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DIAMCOR RAKES IN $1.4 MILLION IN THE LAST QUARTER OF 2019

Diamcor Mining ends 2019 on a high note, selling more carats for more dollars
rough diamonds diamcor Africa
Credit: Diamcor Mining

Diamcor Mining has announced the results for its third fiscal quarter ended December 31, 2019, reporting the sale of 13,218 carats of rough for a gross revenue of $1,412,117 ($106.83 per carat).

 

diamcor rough diamond Africa
Credit: Diamcor Mining

 

According to IDEX Online, the lower dollar per carat achieved during the period “was due to the significantly higher percentage of smaller, lower quality rough diamonds recovered” at the miner’s Krone-Endora at Venetia Project. Nonetheless, the results are still higher than the previous quarter, when Diamcor sold 3,759.62 carats, generating gross revenues of $560,059.

 

Daimcor rough diamonds africa
Credit: Diamcor Mining

 

More than 1,500 carats, which were recovered until December 31, will be tendered and sold in the current fiscal quarter (ending March 31, 2020).



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