SouthernEra Resources (SUF-T) has sold several parcels of rough diamonds from its Klipspringer mine in South Africa and its Angolan alluvial operations.
Over the past four months, Klipspringer has produced 46,495.26 carats of rough diamonds that sold for a total of US$5.16 million, for an average selling price of US$111.08 per carat.
The per-carat sale price of the diamonds, which were mined from the Sugarbird blow, exceeded the deposit’s preliminary valuation of US$85 per carat. As of June 19, the largest diamond to have been recovered from the Sugarbird blow is a 23.75-carat stone.
At present, about 15,700 carats are on hand for a further sale, expected to take place in mid-July. Processing of stockpiled material from the Sugarbird blow is expected to be complete by that time.
As for SouthernEra’s Angolan operations, the first production parcel of 3,226 carats of diamonds from Cassanguidi were sold on June 11 for US$570,000, or US$175 per carat. SouthernEra receives 50% of the net proceeds of diamond sales from Cassanguidi.
Production from river operations has averaged about 200 carats per day since mid-May, and a further 3,000 carats are being made available for sale in early July. As water levels recede, additional diving crews have been mobilized to the site and increased production is anticipated.
A parcel of 6,038 carats from the Luo concession in Angola was sold for US$1.2 million, or US$203.48 per carat. As well, a single 8.14-carat pink diamond was sold for US$100,572. SouthernEra receives 46% of the net proceeds from Luo sales.
Luo production continues at a rate of about 150 carats per day, and is expected to increase once a second plant is commissioned in early August. A new river diversion is also scheduled for completion at that time.
Be the first to comment on "DIAMOND PAGE — SouthernEra sells diamond parcels"