ROCKWELL Diamonds reported a return to profit for the three months ended May, the first quarter of its financial year.Sales grew 46% to C$12m and it reported an after-tax profit of C$570,000 from a loss of C$5.2m in the matching three months in 2015."Rockwell has begun fiscal 2017 with a significantly changed operational profile from just one year ago," CEO James Campbell said in a press release accompanying the results statement."Niewejaarskraal has been placed on care and maintenance, Tirisano sold, Remhoogte/Holsloot acquired and, against most expectations, Saxendrift is still in production, albeit at a reduced rate and grade."Enhanced productivity on our operations has resulted in improved diamond recoveries and diamond values, which have translated in increased diamond revenues, on both a year-on-year and quarter-on-quarter basis."Its Wouterspan mine should start production in August, Campbell said.Rockwell intended closing Saxendrift and moving its resources to Wouterspan duri...
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