|Bid||0.38 x 0|
|Ask||0.39 x 0|
|Day's Range||0.38 - 0.40|
|52 Week Range||0.35 - 0.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.90|
The Company further announces that, as part of the Revised Offering, the Company has paid to one finder an aggregate cash commission of CDN$1814.40 , representing 6% of the gross proceeds received from subscribers introduced to the Company by such finders, and has issued an aggregate of 5,184 non-transferable warrants to such finder (the "Finder's Warrants"), representing 6% of the number of Units sold to subscribers introduced to the Company by such finder. Each Finder's Warrant entitles the holder to purchase one Share of the Company at an exercise price of CDN$0.60 until June 20 , 2021. The Finder's Warrants will also be subject to a hold period ending on October 21, 2018 . The Company has received additional subscription interest for the balance of the Revised Offering from various parties and anticipates closing the remaining balance of the Revised Offering in a Second and Final Tranche in the short-term, subject to the receipt and finalization of subscription documentation from various parties by the Company. The proceeds from the First Tranche of the Revised Offering will allow the Company to proceed without further delay in finalizing its initial efforts to address the insufficient recoveries of water from the Project's settling dams through the installation of additional screening equipment, which will be followed by the incorporation of paste thickening technology to support increased processing volumes at the Project for the long-term.
KELOWNA, BC, Dec. 13, 2017 /PRNewswire/ - Diamcor Mining Inc., (the "Company") announces the results of the tender and sale of rough diamonds recovered prior to November 9, 2017 from ongoing exercises being performed at the Company's Krone-Endora at Venetia Project (the "Project"). The Company sold 4,353.91 carats of rough diamonds for gross proceeds of USD $864,546.09, resulting in an average price of USD $198.57 per carat.
Categories: Yahoo FinanceGet free summary analysis Diamcor Mining, Inc. reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Diamcor Mining, Inc. – Stornoway Diamond Corporation and Shore Gold Inc. (SWY-CA and SGF-CA) that have also reported for this period. Highlights Summary numbers: Revenues of CAD 1.65 ... Read more (Read more...)
Shares Issued and Outstanding: 54,659,623 TSXV:DMI OTCQB:DMIFF KELOWNA, BC , Oct. 10, 2017 /PRNewswire/ - Diamcor Mining Inc., (the "Company") announces the results of the tender and sale of ...
During the fiscal year ended March 31, 2017, the Company generated revenue of $5,928,425 (US $4,466,549) net of commission and fees, from the sale of 32,627.97 carats of rough diamonds for an average price per carat of US $136.89. This compares to revenue of $4,681,508 (US $3,363,264) net of commission and fees, from the sale of 24,068.01 carats of rough diamonds for an average price of US $139.74, during the prior fiscal year. The recovery of all rough diamonds was incidental to the ongoing commissioning and testing exercises being performed by the Company given that the continuing development and expansion of the facilities at the Project were aimed at supporting increased processing volumes over the long-term.
Diamcor Provides Results of Rough Diamond Tenders and Operational Update for First Fiscal Quarter
KELOWNA, BC, July 10, 2017 /PRNewswire/ - Diamcor Mining Inc, (the "Company") announces the results of the rough diamonds tendered and sold in the Company's first fiscal quarter ending June 30, 2017. The rough diamonds recovered, tendered, and sold during the period were from the processing of material being completed as part of the testing, commissioning, and calibration work underway on the newly expanded facilities at the Company's Krone-Endora at Venetia project in South Africa (the "Project"). The first fiscal quarter rough diamond tender and sales of 8,318.82 carats represents a ~38% decrease when compared to the 13,384.72 carats tendered and sold in the Company's first fiscal quarter ending June 30, 2016. The reduction was due to limited processing completed as compared to the same period during the prior fiscal year given the testing, commissioning, and calibration work being undertaken in the current year's period. However, despite the 38% decrease in total carats sold during the current fiscal quarter, the Company achieved gross revenues of USD $1,851,122.55, only a 3% decrease when compared to revenues of USD $1,905,978.44, realized during the same period in the prior fiscal year. The average dollar per carat of USD $222.52, from the processing of material in the +1.0mm to -45mm size fractions through the Project's newly expanded facilities in the first fiscal quarter, represents a 56% increase as compared to an average dollar per carat of USD $142.40, for the same period in the previous fiscal year when the facilities processed only materials in the +1.0mm to -26mm size fractions. Rough diamonds delivered, tendered and sold in the current period were the result of rough diamonds recovered prior to May 25, 2017. Rough diamonds recovered after May 25 and until June 30, 2017 will be recorded as rough diamond inventory on-hand for the first fiscal quarter ending June 30, 2017.