Junior diamond miner Diamcor Mining recently completed the tender and sale of 2 427 ct, generating gross revenues of $271 263, representing an average price of $111.87/ct.
The TSX-V-listed miner says it is also continuing efforts to implement short-term operational changes and cost reduction efforts at its Krone-Endora at Venetia project, since the lockdown directive associated with Covid-19 was imposed by the South African government in March.
The project has, however, been put on temporary care and maintenance, and Diamcor says it continues to reduce, defer and minimise costs, including management and director compensation, where possible, during the lockdown period.
The miner is also working with its corporate bank and the South African government, in an effort to secure Covid-19 relief funds to support the project’s return to day-shift operations when possible.
Owing to the Covid-19 pandemic, Diamcor will be filing its yearly filings by September 12.