Rio Tinto’s Diavik Produces Less Diamonds in Q1 2023

Rio Tinto, which owns 100% of the Diavik mine in the Northwest Territories of Canada,  has reported lower production in Diavik in the first quarter of the year when compared to Q1 2023 and Q4 2022, Rough & Polished reports.

In Q1 2023, Rio Tinto recovered 954,000 carats from Diavik – a 4% drop year-on-year, and a 27% drop quarter-on-quarter. According to Rio Tinto, Diavik’s lower output “was due to the restrictions placed on accessing open pit material.”

 In January, the miner revised down its 2023 production forecast – from 4.5 to 5 million carats to 3 to 3.8 carats.  Production for 2022 totalled 4.65 million carats.

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