Earnings Report /
Russia

Alrosa: 3Q21 trading update – Broadly in line with expectations; Neutral-to-positive

  • ALROSA (ALRS.RX, O/W, RUB 159.1/share) reported its 3Q21 operational update

  • Diamond production reached 8.8 mn rising by 26% q/q on the back of seasonal processing of gravels

  • We note a seasonal decline in the resource grade which reflects higher volumes from alluvial deposits

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
15 October 2021
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