CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Mining
CEO Al Cook holds first formal meeting with new president, Duma Boko.
Company now expects between $160 million and $180 million, compared to original $220 million to $250 million.
Revenue up 12% year on year in third quarter.
Company also reduces production outlook for 12-month period.
Average price grew 22% year on year in third quarter amid higher-value rough offering.
Third-quarter sales for Lulo mine up 86% at $16.9 million.
July shutdown of Diavik deposit due to unstable ground dented company's rough production.
Sales volume up 42% year on year in third quarter.
Divestment will enable company to save $15 million to $18 million in closure-related costs.
Miner will maintain a five-year rough-supply agreement with Eira Thomas and HRA Group to use Clara for its own production.