Company Diamcor Mining Inc. It received $ 1.9 million from the sale of 13, 384.72 carats of diamonds from the site Krohn-Endora (Krone-Endora) Venice Project (, Venetia) in South Africa in the first fiscal quarter (June 30).
In the last quarter of the tender in June, the company sold a total of 5,563.59 carats of rough diamonds with a gross revenue of $ 954,346 at an average price of $ 171.53 per carat. In May, it sold 4789 carats of diamonds at an average price of $ 117.9 per carat, or a total of $ 564 639.
In April Diamcor sold 3 031.95 carats for $ 386,993, or an average of $ 127.64 per carat.
"Prices of carats of diamonds, which has been achieved in the framework of tenders in the reporting period, in line with expectations of the company and reflect the decline in prices for certain categories of diamonds in this period", - noted in Diamcor.
"The diamonds sold in the current period, were produced before May 29, 2016 Diamonds mined in the period from May 29 to June 30, 2016, will be placed in run-off for the first fiscal quarter to June 30, 2016." - added to the company.
All diamonds sold in the tender, were accidentally discovered during the commissioning and testing of the diamond project Krohn-Endor, concluded in Diamcor.
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Lucara Diamond Corp. reported that is likely at the mine cars (Karowe) in Botswana in 2016 will be processed 2.4 million tons of ore and produced 350 000 carats of diamonds.
Last year, the company's production of diamonds amounted to 365,690 carats.
According to forecasts Lucara, in 2016 its revenue of $ 200- $ 220 million.
These figures do not include the income from the sale of very valuable stones from sewage company, including the second largest diamond in the world weighing 1111 carats, known as Lesedi La Rona, and other stone weighing 813 carats.
Last year, the company sold 377,136 carats for $ 223.8 million. The average price per carat of $ 593.
Lucara Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2015 was $ 133.9 million compared with $ 173.4 million a year earlier.
As noted in the company's operating profit decline was largely due to lower sales in carats in 2015.
"2015 brought the company's strong operating results, we succeeded in time to complete the project on optimization of the processing facility to produce large-sized diamonds, so were produced the second and sixth largest diamonds of gem quality in the world." - said Uilyam Lemb (William Lamb), President and CEO of Lucara.
By the end of 2015, the net balance of cash Lucara was $ 134.8 million versus $ 100.8 million in the previous year.
The increase in the cash balance of the company was due to the high influx of operating profit, which succeeded to complete the optimization of the processing facility, to finance the stripping and pay dividends to shareholders in the amount of $ 11.8 million.
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