Program aims to educate young consumers about mined stones’ positive qualities.
Impairment charge and lower average rough prices in flat market hurt bottom line.
Improvements in plant processing and ore grades lift miner’s guidance for Gahcho Kué.
Economic headwinds, Chinese caution and the threat of lab-grown are the trade’s current concerns. But the recurring difficulties that existed before Covid-19 have not gone away.
Miner sold some inventory to joint-venture partner De Beers and is holding remainder in stock.
Miner also held back stock from sale due to challenging market.
Operations at Gahcho Kué, Ekati and Diavik continue unhindered.
Revenue down 39% year on year in second quarter.
Miner held one tender fewer than usual during the period.
Company held more tenders than a year earlier.
Company saw record first-quarter sales of $95 million.