| Mon 2 Mar 2015, 14:17 | | TRANS HEX GROUP LIMITED - Sales and production update |
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TSX 201503020047A
Sales and production update
TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or the “Group”)
SALES AND PRODUCTION UPDATE
Trans Hex is pleased to provide an update in respect of its latest diamond sales and production.
SALES
The Group’s October 2014 to February 2015 tender sales of South African production amounted to
R358,8 million (27 553 carats at an average price of US$1 161 per carat and exchange rate of
R11,21/US$).
Average prices decreased by 25,4% compared to the average prices achieved from sales during the
first six months of the financial year, due to fewer large stones being sold and a slight decrease in
global prices.
Eleven single stones were sold for more than US$10 000 per carat, including one exceptional pink
stone of 2,7 carats from Baken Mine, which sold for US$60 722 per carat. A 42,6-carat stone, also
from Baken Mine, realised US$988 888.
Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, realised a total of US$15,1 million
for its October 2014 to January 2015 sales (37 302 carats at an average price of US$404 per carat).
Average prices in Angola decreased by 21,2% compared to the average prices achieved during the
six months ended September 2014 as a result of variation in the size and quality of the stones, as well
as a slight decrease in global prices.
Despite the softening of global prices, diamond fundamentals remain solid and Trans Hex product
remains highly desirable.
The next sale of South African production will be held in March 2015. Somiluana conducts monthly
sales.
PRODUCTION
Year-to-date production at the Group’s South African operations amounted to 52 667 carats at
end-January. During the first six months of the financial year 32 450 carats were produced, while
20 217 carats were produced in the four-month period from October 2014 to January 2015.
Year-to-date production at Somiluana amounted to 78 448 carats at end-January. During the first six
months of the financial year 44 400 carats were produced, while 34 048 carats were produced in the
four-month period from October 2014 to January 2015.
The Group’s financial year ends on 31 March and it expects to release its annual results on or about
2 June 2015.
The external auditors have not reviewed or reported on the information provided in this update and it
does not constitute an earnings forecast.
Cape Town
2 March 2015
Sponsor
One Capital
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