Gem Diamonds Limited announced as previously reported in the first half of 2022 Trading Update, the 2022 production metrics were guided to the lower end of the original guidance as published in March 2022. The impact of the loss of production in October has resulted in a revision of the full year guidance for tonnes treated to approximately 5.45 million tonnes (previously between 5.60 and 5.80 million tonnes). As a result of the reduction in tonnes treated, guidance with respect to carats recovered and carats sold has been reduced to approximately 104,000 (previously 112,000 to 116,000) and approximately 105,000 (previously 110,000 to 114,000) respectively.

Cost guidance remains unchanged.