Despite having generated revenue of $3.4 million from its 85%-owned Aredor concession in Guinea, West Africa, Trivalence Mining (TMI-V) reported a loss of $232,138 (or 2 cents per share) for the quarter ended March 31.
Production was derived from a dual 8-ft. pilot plant and a single 14-ft.
tailings plant. The latter, which was commissioned in late March, has a capacity of 100 tonnes per hour. A Sortex machine is used to recover the diamonds. At last report, Aredor contained diamond reserves measuring 1.3 million carats. The government of Guinea retains a 15% interest in the project.
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