GJ Town India

  Lucapa Diamond Company announces the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola. A total of 3,477 carats of Lulo diamonds sold for gross proceeds of US$2.3 million (A$3.2 million) on a 100% basis, representing an average price of US$663 (A$911)/ carat. Total sales at year to date amounted to 12,266 carats for US$15.7 million (A$23.2 million) or US$1,283 (A$1,892)/ carat at Lulo diamonds. Lucapa Managing Director Stephen Wetherall commented: “SML has delivered strong operational performances soon after recommencing operations following the lockdown.  Although the average diamond size in this sale parcel was smaller than average, the encouraging signals being seen in the industry currently have led to upward price movements across a number of diamond categories.   That together with the record recoveries from the leziria areas suggests Lulo should have a much improved second half in 2020”.  

Tender sold for gross proceeds of $653, 652.23 Diamcor Mining announces the tender and sale of 2,979.67 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project.  The 2,979.67 carats tendered were sold for gross proceeds of USD $653,652.23, resulting in an average price of USD $218.82 per carat.  An additional 2,312.82 carats of rough diamonds-prior to acid wash were also delivered prior to the end of November 2018, which will be offered in a final tender of the Company’s third fiscal quarter in December 2018. “We are pleased with the quality and value of the Project’s rough diamonds, and our efforts have shifted to increasing the volume of material being processed, and the inclusion of all size fractions up to 40.0mm moving forward”, commented Diamcor CEO, Mr. Dean Taylor. “Initial processing of material in all size fractions is meeting Company expectations, and we look forward to the potential...

Mountain Province sees a sustainable rough mining rate during 2019 to 2021 Mountain Province Diamonds provides guidance for fiscal year 2019 for the Gahcho Kué Mine as well as an update on company’s performance in 2018. All amounts expressed in Canadian dollars unless otherwise stated.  During the 2018 about 3.1 to 3.2 million ore tonnes processed & 6.6 to 6.9 million carats diamond production recovered.   During the year production costs remained around $110 – $120 per tonne processed that is $50 – $54 per carat recovered cost in 2018.  In addition to the 2019 guidance, the Company also provides a 3-year production outlook for the Gahcho Kué Mine.  The production guidance over the three-year period 2019 to 2021 is evidence of a sustainable and smooth mining rate as the mine performance maintains a steady state. The mine has performed well in 2018 and there is high confidence that the tonnes treated will be on target for the year and c...