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Diamcor Sales Stall Amid Shift to Cheaper Rough
Diamcor Mining’s rough-diamond sales were flat year on year in the third fiscal quarter, as a shift to lower-quality goods led to a drop in the average price.The company sold 13,218 carats for $1.4 million during the period...
Mining Jan 27, 2020 Rapaport News
rough diamond in fingers Diamcor 150
Diamcor Mining Shifts Back into Black
Diamcor Mining returned to profit in the second fiscalquarter, as an efficiency program helped it reduce costs. The miner recorded a net profit of $350,676 for the threemonths ending September 30, versus a loss of $417,368 during the same...
Mining Nov 19, 2019 Rapaport News
Diamcor rough
Diamcor Sales Drop Amid Production Shift
Diamcor Mining’s rough-diamond sales fell 22% year on yearto $569,059 in the second fiscal quarter amid production of smaller,lower-quality stones. The company sold 3,760 carats, including a 20.66-caratgem-quality rough, for an average price of $151 per...
Mining Sep 24, 2019 Rapaport News
Diamcor Sells $1.4M of Rough in 3Q
Diamcor Mining’s rough-diamond sales rose 62% year on yearto $1.4 million in the third fiscal quarter. The company sold 7,162 carats during the period which ends December 31, for an average price of $196...
Mining Dec 25, 2018 Rapaport News
Trans Hex
Miner Miscommunication: A Lack of Clarity
A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the“washing season of 2018” at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season,...
Mining Nov 21, 2018 Joshua Freedman
Diamcor to Offer Additional Diamonds at Tender
Diamcor Mining will put an additional 5,336 carats of roughrecovered from its Krone-Endora at Venetia project on sale in November. The stones are in addition to the 2,607 carats from regularprocessing the miner reported in September, it said Tuesday....
Mining Nov 07, 2018 Rapaport News
Diamcor 150
Higher Average Price Drives Diamcor Rise
Revenue at Diamcor Mining increased 3% during the mostrecent fiscal year, boosted by a higher average price, the miner said Monday. Rough-diamond sales rose to $4.6 million during the 12months ending March 31, the company...
Mining Aug 01, 2018 Rapaport News
Diamcor production
Diamcor 1Q Sales Decline
Diamcor Mining’s rough-diamond revenue fell 3% to $1.9million in the first fiscal quarter due to a drop in sales volume.The company, which sources rough from its Krone-Endora atVenetia mining project in South Africa, saw sales by weight slide...
Mining Jul 11, 2017 Rapaport News
Rough Diamonds
Diamcor Hurt by Weak Rough Prices
Diamcor Mining’s sales declined 8 percent in the fiscalthird quarter, the company said Wednesday, citing sluggish rough-diamondprices.Revenue fell to $1.2 million (CAD 1.6 million) from the saleof 9,435 carats in the three months that...
Mining Mar 02, 2017 Rapaport News
Diamcor Rough Sales Fetch $141/ct.
Diamcor Mining sold $1.2 million of rough diamonds in thesecond fiscal quarter ending September 30, at an average price of $141 percarat.The miner tendered and sold 8,274 carats, a surge of 171percent from a year ago. The revenue...
Mining Sep 27, 2016 Rapaport News
Diamcor Raises $4.5M for Krone-Endora Project
Diamcor Mining closed a privateplacement, with gross proceeds of $4.5million (CAD 5.8 million) to advance the Krone-Endora at Venetia Project inSouth Africa.The offering was oversubscribed, with 90 percent of the “units”acquired by institutional investors, Diamcor said. One...
Mining Sep 04, 2016 Rapaport News
Diamcor Aims to Raise $4M for South Africa Project
Diamcor Mining plans to raise $3.9 million (CAD 5 million)through a private placement to acquire equipment and materials needed toadvance its Krone-Endora at Venetia project in South Africa.The miner plans to place up to 4,545,455 “units” at $0.85(CAD 1.10) each,...
Mining Aug 25, 2016 Rapaport News
Diamcor Sales Spike Despite Rough Price Drop
Diamcor Mining’s revenue more than quadrupled in its firstfiscal quarter as increased efficiencies and processing volumes offset adecline in rough prices.Revenue jumped to $1.9 million (CAD 2.4 million) in thethree months that ended June 30 from...
Mining Aug 22, 2016 Rapaport News
Diamcor Earnings Fall Deeper Into the Red
Diamcor Mining widened its loss in fiscal 2016 as higheroperating expenses at its flagship mining project in South Africa outweighed a surgein revenue.Total comprehensive loss soared 80 percent to $4.3 million(CAD 5.6 million) in the 12 months that ended...
Mining Jul 26, 2016 Rapaport News
Diamcor production
Diamcor Sales Surge Despite Weak Rough Prices
Diamcor Mining reported the average price of its sales inthe first fiscal quarter declined to $142.40 per carat even as revenue soared.The company sold 13,385 carats for $1.9 million in the threemonths that will...
Mining Jun 28, 2016 Rapaport News
Diamcor Sells Almost $1M of Krone-Endora Rough
Diamcor Mining sold $951,632 of rough diamonds from its minein the Limpopo province of South Africa at an average price of $121.67 percarat.The company completed three tenders so far in itsfirst fiscal quarter ending June 30, selling...
Mining Jun 06, 2016 Rapaport News
Diamcor Sells Krone-Endora Diamonds for $149 per Carat in 4Q
Diamcor Mining reported it sold 6,897 carats of roughdiamonds from its Krone-Endora at Venetia project in South Africa for a totalof $1 million from two tenders held since the start of 2016. The average priceachieved was $149.12...
Mining Mar 08, 2016 Rapaport News
Tiffany, Diamcor Agree Loan Deferral, Maturity Extension
Tiffany & Co. Canada, a subsidiary of New York-basedretailer Tiffany & Co., has agreed to defer payments and extend the maturitydate of financing arrangements with rough supplier Diamcor Mining.Tiffany & Co. Canada gave Diamcor...
Financial-Legal Jan 24, 2016 Rapaport News
Diamcor Sells Rough for $150/ct at Second Tender in 3Q
Diamcor Mining sold 2,404 carats at an average price of $150per carat at its second tender of rough diamonds in the third quarter from its Krone-Endora at Venetiaproject in South Africa. The miner got $360,016 in revenues from thesale.Combined...
Mining Dec 20, 2015 Rapaport News
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