South Africa-focused diamond producer Rockwell Diamond Corp is back in the black after it recorded a profit of C$570 000 for the second quarter ended May 31.
The Vancouver-based company said Tuesday that the quarter-on-quarter improvement, from a loss of C$5.1-million in the first quarter, reflected the improved operational performance in the current year, with the impact of restructuring costs and non-cash charges for impairments and accelerated depreciation relating to certain unusable plant and equipment at the Niewejaarskraal (NJK) operation being a thing of the past.
