Diamcor Tender Average $118.59 per Carat

(IDEX Online News) – Diamcor Mining Inc realized $813,440 at the first of its two tenders planned for the third quarter of the year by. The sale of 6,859.31 carats had an average price of $118.59 per carat.

Diamcor said the per carat price was in line with its expectations, given current market conditions.

The company’s second tender of goods from the Krone-Endora at Venetia project in South Africa is scheduled to take place this month.

Diamcor is planning on tendering approximately 9,480 carats in its current third fiscal quarter ending December 31, 2015, a ~95% increase when compared to the 4,845.93 carats tendered and sold in the second quarter.   

The miner also reported that it continues to advance its efforts with respect to the pending confirmation and receipt of final approvals from the South African Department of Water Affairs to allow for the integration of additional water boreholes aimed at supporting further increases in the processing volumes and the optimization of the Krone-Endora at Venetia’s dry screening plant and main treatment plants.