Jun 26, 2018

Tango's Latest Diamond Sale Achieves Average Price of Over US$ 973 Per Carat

Tango Mining Limited  recently announced that in its latest sale of  diamonds   from the Oena Diamond Mine in the Republic of South Africa  it sold a total of 152.63 carats (95 diamonds)  for an average price of US$973.13 per carat. “This includes a 10.23 carat diamond which sold at US$ 1,464.32 per carat,” the Company added.

The diamonds which were placed on tender in Kimberley, were produced  in its   production period ending 14 June, 2018.

Since acquisition by Tango, diamond production from Oena --  including production from both run of mine (ROM)  material as well as pan tailings  -- now totals 2019 carats that have been sold at an average price of US$ 1,106 per carat.

A total of 32,130 t of ROM material was processed during the most recent production period.