VANCOUVER (miningweekly.com) – South Africa-focused project developer Diamcor Mining sold 8 274.47 ct of diamonds in the second quarter ended September 30.
Two tenders were held during the quarter, raising proceeds of $1.17-million or $141.03/ct.
The sales included diamonds recovered from its Krone-Endora at Venetia project up to August 16.
Rough diamonds recovered from August 16 to September 30, will be recorded as rough diamond inventory on-hand for the second fiscal quarter, Diamcor said on Monday.
The miner has yet to declare commercial production at Krone-Endora and recoveries are incidental to the ongoing commissioning and testing exercises performed at the project.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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