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Tango Mining Limited: Diamond Sales From Oena Diamond Mine, South Africa
May. 01, 2017 08:43AM PST
Gem Investing
Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 21 March to 17 April 2017, a total of 312 carats (199 diamonds) were produced. As quoted in the press release: …
Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 21 March to 17 April 2017, a total of 312 carats (199 diamonds) were produced.
As quoted in the press release:
A total of 250 carats were placed on tender in Johannesburg and sold with an average price of US$1,155 per carat. It is planned for 62 carats to be exported to Dubai to be sold by ATC Enterprises DMCC (“ATC”) (see news release of 19 May 2015). Diamond production from Oena, since acquisition, now totals 876 carats, of which 804 carats have been sold at an average price of US$1,290 per carat.