Gem Diamonds Ltd 2019 IR
The report outlines Gem Diamonds' operational and financial performance for the fiscal year 2019, highlighting the renewal of the Letšeng mining lease for a 20-year period. Despite challenging market conditions that led to a 32% decline in revenue to US$182.0 million, the company successfully recovered 11 diamonds greater than 100 carats, including a record-breaking 13.32-carat pink diamond. Additionally, the company's Business Transformation programme delivered US$54.9 million in cumulative benefits, keeping it on track to reach its US$100 million target by 2021. On the sustainability front, Gem Diamonds maintained its ISO 14001 and ISO 45001 certifications, although it regrettably recorded one workplace fatality.
Company: Gem Diamonds Ltd
Sector: Mining & quarrying
Country: United Kingdom
Year: 2019
Type: IR
Pages: 84
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Gem Diamonds Ltd
Annual Report And Accounts
The report outlines Gem Diamonds' operational and financial performance for the fiscal year 2019, highlighting the renewal of the Letšeng mining lease for a 20-year period. Despite challenging market conditions that led to a 32% decline in revenue to US$182.0 million, the company successfully recovered 11 diamonds greater than 100 carats, including a record-breaking 13.32-carat pink diamond. Additionally, the company's Business Transformation programme delivered US$54.9 million in cumulative benefits, keeping it on track to reach its US$100 million target by 2021. On the sustainability front, Gem Diamonds maintained its ISO 14001 and ISO 45001 certifications, although it regrettably recorded one workplace fatality.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees