New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$6.6m). Earnings have declined by 2.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.37m market cap, or US$2.32m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$8.9m). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (CA$50k revenue, or US$35k). Market cap is less than US$10m (CA$3.37m market cap, or US$2.35m). Annuncio • Jan 02
Diamcor Mining Inc. announced that it expects to receive CAD 1 million in funding Diamcor Mining Inc. announced that it has entered into a financing agreement to issue an unsecured term loan for gross proceeds of CAD 1,000,000 on December 31, 2024. The loan bears an annual interest rate of 15% and d the Company will issue a total of 400,000 common shares in its authorized share capital for every CAD$100,000 of principal advanced under the Financing by participants/lenders pursuant to policy 5.1 of the TSX Venture Exchange Corporate Finance Manual. There will be no warrant issued as part of the transaction. The principal and interest of the term loans will be due and payable on the 12-month anniversary of the closing date. The Financing is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. All securities issued pursuant to the above will be subject to a hold period of four months plus one day following the closing. The transaction will include participation from management and shareholders of the company. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Negative equity (-CA$8.9m). Earnings have declined by 6.8% per year over the past 5 years. Revenue is less than US$1m (CA$50k revenue, or US$36k). Market cap is less than US$10m (CA$5.90m market cap, or US$4.22m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Annuncio • Oct 29
Diamcor Mining Inc., Annual General Meeting, Dec 30, 2024 Diamcor Mining Inc., Annual General Meeting, Dec 30, 2024. Location: british columbia, kelowna Canada Reported Earnings • Sep 01
First quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.009 loss in 1Q 2024) First quarter 2025 results: CA$0.01 loss per share. Net loss: CA$897.6k (loss narrowed 19% from 1Q 2024). Reported Earnings • Jul 30
Full year 2024 earnings released: CA$0.04 loss per share (vs CA$0.011 loss in FY 2023) Full year 2024 results: CA$0.04 loss per share (further deteriorated from CA$0.011 loss in FY 2023). Revenue: CA$1.12m (down 84% from FY 2023). Net loss: CA$5.64m (loss widened 329% from FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$6.6m). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (CA$8.85m market cap, or US$6.50m). Minor Risk Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Annuncio • Jul 04
Diamcor Mining Inc. announced that it has received CAD 2.0063 million in funding from Nm Management Ltd. On July 2, 2024, Diamcor Mining Inc. closed the transaction. The company announced that it has issued 1,200,600 at an issue price pf CAD 0.05 per unit for the gross proceeds of CAD 600,300 in second and final tranche. Each unit consisting of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.075 for a period of 36 months following the date of issuance. All private placements are subject to regulatory and/or final approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. Securities issued pursuant to the Offering are subject to a hold period of four months plus one day following the date of their issuance. The transaction included participation from returning investor Nm Management Ltd. for 6,000,000 units. New Risk • Jun 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$6.6m). Market cap is less than US$10m (CA$9.40m market cap, or US$6.87m). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Annuncio • May 02
Diamcor Mining Inc. announced that it expects to receive CAD 1.5 million in funding Diamcor Mining Inc. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of up to CAD 1,500,000 on May 1, 2024. The company anticipates that an aggregate of up to CAD 1,250,000 of the Financing will be subscribed by existing larger shareholders, management, and directors. Each unit consisting of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.075 for a period of 36 months following the date of issuance. The company plans to close the Financing by May 15, 2024. The Financing is subject to the approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. Securities issued pursuant to the Offering will be subject to a hold period of four months plus one day following the date of issuance. Annuncio • Mar 20
Diamcor Mining Inc. Appoints D. Wayne Howard to Its Board as Independent Director Diamcor Mining Inc. announced that recently retired Tiffany & Co. executive, Mr. D. Wayne Howard, has joined the Company's Board as an Independent Director. Mr. Howard is a leadership expert and results-oriented executive with a creative, entrepreneurial approach to business issues and extensive experience as an international board member, with global experience with several NYSE listed companies. He has a demonstrated ability to improve profitability for companies by developing new strategies for growing revenues, reducing costs and improving operations. Wayne has held various senior executive positions over his extensive career including VP Finance, Executive Vice President Global Operations, Director of Marketing and Sales and business owner. Mr. Howard has extensive knowledge of the diamond industry and well-established relationships with key industry players. Most recently and prior to his recent retirement, Mr. Howard held various executive level positions at Tiffany & Co., including Divisional Vice President Diamond Supply - Operations Officer, Divisional Vice President Jewelry Supply - Operations Officer, and Vice President of Manufacturing. He is also currently Managing Director for NY based Peale Davies, an independent advisory firm that provides strategic and financial advice on acquisitions, private capital solutions, restructurings, M&A, and growth initiatives. His extensive career has also included positions as Vice President of sourcing and logistics with Cerberus Capital Management Portfolio Company, Profit Improvement consultant with DWH Solutions, as well as Executive Vice President of Global Operations for New York based International Flavors & Fragrances where he successfully improved return on invested capital, lowered costs, and successfully integrated the operations of a $1.0B acquisition. He has also served as Vice President of other NYSE listed companies including luxury retailer Nordstrom, and Unilever - Lipton. Mr. Howard has an Honours degree in Business Administration from Ivey Business School at Western University and has completed PMD at Harvard Business School. Reported Earnings • Mar 03
Third quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.004 loss in 3Q 2023) Third quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.004 loss in 3Q 2023). Revenue: CA$53.5k (down 98% from 3Q 2023). Net loss: CA$931.6k (loss widened 75% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Feb 22
Diamcor Mining Inc. Announces Sheldon Nelson Steps Down from the Board of Directors Diamcor Mining Inc. announced that Mr. Sheldon Nelson has stepped down from the Board of Directors for personal reasons. Mr. Nelson has been a long-time Director, shareholder, and supporter of the Company. The Company plans to provide an update in the coming weeks on the appointment of a new independent director to its Board of Directors and the advancement of the Company's growth objectives moving forward. New Risk • Feb 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$5.6m). Market cap is less than US$10m (CA$9.00m market cap, or US$6.68m). Minor Risk Revenue is less than US$5m (CA$4.6m revenue, or US$3.4m). Annuncio • Jan 19
Diamcor Mining Inc. announced that it expects to receive CAD 2 million in funding Diamcor Mining Inc announced a private placement to issue unsecured convertible promissory notes and warrants for a gross proceeds of CAD 2,000,000 on January 18, 2024. The interest rate is 15% per annum with maturity of 2 years. The principal amount of the Notes will be convertible at the election of the noteholder into common shares of the company at any time up to the maturity date at the rate of CAD 0.10 per share. The company anticipates that an aggregate of approximately CAD 1,250,000 of the Financing will be subscribed to by existing larger shareholders and management. The Company will issue non-transferable share purchase warrants to eligible participating investors, with each share purchase warrant entitling the holder thereof to purchase one common share of the company at a price of CAD 0.15 for a period of two years from the date of issuance. The number of Warrants issuable to the eligible participating investors will be equal to the number of Common Shares into which the principal amount of the investor’s Note is convertible. The transaction is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. All securities issued pursuant to the above will be subject to a hold period of four months plus one day following the closing. Reported Earnings • Dec 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$63.1k (down 98% from 2Q 2023). Net loss: CA$1.56m (down 360% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be CA$0.087, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 52%. Annuncio • Oct 14
Diamcor Mining Inc., Annual General Meeting, Dec 20, 2023 Diamcor Mining Inc., Annual General Meeting, Dec 20, 2023. Buying Opportunity • Sep 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be CA$0.091, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 52%. Reported Earnings • Aug 02
Full year 2023 earnings released: CA$0.01 loss per share (vs CA$0.027 loss in FY 2022) Full year 2023 results: CA$0.01 loss per share (improved from CA$0.027 loss in FY 2022). Revenue: CA$7.21m (up 25% from FY 2022). Net loss: CA$1.32m (loss narrowed 46% from FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 21
Diamcor Mining Inc. Deploys Additional Heavy Equipment to Support Bulk Sampling and Targeted Increases in Processing Volumes Diamcor Mining Inc. announced that in addition to the previously announced recent completion of the reconfiguration of generator systems to mitigate the limitations of increased power outages, it has also added another new large excavator to its heavy equipment fleet at its Krone-Endora at Venetia diamond mine project. The Company announced that it has completed the repayment of its current Caterpillar equipment fleet in July of 2023, and this additional large excavator will now provide the Company with the potential for additional processing volume capacities, diamond recoveries, and associated revenues moving forward. Annuncio • Jul 13
Diamcor Mining Inc. Completes the Reconfiguration of Its Existing Generator Systems At Its Krone-Endora At Venetia Diamond Mine Project Diamcor Mining Inc. announced that it has completed the reconfiguration of its existing generator systems at its Krone-Endora at Venetia diamond mine project (the "Project"). These efforts are aimed at addressing the negative impacts to processing volumes and diamond recoveries, along with associated revenues, experienced in recent months due to increased power outages or load-shedding in South Africa. With these initiatives now complete, the Company has the ability to process material moving forward as required without dependence on the Eskom supplied power grid. The existing generator systems were originally installed to address short-term power outages, however given the increased frequency of daily power outages experienced over the past few quarters, addressing this issue became a key priority for the Company. In addition to the reconfiguration of the existing power systems, refinements to the Project's screening and processing facilities are also expected to further reduce power requirements and lower operating costs for the long-term. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-CA$1.9m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (CA$15.4m market cap, or US$11.6m). New Risk • Jun 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.9m). Market cap is less than US$10m (CA$12.9m market cap, or US$9.62m). Minor Risk Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Reported Earnings • Feb 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CA$2.48m (up 89% from 3Q 2022). Net loss: CA$531.7k (loss narrowed 40% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Dec 21
Chairman exercised options to buy CA$123k worth of stock. On the 14th of December, Dean Taylor exercised options to buy 559k shares at a strike price of around CA$0.15, costing a total of CA$84k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since March 2022, Dean has owned 4.76m shares directly. Company insiders have collectively bought CA$290k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Independent Director Sheldon Nelson was the last director to join the board, commencing their role in 2007. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CA$2.99m (up 120% from 2Q 2022). Net income: CA$599.9k (up CA$1.24m from 2Q 2022). Profit margin: 20% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Annuncio • Oct 21
Diamcor Mining Inc., Annual General Meeting, Dec 21, 2022 Diamcor Mining Inc., Annual General Meeting, Dec 21, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Independent Director Sheldon Nelson was the last director to join the board, commencing their role in 2007. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 06
Diamcor Mining Inc. Plans to Accelerate Certain Portions of its Planned Phase Two of Expansions at its Krone-Endora at Venetia Project Diamcor Mining Inc. announced that it plans to accelerate certain portions of the Company's planned phase two of expansions at its Krone-Endora at Venetia project (the ‘Project’) due to the current strength shown in rough diamond pricing and potential for additional rough diamond shortages moving forward. The areas that will be accelerated include the installation of additional screening, water management systems, and various other associated infrastructure items. The installation of these items ahead of schedule is aimed at increasing the current processing volumes and efficiencies of the completed phase one expansions, while continuing to support the Company's overall planned phase two expansions. While the installation of additional X-Ray diamond sorting units remains a priority, these items are largely driven by manufacturer delivery times, and the Company is confident that the previous upgrades made to the Project's current X-Ray units and final recovery systems will support the increased volumes, and these efforts will essentially serve to expedite a portion of the planned increases in processing volumes ahead of the Company's original plans. Acceleration Highlights: Processing Volume Increases - The accelerated additions are designed to compliment the phase one upgrades already completed and increase efficiencies surrounding the removal of soil and clay fines at the Project's Main Treatment Plant. The Company believes this addition alone will provide it with the potential to increase current hourly feed-rates and processing volumes above those initially targeted for the phase one upgrades. Water Recovery Improvements - Planned enhancements to the Project's water recovery system are also being accelerated to support the higher tonnages generated by the screening additions. This addition is also expected to lower water consumption on a per ton basis through improvements in the recovery of wastewater. Reductions in Operating Cost on a Per Ton Basis - The combined upgrades are expected to also lower the Project's operating costs on a per-ton basis due to a reduction in consumables as a result of more efficient screening. Material handling and equipment cycle times are also expected to improve. Continued Support of Further Growth - The items being accelerated will retain their original design and scope in line with the Company's entire phase two plans which remain on target for completion on or before June 30, 2022. No Disruptions to Current Operations - The installation of these accelerated phase two upgrades will be done in conjunction with ongoing processing and is not expected to cause any material disruptions to current operations. Reported Earnings • Mar 03
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: CA$0.01 loss per share (up from CA$0.02 loss in 3Q 2021). Revenue: CA$1.32m (up CA$1.18m from 3Q 2021). Net loss: CA$882.1k (loss narrowed 33% from 3Q 2021). Revenue missed analyst estimates by 58%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 17
Insider recently sold CA$72k worth of stock On the 10th of November, Kerry Seale sold around 200k shares on-market at roughly CA$0.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$291k more than they bought in the last 12 months. Annuncio • Sep 09
Diamcor Mining Inc. Announces Completion of Phase One Upgrades Diamcor Mining Inc. announced that it has completed the installation of the first phase of planned upgrades ahead of schedule at the company’s Krone Endora at Venetia Project. The initial upgrades, originally targeted for completion by the end of September 2021, are aimed at providing the Company with the potential to increase the Project’s processing volumes by up to 100%. The upgrades included the installation of a new materials handling step (scrubbing), improvement and expansion of the diamond concentration system, the installation of a new electronic diamond x-ray recovery unit, and various other refinements aimed at lowering water and power consumption on a per ton basis. All items of this first phase of upgrades are now operational and demonstrate their ability to achieve the desired processing volume increases. Final commissioning and minor refinements are expected to be completed over the coming weeks. Log-Washer Installation. The log-washer unit has been installed and replaces the large rotary wet scrubber with an aim to improve the removal of unwanted grit and soils prior to the introduction of gravels to the diamond concentration step. This item has been tested to full capacity and has demonstrated its ability to exceed planned throughput expectations. Dense Medium System Expansion ("DMS"). Expansion of the Project's DMS has been completed to effectively double throughput. A full recommissioning of the system was also successfully completed to ensure that efficient operation is not compromised at planned higher processing levels. Water and Power Footprint Reduced. Additional streamlining of the Project's processing plant included the removal of redundant pumps and systems to reduce the water and power footprint. Continued processing efficiencies in this area are seen as an essential element needed to support future upgrades and processing increases at the Project. Final Recovery Upgrades and X-ray Machine Installation. The addition of a new electronic X-ray diamond recovery machine was completed to support the phase one increases in processing volumes. Historical auditing of processed tailings highlighted a need to address final recovery inefficiencies, and thus the decision to implement upgraded technology in this area. Final commissioning over the next several weeks will ensure that increased volumes in this area are sustainable and diamond recovery is not compromised. Additional X-ray machines will also be added during the next phase of planned upgrades. Improved Processing Flexibility. The considerably improved capabilities of the upgraded processing plant are also aimed at providing greater flexibility in addressing variations in the mineral deposit and the processing of various gravel types in the corresponding broader areas of the Project. Support of Planned Phase Two Upgrades. The company believes these initial upgrades will achieve the desired phase one goals as planned and serve as the building blocks for a planned second larger phase aimed at further enhancing throughput and processing volumes. Reported Earnings • Jul 31
Full year 2021 earnings released: CA$0.05 loss per share (vs CA$0.053 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: CA$1.51m (down 62% from FY 2020). Net loss: CA$3.09m (loss narrowed 11% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Third quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.02 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$137.6k (down 93% from 3Q 2020). Net loss: CA$1.31m (loss widened 4.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Jan 13
Chairman exercised options to buy CA$339k worth of stock. On the 6th of January, Dean Taylor exercised options to buy 3.57m shares at a strike price of around CA$0.07, costing a total of CA$250k. This transaction amounted to 279% of their direct individual holding at the time of the trade. Since September 2020, Dean has owned 1.28m shares directly. Company insiders have collectively bought CA$247k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Jan 12
Diamcor Mining Inc. announced that it has received CAD 3.376208 million in funding from Tiffany & Co. Canada, Nm Management Ltd. On January 11, 2021, Diamcor Mining Inc. (TSXV:DMI) closed the transaction. The company has received CAD 420,000 in its final tranche. The company has also issued 1,199,998 non-transferable share purchase warrants. All securities issued in the tranche will be subject to a hold period expiring on May 12, 2021. Annuncio • Dec 23
Diamcor Mining Inc. announced that it has received CAD 2.956208 million in funding from Tiffany & Co. Canada On December 21, 2020, Diamcor Mining Inc. (TSXV:DMI) closed the transaction. The company has received CAD 2,001,708 in its second and final tranche. The company has received CAD 2,956,208 in the transaction. The company has also issued 8,129,335 warrants in the transaction. in the The transaction included participation from NM Management Ltd. The company paid finder's fees of CAD 2,450 and 42,000 finder warrants in its last tranche. Reported Earnings • Oct 18
First quarter earnings released Over the last 12 months the company has reported total losses of CA$2.78m, with losses widening by 4.6% from the prior year. Total revenue was CA$2.81m over the last 12 months, down 45% from the prior year. Annuncio • Sep 30
Diamcor Mining Inc. announced that it expects to receive CAD 3.5 million in funding from Tiffany & Co. Canada Diamcor Mining Inc. (TSXV: DMI) announced a private placement of unsecured convertible promissory notes for gross proceeds of CAD 3,500,000 on September 29, 2020. The transaction will include participation from existing investor, Tiffany & Co. Canada. The convertible debenture has a term of two years and bears an annual rate of interest of 10%. The interest will accrue and is payable for the 12 months period from the date of issuance, following which interest becomes due and payable semi-annually in the second year. There will be no principal payments until maturity. The principal amount of the notes will be convertible at the election of the note holder into common shares of the company at the rate of CAD 0.07 per share in the first year and at the rate of CAD 0.10 per share in the second year, interest will be convertible at the election of the note holder into common shares of the company at the market price as at the time of conversion of the interest. The company will issue non-transferable share purchase warrants to eligible participating investors, with each share purchase warrant entitling the holder thereof to purchase one common share at a price of CAD 0.15 for a period of 2 years from the date of issuance. The number of warrants issuable to the eligible participating investors will be equal to 20% of the number of common shares into which the principal amount of the investor's note is convertible in the first year. The securities issued will be subject to a hold period of four months plus one day following the closing. The transaction is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required.