JOHANNESBURG (miningweekly.com) – TSX-V-listed Diamcor Mining’s second rough diamonds tender and sale from its Krone-Endora at Venetia mine, in the Northern Cape, has generated $702 635 in gross proceeds from the sale of 3 265 ct ranging in the 1 mm to -45 mm size fractions.
This represents an average price of $215.20/ct.
The tender included the sale of three rough diamonds in the specials category – bigger than 10.8 ct. These were a 12.80 ct diamond, a 12.89 ct gem quality diamond and a 13.51 ct diamond.
The sale also brought the total rough diamonds tendered and sold from processing through the newly expanded facilities to 6 165 ct, with seven individual rough diamonds being in the specials category.
The miner plans to complete a third tender and sale prior to the end of the current quarter.
“We’re very pleased with the results of these initial tenders and sales of rough diamonds from our newly expanded facilities, especially at a time when many operators are experiencing lower-than-expected results due to continued weakness in rough diamond prices,” noted Diamcor CEO Dean Taylor.Creamer Media Senior Deputy Editor Online