Diamcor Mining Inc.
Diamcor Mining Inc. (TSXV: DMI) holds the Krone-Endora at Venetia diamond project in Limpopo, South Africa (acquired from De Beers Consolidated Mines in Feb 2011), directly adjacent to De Beers' Venetia mine. The company has run production/bulk-sampling operations there (a 2015 crushing-circuit and Tomra XRT diamond-recovery installation, and a Feb 2020 delivery of ~4,500 carats of rough diamonds for tender/sale), and reported FY2024 revenue of CAD$1.12M (down 84% YoY) with a CAD$5.64M net loss. Diamcor has been in financial distress: it received a Section 244 default notice from Tiffany & Co. (Jun 13, 2025) tied to a prior offtake/financing arrangement and applied for a management cease trade order against its own directors/officers/insiders (Jul 29, 2025) after failing to file FY2025 audited financials on time. CIRO halted trading in its shares on 7 Aug 2025 under a cease trade order, and no resumption has been announced; the last recorded price is $0.01 CAD. In Feb 2026 Tiffany agreed to release the company from all security and indebtedness under its credit facilities and to end the offtake agreement, and the company was granted an extension to hold its 2025 AGM (to Jun 30, 2026). No company release since Feb 2026 has said whether Krone-Endora is producing or on care and maintenance.
Notable vs. Peers
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.7/10.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Feb 2020 · Source
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)5/10
The Krone-Endora project operates at De Beers' Venetia mine in Limpopo Province, South Africa, an experienced diamond-mining jurisdiction with a real mining-code framework, offset by grid reliability, permitting timelines and security overhead.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Krone-Endora at Venetia Diamond Project.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Mogalakwena (Valterra Platinum Limited), 178 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Not enough price history to chart: trading has been halted since Aug 7, 2025. as of Aug 7, 2025
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
A disclosed corporate action (not an acquisition or merger)
A corporate action of this kind says nothing about takeover susceptibility, so it isn't scored.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0.7/10
Nearest producing mine: Mogalakwena (Valterra Platinum Limited), 178 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:7/10
Stage: Construction
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:5/10
South Africa: jurisdiction score 5/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman, Director, President and Chief Executive Officer of Diamcor Mining Inc. since September 18, 2007. An entrepreneur with acquisition and operational management experience, he led Diamcor's corporate restructuring beginning in late 2005 ahead of its acquisition of the Krone-Endora at Venetia diamond project from De Beers. Also founder and CEO of Okanagan Valley Business Consulting Ltd., a private consulting firm.
Director and Chief Financial Officer of Diamcor Mining Inc.; has served on Diamcor's Board since July 2005. Graduate of the University of Lethbridge (1992) and holder of the Certified Management Accountant designation (1995). Operates his own public accounting practice and has owned and managed several other companies alongside his Diamcor role.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Tiffany & Co. Canada was named in a release discharging the company from an existing debt facility -- debt relief, not an equity investment. No producer, strategic investor, or resource-specialist fund holds a disclosed equity stake, and no insider trading activity has been filed in the last six months.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Diamcor Mining holds the Krone-Endora at Venetia diamond project in Limpopo, South Africa, acquired from De Beers in February 2011 and directly adjacent to De Beers' Venetia mine. The company has run production and bulk-sampling operations there, including a 2015 crushing-circuit and Tomra XRT diamond-recovery installation, and its operations page describes ongoing testing and commissioning, with revenue from trial mining rather than full commercial production. It has been in financial distress: after a Section 244 default notice from Tiffany & Co. in June 2025, it applied in July 2025 for a management cease trade order after failing to file its audited financial statements on time, and CIRO halted trading in its shares on 7 August 2025 under a cease trade order, with no resumption announced. In February 2026 Tiffany agreed to release the company from all security and indebtedness under its credit facilities and to end the offtake agreement, and no company release since then has said whether Krone-Endora is producing or on care and maintenance.