that lies on top of the main reserve of the A-154 South pipe. Current production is now mostly from the ore reserve.