Latest News: Rockwell Diamonds Inc. ROCKWELL [RDI]
Mon, 20 Apr 2015
Official Announcement [CC]
Rockwell reports diamond volume increase
Rockwell announced its quarterly production and sales update for the three months ended February 28, 2015.
Volumes of gravel processed up 45% at Middle Orange River (“MOR”) operations from a year ago to 0.9 million m3; Saxendrift volumes up 95% as a result of a revised mining fleet, and although Niewejaarskraal volumes increased by 57% facilitated by modifications to the in-field screen it remained below plan.
Carat production in MOR region up 13% due to better performance on volumes, but the grade was lower at 0.34 carats per 100m3.
MOR diamond sales (excluding beneficiation) up 24% year-on- year to USD10.6 million underpinned by the sale of two +120 carat stones recovered from Saxendrift. Total sales (excluding beneficiation) up 8% to USD13.1 million including goods from royalty contractor miners.
Average carat price up 24% from MOR properties, to USD2 461 per carat driven largely by the sale of the two +120 carat stones from Saxendrift.
Inventory of 1 196 carats (including royalty contract miners’ inventory of 693 carats) carried over into first quarter of fiscal 2016.
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