Anglo American News, Photo, Video and Current Affairs

Diamonds(1) (000 carats) Q1 2026 Q1 2025 Q1 2026 vs. Q1 2025 Q4 2025 Q1 2026 vs. Q4 2025 Botswana 4,814 4,572 5% 1,881 156% Namibia 556 631 (12)% 459 21% South Africa 740 483 53% 496 49% Canada 1,023 389 163% 949 8% Total carats recovered 7,133 6,075 17% 3,785 88% (1) Production is on a 100% basis, except for the Gahcho Kué joint operation which is on an attributable 51% basis. Operational Performance Rough diamond production increased by 17% to 7.1 million carats, primarily driven by planned ore release from Gahcho Kué in Canada and higher volumes from Venetia underground. In Botswana, production increased by 5% to 4.8 million carats, as a result of higher recovered grade at Orapa. Jwaneng production was broadly consistent with the comparative period. Namibia's production decreased by 12% to 0.6 million carats, due to scheduled maintenance on two vessels at Debmarine Namibia along with the impact of decommissioning two vessels in 2025. In South Africa, production at Venetia increased by 53% reaching 0.7 million carats, largely as a result of processing higher volumes of underground ore. In Canada, production increased to 1.0 million carats, reflecting the planned ore release in Gahcho Kué from a new area of the mine. Trading Performance Rough diamond trading conditions continued to be challenged due to ongoing industry, geopolitical and tariff headwinds. Rough diamond sales in Q1 2026 totalled 7.7 million carats (6.4 million carats on a consolidated basis)(1) from two Sights, generating consolidated rough diamond sales revenue of $648 million. This compares with two Sights in Q1 2025 of 4.7 million carats (4.2 million carats on a consolidated basis)(1), generating $520 million of consolidated rough diamond sales revenue. The consolidated average realised price declined by 19% to $101/carat, primarily driven by a 17% decrease in the average rough price index (which is now reported including the impact of the stock rebalancing actions) as well as a sales mix with a higher proportion of lower value goods. Anglo American is committed to divesting De Beers and we continue to progress a formal sale process and expect to provide an update through the course of 2026. 2026 Guidance Production(2) guidance for 2026 is unchanged at 21–26 million carats (100% basis). De Beers continues to monitor rough diamond trading conditions in order to align output with prevailing demand. Unit cost guidance for 2026 is unchanged at c.$80/carat(3). (1) Consolidated sales volumes exclude De Beers Group’s JV partners’ 50% proportionate share of sales to entities outside De Beers Group from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis). (2) Production is on a 100% basis, except for the Gahcho Kué joint operation which is on an attributable 51% basis. (3) FX rate assumption for 2026 unit costs of c.16.00 ZAR:USD. Diamonds(1) Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q1 2026 vs. Q1 2025 Q1 2026 vs. Q4 2025 Carats recovered (000 carats) 100% basis (unless stated) Jwaneng 2,232 0 3,151 1,859 2,249 (1)% n/a Orapa(2) 2,582 1,881 2,879 792 2,323 11 % 37 % Total Botswana 4,814 1,881 6,030 2,651 4,572 5 % 156 % Debmarine Namibia 354 286 303 385 461 (23) % 24 % Namdeb (land operations) 202 173 154 150 170 19 % 17 % Total Namibia 556 459 457 535 631 (12)% 21 % Venetia 740 496 659 592 483 53 % 49 % Total South Africa 740 496 659 592 483 53 % 49 % Gahcho Kué (51% basis) 1,023 949 511 361 389 163 % 8 % Total Canada 1,023 949 511 361 389 163 % 8 % Total carats recovered 7,133 3,785 7,657 4,139 6,075 17 % 88 % Total sales volume (100%) (000 carats)(3) 7,723 5,941 5,715 7,555 4,715 64 % 30 % Consolidated sales volume (000 carats)(3) 6,408 5,383 4,558 6,815 4,190 53 % 19 % Consolidated rough diamond sales value ($m)(4) 648 571 700 1,185 520 25 % 13 % Average price ($/ct)(5) 101 106 154 174 124 (19) % (5) % Average price index(6) 68 74 81 83 82 (17) % (8) % Number of Sights 2(7) 3 2 3 2 (1) Production is on a 100% basis, except for the Gahcho Kué joint operation which is on an attributable 51% basis. (2) Orapa constitutes the Orapa Regime which includes Orapa, Letlhakane and Damtshaa. Letlhakane was placed on care and maintenance in March 2025, and Damtshaa has been on care and maintenance since 2021. (3) Consolidated sales volumes exclude De Beers Group’s JV partners’ 50% proportionate share of sales to entities outside De Beers Group from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis). (4) Consolidated rough diamond sales value includes De Beers Group's 50% proportionate share of sales to entities outside De Beers Group from Diamond Trading Company Botswana and the Namibia Diamond Trading Company. (5) Consolidated average realised price based on 100% selling value post-aggregation. (6) Average of the De Beers price index for the Sights within the period. The 2025 indices have been restated to include the effect of the stock rebalancing actions. The De Beers price index is relative to 100 as at December 2006. (7) Sight 3 commenced in March 2026, however was not complete by quarter end. The full Sight 3 results will be reported in Q2 2026.

Tag: Anglo American

Most Read

Senior South African Diplomatic Delegation Visits BDB

Dholakia Lab Grown Diamond Raises ₹800+ Crore to Lead India’s Fast-Growing LGD Segment

India’s new shopping mindset, Before You Buy Gold, #PehlaCheckIAGES

CaratLane Celebrates Gifting with a Thoughtful Twist, with Mother’s Day Campaign Featuring Yami Gautam Dhar

EDITOR PICKS

Senior South African Diplomatic Delegation Visits BDB

Dholakia Lab Grown Diamond Raises ₹800+ Crore to Lead India’s Fast-Growing LGD Segment

India’s new shopping mindset, Before You Buy Gold, #PehlaCheckIAGES

POPULAR POSTS

Senior South African Diplomatic Delegation Visits BDB

Dholakia Lab Grown Diamond Raises ₹800+ Crore to Lead India’s Fast-Growing LGD Segment

India’s new shopping mindset, Before You Buy Gold, #PehlaCheckIAGES

POPULAR CATEGORY

ABOUT US

FOLLOW US