Stellar Diamonds loss values $5.4 million in fiscal 2011-12

For Stellar Diamonds, the fiscal year closing June 30, 2012, recorded a 75 drop in its diamonds (sourced from the company’s Mandala mine in Guinea),sales to $370,099. The company’s performance fell into a loss of $5.4 million (loss of $15 million in the previous year).

The company plans to continue to promote its diamond development strategy at its Tongo project in Sierra Leone and its Droujiba project in Guinea, reports add. Also, it is looking to increase its total resource base to over 4 million carats in the fourth quarter of 2012.