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Trans Hex reports year-to-date sales of R635.9m

18th March 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) –TSX-listed diamond miner Trans Hex on Monday reported year-to-date sales at end-January of 56 587 ct for total revenue of R635.9-million.

The group noted in a sales and production update that year-to-date production at its South African operations amounted to 61 204 ct at the end of February.

The company’s 33%-owned Somiluana mine, in Angola, produced 38 869 ct during the same period. 

Tender sales of diamonds from its South African operations in December and January amounted to R159.6-million, with the group having sold 13 540 ct at an average price of $1 317/ct.

Further, Somiluana realised $2.64-million for its January and February tenders, at which it sold 6 872 ct at an average price of $384/ct.

Meanwhile, cash and cash equivalents at the end of February amounted to R355.3-million. 

Further sales of both South African and Angolan production would be held in March. 

The group expected its year-end financial results to be released on or about June 3.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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