The company produced 4.01 million carats in 2016 against a target of between 4.4 million and 4.6 million carats.
However, the company said in its annual general meeting report that risks to the fiscal year 2018 performance related to the labour disruption in South Africa, grade and throughput variability during the ongoing project ramp-up phase, as well as the uncertain outlook for Williamson mine in Tanzania.
It also said increasing volumes against its fixed cost base would have positive impact on fiscal year 2018 results.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished