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Diamcor’s Sales Soar After Increased Processing, Facility Upgrades

Feb 29, 2016 6:39 AM   By Rapaport News
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RAPAPORT... Diamcor’s revenue nearly doubled in the three months that ended December 31 as increased processing and facility upgrades at the Krone-Endora at Venetia project in South Africa helped the miner boost the volume of diamonds it recovered and sold.

The miner’s rough sales surged 95 percent year on year to $1.3 million (AUD 1.7 million) in its third fiscal quarter, according to a statement February 25. Diamonds sold by volume jumped to 9,469 carats compared with 3,579 carats a year earlier, according to the company, which is listed on Canada’s TSX Venture Exchange.

The average sales price per carat for the nine months to December 31 was $187.51, compared with $212.83 a year previously.
Tags: diamcor, Krone-Endora at Venetia, mining, Rapaport News, rough sales, South Africa
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