Rockwell Diamonds Exceeds Carat Expectations, Raises Targets

Mining Weekly reported Rockwell Diamonds (TSX:RDI) has consistently exceeded its carat expectations at its alluvial mine.

As quoted in the market news:

With performance at Rockwell’s operations continuing to improve and legacy issues being gradually whittled away, hopes are rising that the alluvial diamond miner will enter a sustained phase of profitable steady state from the latter part of 2012.

The company’s quarter-on-quarter carat output was up in the latest quarter, even after the closure of the Holpan mine, and the need now is for the continually strengthening performance to drop down to the income statement.

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