Gem Diamonds (GEMD) - Strong Q4 production and revenue numbers
The Q4 update from the Lesotho diamond miner is very positive, particularly as it predates the various large gemstone found recently.Full year revenues from their Letšeng mine reached US$184.6m, up 12% over 2016, with an average price of $1,695 per carat ($/ct). Pricing progress has continued in Q4 where prices reached $2,217/ct, from $1,858/ct in Q3. Sales were strong in Q4, as not only did the average price go up, but so did the caratage (nearly 31,500 carats as compared to just over 25,900 carats in Q3).
BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
Kodal Minerals is engaged in exploring and developing mineral assets. Co.'s operations and assets are focused in the U.K., West Africa and Norway. Co.'s Lithium Projects are located in southern Mali namely the Bougouni Project and the Diendio Project. Co. has also maintained the suite of gold exploration licences in Cote d'Ivoire and Mali. Co. also retains full rights to the two projects located in Norway, namely the Kodal Project, a phosphate and titano-magnetite project located in southern Norway and the Grimeli copper-zinc project located in western Norway.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.