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Diamcor Mining Inc. (TSXV:DMI) filed its Financial Statements and MD&A for the interim period ended September 30, 2013 on SEDAR.
As quoted in the press release:
HIGHLIGHTS
Corporate
- Canadian junior diamond mining company trading in Canada on the TSX Venture Exchange trading under the symbol V.DMI, and in the USA on the OTC market OTCQX International tier under the symbol DMIFF.
- Proven 24/7 operational history and supplier of rough diamonds to the world market at a time when supplies are contracting and demands are increasing
- Long-Term strategic alliance and financing with world famous New York based Tiffany & Co. On April 8, 2013 the Company announced the conversion of principal and accrued interest from the initial convertible debenture provided by Tiffany & Co. into 3,061,227 common shares of the Company.
- Krone-Endora at Venetia project acquired from DeBeers in the final stages of development – targeting 15 year life of mine – high % of gem quality – exceptional growth.
- Extensive infrastructure, modular processing plant, and expanded 800 tph in-field quarrying and screening operations now complete with final commissioning underway.
- Continued trial-mining ongoing, with targeted move to 24/7 operations in near-term – initial target of 10,000 carats per month in first 12 months with additional staged growth to 20,000 carats per month in year two forward.
- Rare near-term production project directly adjacent to, and related to a known quality source (Venetia) – potential for production, revenue, and earnings growth – additional growth potential.
- Attractive capital structure with only 35.1M shares issued and outstanding – 41.5M fully diluted.
Click here to read the Diamcor Mining Inc. (TSXV:DMI) press release
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