Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Tango Mining shares sparkle as it unveils latest Oena diamond sales

Wednesday, April 5, 2017 11:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Shares in Tango Mining Ltd (CVE:TGV) added over 8% in Toronto as it updated on diamond sales from the Oena mine in South Africa.

In the month to March 20 this year 307.94 carats from 183 diamonds were produced and sold with an average price of US$875  per carat.

The top 53 diamonds in value, of the 183 recovered, totalled 174.46 carats, had an average size of 3.292 carats and were sold with an average price of US$1,358 per carat, it added.

Production from Oena, since it was bought, now totals 564.06 carats, which have been sold at an average price of US$1,330, said Tango.

Notably, as announced on February 28,  during test commissioning, a diamond of 36.34 carats was recovered and sold at US$6,054 per carat.

Oena covers a 4.8km wide strip along a 15km length of the Orange River in a well-established alluvial diamond-mining province known to produce high-quality and large-sized diamonds.

African Star Minerals , of which Tango has a stake, owns 100% of the property.

Tango shares gained 8.33% to stand at $0.065.

Story by ProactiveInvestors


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.