Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX: RDI; JSE: RDI) announces results for the three months ended May 31, 2017.
As quoted in the press release:
Commenting on the third quarter financial performance before his departure, Tjaart Willemse said:
“This past quarter has seen a real effort from the management and operating teams, working in conjunction with the BRPs, to deliver against the Wouterspan mining and development plan put together last year when I joined.
Significant effort has gone into getting the mobile fleet up and running in order to feed the plant with steady supply of quality gravels. With Stephen joining us, the geology and mining models have been re-evaluated and any uneconomic and marginal areas were removed from the ore inventory. Mining faces have been re-established and its now about mining to plan and delivering to the processing plant.
The primary focus has moved to short interval controls aimed at making every input count in adding value to realize revenue. Initiatives to drive operating costs down further and to increase revenue are key to returning the business to profitability”.