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Diamcor Sells Rough for $150/ct at Second Tender in 3Q
Dec 20, 2015 8:55 AM
By Rapaport News
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RAPAPORT... Diamcor Mining sold 2,404 carats at an average price of $150
per carat at its second tender of rough diamonds in the third quarter from its Krone-Endora at Venetia
project in South Africa. The miner got $360,016 in revenues from the
sale.
Combined sales in the quarter surged 95 percent to 9,469
carats, according to a statement December 18. Revenue soared 78 percent to an
estimated $1.2 million compared with sales in the previous period. The average
price per carat slipped 9 percent to $127, compared with $140 in the second quarter, in line with the company’s
expectations off the back of market conditions.
Rough diamonds recovered between November 16 and December
31 will be recorded at the end of the year as inventory and are expected to be
tendered before the end of March 2016, according to the miner, which is listed
on Toronto’s TSX Venture Exchange.
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Tags:
Diamcor Mining, Krone-Endora at Venetia, Rapaport News, South Africa
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