Diamcor Reports "Excellent" Prices as it Recovers from Covid Closure

April 25, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Diamcor achieved an average $278 per carat in its second tender of the year, after Covid forced the closure of its mine.It said prices held firm, demonstrating its potential to generate "excellent" dollar per carat results from processing quarry material at the Krone-Endora mine at Venetia Project, in South Africa.The Canadian junior miner acquired the deposit from De Beers in February 2011, and has a long-term strategic alliance and first right of refusal with Tiffany & Co's Canadian subsidiary.The mine resumed operations last December after almost a year of Covid-enforced closure.Diamcor sold 2,122.76 carats of rough in April, all but 242 carats in Dubai. The remainder were sold to the South African State Diamond Trader. In February it generated $266,705 gross selling 1,452 carats from initial exercises, averaging $183 per carat.CEO Dean Taylor said Diamcor was still operating below full capacity to keep costs down, but was committed to to increasing its processing volumes.Pic courtesy Diamcor 

Recent News

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok