Diamcor Q1 2016 Diamond Tenders Raise $1.9 Million
June 27, 16
(IDEX Online News) – Diamcor Mining Inc. has announced updated results of its rough diamond tenders from the first fiscal quarter ending June 30, from its Krone-Endora at Venetia Project in South Africa.
In the final tender of the quarter held in June, the company sold a combined total of 5,563.59 carats of rough diamonds with gross proceeds of $954,346.49 for an average price of $171.53 per carat. The final combined rough diamonds tendered and sold during the first fiscal quarter was 13,384.72 carats, generating proceeds of $1.9 million for an average price of $142.4 per carat.
In April, Diamcor sold 3,031.95 carats of rough diamonds for gross proceeds of $386,993 or an average price of $127.64 per carat. In a subsequent tender in May, the company sold 4,789.18 carats of rough diamonds for gross proceeds of $564,639 or an average price of $117.9 per carat.