Rockwell Provides Production Update For Q3; Shrs At Yr Lows

Rockwell Diamonds Inc. (RDI.TO), as part of its operational update, announced that the Group increased the volume of gravel processed by 6% to 747,404m3 and diamonds produced increased by 12% to 5,950 carats, despite having to deal with operational challenges and on-going industrial action at Tirisano. The Saxendrift Complex delivered solid results and Klipdam made progress in addressing efficiency improvements, whilst Tirisano was placed on care and maintenance to preserve cash resources and allow the management to focus on projects more in line with Rockwell's diamond value management strategy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.