Bluerock Diamonds trades up on resumption of production at Kareevlei
Bluerock Diamonds was up 7.87% to GBX1.27 (CAN0.02) a share after announcing production had resumed at its South African diamond mine, Kareevlei.
The company announced that it had found a long-term fix for its cone crusher which had been affecting throughput.
The company says that changes made to the crushing circuit will positively impact the plant’s performance, improving throughput rates and will provide an update in its July quarterly statement.
Year-to-date the company's stock has slid 60 percent.